PFG Investments LLC acquired a new stake in Li Auto Inc. Sponsored ADR (NASDAQ:LI - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 15,465 shares of the company's stock, valued at approximately $390,000.
A number of other hedge funds also recently made changes to their positions in the business. Raymond James Financial Inc. bought a new position in shares of Li Auto during the fourth quarter worth approximately $544,000. Pinpoint Asset Management Ltd increased its stake in shares of Li Auto by 594.4% in the 4th quarter. Pinpoint Asset Management Ltd now owns 131,592 shares of the company's stock valued at $3,357,000 after purchasing an additional 112,642 shares during the last quarter. NINE MASTS CAPITAL Ltd acquired a new stake in shares of Li Auto during the 4th quarter valued at $6,637,000. O Shaughnessy Asset Management LLC boosted its holdings in shares of Li Auto by 91.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 27,558 shares of the company's stock valued at $661,000 after acquiring an additional 13,187 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Li Auto by 38.0% during the 4th quarter. Northern Trust Corp now owns 488,151 shares of the company's stock valued at $11,711,000 after acquiring an additional 134,301 shares in the last quarter. 9.88% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on LI shares. Nomura Securities raised Li Auto to a "hold" rating in a research note on Monday, March 17th. Cfra Research raised Li Auto from a "strong sell" rating to a "hold" rating in a report on Tuesday, June 10th. Macquarie downgraded Li Auto from an "outperform" rating to a "neutral" rating and set a $27.00 target price on the stock. in a research note on Monday, March 17th. JPMorgan Chase & Co. upgraded Li Auto from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $22.00 to $40.00 in a research note on Friday, February 28th. Finally, HSBC set a $38.50 target price on Li Auto and gave the stock a "buy" rating in a research report on Thursday, March 6th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $32.85.
View Our Latest Report on LI
Li Auto Price Performance
Shares of LI stock traded down $0.54 on Friday, reaching $27.47. The company's stock had a trading volume of 4,889,915 shares, compared to its average volume of 6,366,513. The company has a quick ratio of 1.72, a current ratio of 1.87 and a debt-to-equity ratio of 0.12. Li Auto Inc. Sponsored ADR has a 12-month low of $17.44 and a 12-month high of $33.12. The company has a market capitalization of $28.76 billion, a P/E ratio of 26.16, a PEG ratio of 1.11 and a beta of 0.98. The stock's 50 day simple moving average is $27.29 and its 200-day simple moving average is $25.69.
Li Auto (NASDAQ:LI - Get Free Report) last released its earnings results on Thursday, May 29th. The company reported $0.08 EPS for the quarter, missing analysts' consensus estimates 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 net margin of 5.60% and a return on equity of 11.83%. The firm's revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.21 EPS. As a group, equities analysts predict that Li Auto Inc. Sponsored ADR will post 0.96 earnings per share for the current fiscal year.
About Li Auto
(
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.
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