SG Americas Securities LLC cut its stake in shares of Li Auto Inc. (NASDAQ:LI - Free Report) by 55.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 93,617 shares of the company's stock after selling 118,798 shares during the quarter. SG Americas Securities LLC's holdings in Li Auto were worth $2,359,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. LMR Partners LLP bought a new position in shares of Li Auto during the 4th quarter valued at approximately $16,266,000. OLD Mission Capital LLC bought a new position in shares of Li Auto during the 4th quarter valued at approximately $14,704,000. RWC Asset Advisors US LLC boosted its position in shares of Li Auto by 20.0% during the 4th quarter. RWC Asset Advisors US LLC now owns 3,181,050 shares of the company's stock valued at $76,313,000 after acquiring an additional 530,390 shares during the last quarter. Myriad Asset Management US LP bought a new position in shares of Li Auto during the 1st quarter valued at approximately $9,913,000. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Li Auto during the 4th quarter valued at approximately $8,923,000. 9.88% of the stock is currently owned by institutional investors.
Li Auto Stock Down 3.8%
Li Auto stock opened at $27.76 on Friday. The stock has a market capitalization of $29.07 billion, a PE ratio of 20.56, a price-to-earnings-growth ratio of 3.27 and a beta of 0.98. Li Auto Inc. has a 12 month low of $17.44 and a 12 month high of $33.12. The business has a 50 day simple moving average of $26.28 and a 200-day simple moving average of $25.38. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.76 and a quick ratio of 1.64.
Li Auto (NASDAQ:LI - Get Free Report) last posted its quarterly earnings data on Thursday, May 29th. The company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.09 by ($0.01). Li Auto had a net margin of 7.20% and a return on equity of 13.03%. The business had revenue of $3.53 billion during the quarter, compared to analysts' expectations of $3.45 billion. During the same quarter last year, the firm earned $1.21 earnings per share. The firm's quarterly revenue was up 1.1% compared to the same quarter last year. On average, analysts anticipate that Li Auto Inc. will post 0.96 EPS for the current fiscal year.
Analysts Set New Price Targets
Several research firms recently weighed in on LI. Macquarie lowered 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. Nomura Securities upgraded 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 company a "buy" rating in a report on Thursday, March 6th. Cfra Research upgraded Li Auto from a "strong sell" rating to a "hold" rating in a report on Tuesday, June 10th. Finally, JPMorgan Chase & Co. upgraded Li Auto from a "neutral" rating to an "overweight" rating and increased their price target for the company from $22.00 to $40.00 in a report on Friday, February 28th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $32.85.
Read Our Latest Report on LI
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.
See Also
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