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

Public Employees Retirement System of Ohio lifted its position in shares of Li Auto Inc. (NASDAQ:LI - Free Report) by 66.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in LI. Daiwa Securities Group Inc. lifted its stake in Li Auto by 16.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the company's stock valued at $84,000 after purchasing an additional 500 shares during the last quarter. Blue Trust Inc. lifted its stake in Li Auto by 66.2% in the 4th quarter. Blue Trust Inc. now owns 5,058 shares of the company's stock valued at $130,000 after purchasing an additional 2,015 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in Li Auto in the 4th quarter valued at approximately $129,000. SBI Securities Co. Ltd. bought a new position in Li Auto in the 4th quarter valued at approximately $191,000. Finally, First Trust Advisors LP lifted its stake in Li Auto by 15.2% in the 4th quarter. First Trust Advisors LP now owns 10,014 shares of the company's stock valued at $240,000 after purchasing an additional 1,324 shares during the last quarter. Institutional investors own 9.88% of the company's stock.

Li Auto Trading Up 0.9%

Shares of LI traded up $0.25 during trading hours on Friday, hitting $29.52. 3,248,364 shares of the stock were exchanged, compared to its average volume of 6,453,341. Li Auto Inc. has a fifty-two week low of $17.44 and a fifty-two week high of $33.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.76 and a quick ratio of 1.64. The business has a 50-day moving average of $25.67 and a 200-day moving average of $25.14. The firm has a market capitalization of $30.91 billion, a P/E ratio of 21.87, a price-to-earnings-growth ratio of 3.27 and a beta of 0.98.

Li Auto (NASDAQ:LI - Get Free Report) last posted its quarterly earnings data 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 return on equity of 13.03% and a net margin of 7.20%. The firm had revenue of $3.53 billion for the quarter, compared to analyst estimates of $3.45 billion. During the same quarter last year, the company earned $1.21 earnings per share. The company's quarterly revenue was up 1.1% compared to the same quarter last year. On average, research analysts expect that Li Auto Inc. will post 0.96 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. raised shares of Li Auto from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $22.00 to $40.00 in a research note on Friday, February 28th. Macquarie cut shares of Li Auto from an "outperform" rating to a "neutral" rating and set a $27.00 price target for the company. in a research report on Monday, March 17th. Nomura Securities upgraded shares of Li Auto to a "hold" rating in a research report on Monday, March 17th. HSBC set a $38.50 price target on shares of Li Auto and gave the company a "buy" rating in a research report on Thursday, March 6th. Finally, Cfra Research upgraded shares of Li Auto to a "strong sell" rating in a research report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $32.85.

Li Auto Company 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.