Raymond James Financial Inc. acquired a new position in Li Auto Inc. (NASDAQ:LI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 22,693 shares of the company's stock, valued at approximately $544,000.
Other hedge funds have also bought and sold shares of the company. Blue Trust Inc. grew its holdings in Li Auto by 66.2% during the 4th quarter. Blue Trust Inc. now owns 5,058 shares of the company's stock valued at $130,000 after buying an additional 2,015 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in Li Auto during the fourth quarter valued at approximately $191,000. Ballentine Partners LLC bought a new stake in Li Auto during the 4th quarter worth approximately $223,000. Atomi Financial Group Inc. purchased a new stake in Li Auto in the 4th quarter worth approximately $271,000. Finally, ABC Arbitrage SA purchased a new stake in Li Auto in the 4th quarter worth approximately $331,000. 9.88% of the stock is currently owned by hedge funds and other institutional investors.
Li Auto Trading Up 4.4 %
Shares of Li Auto stock traded up $0.98 on Friday, hitting $23.23. The stock had a trading volume of 9,284,358 shares, compared to its average volume of 7,278,004. The company has a quick ratio of 1.64, a current ratio of 1.76 and a debt-to-equity ratio of 0.13. Li Auto Inc. has a one year low of $17.44 and a one year high of $33.12. The stock's 50-day simple moving average is $26.18 and its two-hundred day simple moving average is $25.00. The stock has a market cap of $24.32 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 3.27 and a beta of 0.94.
Wall Street Analysts Forecast Growth
LI has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upgraded Li Auto from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $22.00 to $40.00 in a research note on Friday, February 28th. HSBC set a $38.50 price objective on shares of Li Auto and gave the stock a "buy" rating in a research report on Thursday, March 6th. Cfra Research raised shares of Li Auto to a "strong sell" rating in a research note on Friday, March 21st. Nomura Securities raised shares of Li Auto to a "hold" rating in a report on Monday, March 17th. Finally, Macquarie downgraded shares of Li Auto from an "outperform" rating to a "neutral" rating and set a $27.00 price objective for the company. in a report on Monday, March 17th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, Li Auto has an average rating of "Hold" and a consensus target price of $35.73.
Get Our Latest Report on LI
Li Auto Company Profile
(
Free Report)
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.
Further Reading
Before you consider Li Auto, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Li Auto wasn't on the list.
While Li Auto currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
