FNY Investment Advisers LLC Makes New Investment in Li Auto Inc. (NASDAQ:LI)

FNY Investment Advisers LLC acquired a new stake in shares of Li Auto Inc. (NASDAQ:LI - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 15,000 shares of the company's stock, valued at approximately $378,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Renaissance Technologies LLC boosted its position in shares of Li Auto by 1.3% during the 4th quarter. Renaissance Technologies LLC now owns 7,800,639 shares of the company's stock valued at $187,137,000 after acquiring an additional 99,539 shares during the last quarter. Brilliance Asset Management Ltd. lifted its position in Li Auto by 0.7% during the fourth quarter. Brilliance Asset Management Ltd. now owns 3,508,642 shares of the company's stock valued at $84,172,000 after purchasing an additional 24,416 shares during the last quarter. RWC Asset Advisors US LLC grew its stake in shares of Li Auto by 20.0% in the 4th quarter. RWC Asset Advisors US LLC now owns 3,181,050 shares of the company's stock worth $76,313,000 after buying an additional 530,390 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Li Auto by 14.9% in the 4th quarter. American Century Companies Inc. now owns 1,005,524 shares of the company's stock worth $24,123,000 after buying an additional 130,598 shares during the last quarter. Finally, LMR Partners LLP bought a new stake in shares of Li Auto in the 4th quarter worth about $16,266,000. Institutional investors own 9.88% of the company's stock.

Li Auto Trading Up 1.6%

LI traded up $0.44 on Monday, reaching $28.20. 2,741,492 shares of the company traded hands, compared to its average volume of 6,389,694. The company has a market cap of $29.53 billion, a P/E ratio of 20.89, a price-to-earnings-growth ratio of 3.27 and a beta of 0.98. 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 firm has a fifty day simple moving average of $26.28 and a two-hundred day simple moving average of $25.40.

Li Auto (NASDAQ:LI - Get Free Report) last posted 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). Li Auto had a net margin of 7.20% and a return on equity of 13.03%. The company had revenue of $3.53 billion for the quarter, compared to the consensus estimate of $3.45 billion. During the same period in the prior year, the firm posted $1.21 EPS. The business's revenue was up 1.1% on a year-over-year basis. As a group, equities research analysts expect that Li Auto Inc. will post 0.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on LI. Nomura Securities raised shares of Li Auto to a "hold" rating in a report on Monday, March 17th. HSBC set a $38.50 price target on Li Auto and gave the stock a "buy" rating in a research report on Thursday, March 6th. Macquarie downgraded shares of Li Auto from an "outperform" rating to a "neutral" rating and set a $27.00 price target on the stock. in a report on Monday, March 17th. JPMorgan Chase & Co. raised shares of Li Auto from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $22.00 to $40.00 in a research note on Friday, February 28th. Finally, Cfra Research upgraded Li Auto from a "strong sell" rating to a "hold" rating in a research report on Tuesday, June 10th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Li Auto currently has a consensus rating of "Hold" and a consensus target price of $32.85.

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.