Scarborough Advisors LLC acquired a new stake in Li Auto Inc. (NASDAQ:LI – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,093 shares of the company’s stock, valued at approximately $41,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Crossmark Global Holdings Inc. raised its stake in shares of Li Auto by 4.7% during the fourth quarter. Crossmark Global Holdings Inc. now owns 37,479 shares of the company’s stock valued at $1,403,000 after acquiring an additional 1,679 shares in the last quarter. Franchise Capital Ltd increased its holdings in Li Auto by 163.2% during the 4th quarter. Franchise Capital Ltd now owns 975,250 shares of the company’s stock worth $36,504,000 after purchasing an additional 604,773 shares during the period. NEW THINKING HONG KONG INVESTMENT MANAGEMENT CO. Ltd lifted its holdings in shares of Li Auto by 63.4% in the 4th quarter. NEW THINKING HONG KONG INVESTMENT MANAGEMENT CO. Ltd now owns 187,606 shares of the company’s stock worth $7,022,000 after buying an additional 72,798 shares during the period. Tudor Investment Corp Et Al lifted its holdings in shares of Li Auto by 603.8% in the 3rd quarter. Tudor Investment Corp Et Al now owns 160,099 shares of the company’s stock worth $5,708,000 after buying an additional 137,350 shares during the period. Finally, Rafferty Asset Management LLC grew its position in shares of Li Auto by 123.4% during the 3rd quarter. Rafferty Asset Management LLC now owns 21,992 shares of the company’s stock worth $784,000 after buying an additional 12,149 shares in the last quarter. Hedge funds and other institutional investors own 9.88% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on LI shares. 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 research note on Tuesday, May 21st. Morgan Stanley cut their price target on Li Auto from $65.00 to $53.00 and set an “overweight” rating on the stock in a report on Tuesday, May 21st. Citigroup reduced their price target on Li Auto from $57.30 to $48.50 and set a “buy” rating for the company in a research report on Friday, March 22nd. Bank of America dropped their price objective on Li Auto from $41.00 to $36.00 and set a “buy” rating on the stock in a research report on Tuesday, May 21st. Finally, Macquarie started coverage on shares of Li Auto in a report on Monday, April 15th. They issued an “outperform” rating and a $40.00 target price for the company. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $40.50.
Check Out Our Latest Stock Report on Li Auto
Li Auto Stock Performance
LI opened at $18.80 on Friday. The company has a current ratio of 1.53, a quick ratio of 1.37 and a debt-to-equity ratio of 0.04. Li Auto Inc. has a 12-month low of $18.68 and a 12-month high of $47.33. The firm has a 50 day moving average of $24.48 and a two-hundred day moving average of $30.33. The firm has a market capitalization of $19.95 billion, a PE ratio of 12.53, a P/E/G ratio of 2.27 and a beta of 1.00.
Li Auto (NASDAQ:LI – Get Free Report) last released its quarterly earnings data on Monday, May 20th. The company reported $0.08 earnings per share for the quarter. The business had revenue of $3.55 billion during the quarter. Li Auto had a return on equity of 16.65% and a net margin of 8.73%. On average, analysts anticipate that Li Auto Inc. will post 1.04 EPS for the current year.
Li Auto Company 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.
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