Public Employees Retirement System of Ohio Has $1.40 Million Position in Li Auto Inc. (NASDAQ:LI)

Public Employees Retirement System of Ohio lifted its holdings in shares of Li Auto Inc. (NASDAQ:LI - Free Report) by 66.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 58,525 shares of the company's stock after acquiring an additional 23,339 shares during the period. Public Employees Retirement System of Ohio's holdings in Li Auto were worth $1,404,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. grew its stake in shares of Li Auto by 16.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the company's stock worth $84,000 after purchasing an additional 500 shares during the period. Blue Trust Inc. boosted its holdings in Li Auto by 66.2% during the fourth quarter. Blue Trust Inc. now owns 5,058 shares of the company's stock worth $130,000 after buying an additional 2,015 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Li Auto during the fourth quarter worth about $129,000. SBI Securities Co. Ltd. acquired a new position in Li Auto during the fourth quarter worth about $191,000. Finally, First Trust Advisors LP increased its holdings in Li Auto by 15.2% in the fourth quarter. First Trust Advisors LP now owns 10,014 shares of the company's stock valued at $240,000 after buying an additional 1,324 shares in the last quarter. Hedge funds and other institutional investors own 9.88% of the company's stock.

Li Auto Trading Down 0.6%

LI traded down $0.19 during trading on Thursday, reaching $29.28. The company had a trading volume of 2,429,704 shares, compared to its average volume of 6,454,801. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.64 and a current ratio of 1.76. Li Auto Inc. has a 12-month low of $17.44 and a 12-month high of $33.12. The company has a market cap of $30.65 billion, a price-to-earnings ratio of 21.68, a PEG ratio of 3.27 and a beta of 0.98. The firm's 50-day simple moving average is $25.51 and its 200 day simple moving average is $25.05.

Li Auto (NASDAQ:LI - Get Free Report) last released its 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 analysts' expectations of $3.45 billion. Li Auto had a return on equity of 13.03% and a net margin of 7.20%. The business's revenue was up 1.1% on a year-over-year basis. During the same period last year, the business earned $1.21 earnings per share. Equities research analysts anticipate that Li Auto Inc. will post 0.96 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on LI. JPMorgan Chase & Co. raised Li Auto from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $22.00 to $40.00 in a research note on Friday, February 28th. Nomura Securities raised Li Auto to a "hold" rating in a report on Monday, March 17th. 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 report on Monday, March 17th. Cfra Research raised Li Auto to a "strong sell" rating in a report on Friday, March 21st. Finally, HSBC set a $38.50 price target on Li Auto and gave the company a "buy" rating in a research report on Thursday, March 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Li Auto has a consensus rating of "Hold" and a consensus price target of $32.85.

About Li Auto

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.