Trexquant Investment LP Sells 90,744 Shares of Li Auto Inc. (NASDAQ:LI)

Trexquant Investment LP trimmed its stake in Li Auto Inc. (NASDAQ:LI) by 53.0% during the 4th quarter, HoldingsChannel reports. The fund owned 80,550 shares of the company’s stock after selling 90,744 shares during the quarter. Trexquant Investment LP’s holdings in Li Auto were worth $3,015,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of LI. Rakuten Securities Inc. purchased a new position in Li Auto in the 4th quarter worth about $57,000. Employees Retirement System of Texas purchased a new position in shares of Li Auto in the 3rd quarter worth $130,000. Ballentine Partners LLC bought a new stake in shares of Li Auto in the fourth quarter worth $223,000. Campbell & CO Investment Adviser LLC purchased a new stake in Li Auto during the third quarter valued at $215,000. Finally, Tucker Asset Management LLC purchased a new position in Li Auto in the third quarter worth about $217,000. 9.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Barclays dropped their price objective on shares of Li Auto from $25.00 to $22.00 and set an “equal weight” rating on the stock in a report on Tuesday. Citigroup cut their price objective on shares of Li Auto from $57.30 to $48.50 and set a “buy” rating for the company in a research report on Friday, March 22nd. Deutsche Bank Aktiengesellschaft upgraded Li Auto from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $45.00 to $41.00 in a research note on Tuesday, February 6th. Bank of America cut their price target on Li Auto from $41.00 to $36.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Macquarie initiated coverage on Li Auto in a research note on Monday, April 15th. They set an “outperform” rating and a $40.00 price objective for the company. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.50.

Li Auto Price Performance

LI stock traded up $0.73 during midday trading on Friday, hitting $20.31. The company’s stock had a trading volume of 8,603,735 shares, compared to its average volume of 11,133,606. The firm has a market capitalization of $21.55 billion, a price-to-earnings ratio of 13.54, a price-to-earnings-growth ratio of 1.72 and a beta of 1.10. The company has a quick ratio of 1.48, a current ratio of 1.53 and a debt-to-equity ratio of 0.04. Li Auto Inc. has a 12 month low of $19.38 and a 12 month high of $47.33. The company has a 50 day moving average of $27.83 and a two-hundred day moving average of $32.48.

Li Auto (NASDAQ:LI) last released its quarterly earnings data on Monday, February 26th. The company reported $0.49 EPS for the quarter. Li Auto had a net margin of 8.73% and a return on equity of 16.65%. The business had revenue of $5.88 billion during the quarter. On average, analysts expect that Li Auto Inc. will post 1.43 EPS for the current year.

Li Auto Profile

Li Auto Inc operates in the energy vehicle market in the People's Republic of China. It designs, develops, manufactures, and sells premium smart electric vehicles. The company's product line comprises MPVs and sport utility vehicles. It offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment.