DekaBank Deutsche Girozentrale boosted its position in shares of Li Auto Inc. (NASDAQ:LI - Get Rating) by 10.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 61,003 shares of the company's stock after acquiring an additional 5,867 shares during the period. DekaBank Deutsche Girozentrale's holdings in Li Auto were worth $1,404,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in LI. Creative Planning boosted its holdings in shares of Li Auto by 2.8% in the 2nd quarter. Creative Planning now owns 19,438 shares of the company's stock valued at $745,000 after buying an additional 521 shares in the last quarter. US Bancorp DE boosted its holdings in shares of Li Auto by 20.2% in the 1st quarter. US Bancorp DE now owns 3,890 shares of the company's stock valued at $100,000 after buying an additional 653 shares in the last quarter. Comerica Bank boosted its holdings in shares of Li Auto by 8.9% in the 2nd quarter. Comerica Bank now owns 10,351 shares of the company's stock valued at $386,000 after buying an additional 847 shares in the last quarter. Ensign Peak Advisors Inc boosted its holdings in shares of Li Auto by 2.2% in the 1st quarter. Ensign Peak Advisors Inc now owns 40,050 shares of the company's stock valued at $1,034,000 after buying an additional 850 shares in the last quarter. Finally, Captrust Financial Advisors boosted its holdings in shares of Li Auto by 584.1% in the 1st quarter. Captrust Financial Advisors now owns 1,074 shares of the company's stock valued at $28,000 after buying an additional 917 shares in the last quarter. Institutional investors and hedge funds own 20.97% of the company's stock.
Li Auto Stock Down 0.9 %
Shares of Li Auto stock opened at $23.36 on Wednesday. The company has a market cap of $24.35 billion, a P/E ratio of -80.55 and a beta of 0.64. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.58 and a current ratio of 2.83. Li Auto Inc. has a one year low of $12.52 and a one year high of $41.49. The firm has a fifty day moving average of $20.48 and a two-hundred day moving average of $24.31.
Li Auto (NASDAQ:LI - Get Rating) last announced its quarterly earnings results on Friday, December 9th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.25) by $0.01. The business had revenue of $1.31 billion during the quarter. Li Auto had a negative net margin of 4.80% and a negative return on equity of 4.35%. On average, analysts forecast that Li Auto Inc. will post -0.32 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several analysts recently commented on the stock. DBS Vickers assumed coverage on shares of Li Auto in a research report on Monday, November 28th. They issued a "buy" rating for the company. Barclays reduced their price target on shares of Li Auto from $40.00 to $25.00 and set an "overweight" rating for the company in a research report on Friday, October 28th. Jefferies Financial Group assumed coverage on shares of Li Auto in a research report on Monday, November 28th. They issued a "buy" rating and a $20.66 price target for the company. Finally, CLSA reduced their price target on shares of Li Auto from $49.00 to $31.00 in a research report on Thursday, December 15th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $37.05.
About Li Auto
Li Auto Inc, through its subsidiaries, designs, develops, manufactures, and sells new energy vehicles in the People's Republic of China. The company provides Li ONE, a six-seat smart electric sport utility vehicle that is equipped with smart vehicle solutions, navigation on ADAS, and automatic emergency breaking functionalities.
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