UBS Asset Management Americas INC decreased its holdings in Li Auto INC (NASDAQ: LI) during the third quarter by 6.2%, as stated in the most recent filing that the company made with the Securities and Exchange Commission.

The institutional investor ended up with 6,630,523 shares of the company’s stock after selling 441,457 shares throughout the period.

According to the most recent report that Ubs Asset Management Americas INC submitted to the Securities and Exchange Commission, the company owned approximately 0.64% of Li Auto.

At the time of the filing, the value of this ownership was determined to be $152,568,000.

On Friday, December 9th, Li Auto (NASDAQ: LI) released its most recent quarterly earnings report.

The report was for the period ending September 30th.

The company announced earnings per share (EPS) of $0.24, better than the estimate of $.25, which was widely disseminated by $0.01.

The return on equity and net margin for Li Auto was in red.

The return on equity was -4.48%, and the net margin was -4.30%.

The amount in question represents the total revenue the business brought in throughout the period above.

It is anticipated by those who follow the market that Li Auto INC will generate earnings of $0.29 per share this year.
On Friday, the opening price of a share on the NASDAQ LI was 21.43 dollars.

The debt-to-equity ratio comes in at 0.20, the quick ratio at 2.20, the current ratio at 2.45, and the quick ratio at 2.20.

The simple moving average of the company’s stock price over the past 200 days is $22.18; the simple moving average over the past 50 days is $23.61.

The 12-month low for Li Auto INC is currently at $12.52, while the 12-month high for the company is currently at $41.49, respectively.
Hedge funds and various other types of institutional investors have also participated in buying and selling company shares at various points in time.

Through the first three months of 2018, Captrust Financial Advisers was able to amass a 584.1% increase in the quantity of Li Auto stock it owned.

Because they made additional 917 share purchases during the relevant period, Captrust Financial Advisors now has 1,074 shares of the company’s stock in their possession.

The current market value of these shares is $28,000. CoreCap Advisors LLC increased its position in Li Auto by making additional purchases of shares during the second quarter.

The additional shares cost approximately $54,000.

Desjardins Global Asset Management INC opened a new position in Li Auto during the second quarter and invested more than $70,000.

The value of Activest Wealth Management’s holdings in Li Auto increased by 103.3% during the period covered by the third quarter report.

Activist Wealth Management now has a total of 2,952 shares of the company’s stock, currently valued at $68,000 after purchasing an additional 1,500 shares during the most recent quarter. Finally, but certainly not least, during the third quarter, Quadrant Capital Group LLC increased the percentage of Li Auto shares it held by 66.4%.

The most recent quarter saw Quadrant Capital Group LLC purchase an additional 1,490 shares of the company’s stock, bringing the total number of shares owned to 3,735, which have a value of $86,000.

This brings the total number of shares owned in the company to 3,735.

A total of 20.97% of the company’s shares are held by institutional investors such as hedge funds and other financial organizations.

Recent times have seen the publication of research on LI from several different brokerage houses. [Further citation is required] In a research report that HSBC released on Friday, March 3rd, the rating for Li Auto was changed from “hold” to “buy,” indicating that the firm now recommends purchasing the company’s stock.

In addition, during the same period, HSBC increased its target price for the company from $35.00 to $36.00.

In a research note published on Thursday, December 15th, CLSA announced that they would be lowering their price objective on shares of Li Auto from $49.00 to $31.00. Citigroup raised their price target for the company from $48.00 to $51.50 and rated the company as a “buy” in a report about Li Auto that was published on Thursday, February 9th.

The report was released. On November 28th, a research note that announced Jefferies Financial Group would cover Li Auto was published.

This marked the day that the coverage was initiated.

They suggested making a “buy” investment in the company and established a price target of $20.66.

Barclays upgraded Li Auto from an “underweight” rating to an “overweight” rating in a research report that was made public on February 28th.

This is the final upgrade that should be mentioned. Nine equity research analysts have all recommended purchasing the company’s stock.

According to information from Bloomberg.com, the stock is currently rated as a consensus “buy,” The consensus price objective is currently set at $37.04 per share.

This information was used to derive the price objective.

Li Automotive, INC is in charge of designing, developing, manufacturing, and distributing vehicles that run on alternative fuels, thanks to the multiple companies it owns in the People’s Republic of China.

An intelligent electric sport utility vehicle with seating for up to six passengers, ADAS navigation, and autonomous emergency braking is one of the available options from the manufacturer.

Additionally, the vehicle is equipped with intelligent vehicle technologies.

It is referred to by its official moniker, the Li ONE.

The post UBS Asset Management Americas Inc. reduces its stake in Li Auto Inc. appeared first on Best Stocks.