Canada Pension Plan Investment Board Acquires New Stake in Li Auto Inc. Sponsored ADR $LI

Key Points

• The Canada Pension Plan Investment Board acquired a new stake in Li Auto Inc., purchasing 1,630,000 shares valued at approximately $41 million, representing about 0.16% ownership by the end of the quarter.
• Wall Street analysts have mixed opinions on Li Auto, with ratings ranging from "Underperform" to "Buy," and an average price target of $26.26.
• Li Auto's latest quarterly earnings report indicated a revenue increase to $3.53 billion, but an earnings per share miss at $0.08, falling short of the expected $0.09.

Canada Pension Plan Investment Board acquired a new stake in Li Auto Inc. Sponsored ADR (NASDAQ:LI - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,630,000 shares of the company's stock, valued at approximately $41,076,000. Canada Pension Plan Investment Board owned about 0.16% of Li Auto at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. SVB Wealth LLC purchased a new position in Li Auto in the first quarter valued at approximately $33,000. Summit Securities Group LLC purchased a new stake in shares of Li Auto during the first quarter worth $50,000. CX Institutional purchased a new stake in shares of Li Auto during the first quarter worth $72,000. Brooklyn Investment Group lifted its position in shares of Li Auto by 1,077.3% during the first quarter. Brooklyn Investment Group now owns 4,980 shares of the company's stock worth $125,000 after acquiring an additional 4,557 shares in the last quarter. Finally, Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Li Auto during the first quarter worth $126,000. Hedge funds and other institutional investors own 9.88% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on LI. BNP Paribas Exane began coverage on Li Auto in a research report on Monday, August 18th. They set an "underperform" rating and a $18.00 target price on the stock. Sanford C. Bernstein dropped their target price on Li Auto from $26.00 to $25.00 and set a "market perform" rating on the stock in a research report on Friday. Dbs Bank downgraded Li Auto from a "moderate buy" rating to a "hold" rating in a research report on Friday. Cfra Research upgraded Li Auto from a "strong sell" rating to a "hold" rating in a research report on Tuesday, June 10th. Finally, Macquarie downgraded Li Auto from a "neutral" rating to an "underperform" rating and dropped their target price for the stock from $28.00 to $21.00 in a research report on Friday, August 22nd. One research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, Li Auto presently has an average rating of "Reduce" and a consensus price target of $26.26.

Li Auto Trading Up 0.4%

Li Auto stock opened at $23.35 on Friday. The stock has a market cap of $24.45 billion, a P/E ratio of 22.24, a PEG ratio of 1.34 and a beta of 0.94. Li Auto Inc. Sponsored ADR has a fifty-two week low of $18.11 and a fifty-two week high of $33.12. The firm's fifty day moving average price is $26.53 and its 200-day moving average price is $26.55. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.72 and a current ratio of 1.87.

Li Auto (NASDAQ:LI - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.01). The firm had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.45 billion. Li Auto had a return on equity of 11.52% and a net margin of 5.64%.The company's revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.21 EPS. Equities research analysts forecast that Li Auto Inc. Sponsored ADR will post 0.96 earnings per share for the current fiscal 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.

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