Handelsbanken Fonder AB Makes New $9.36 Million Investment in Li Auto Inc. (NASDAQ:LI)

Handelsbanken Fonder AB acquired a new stake in shares of Li Auto Inc. (NASDAQ:LI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 250,000 shares of the company's stock, valued at approximately $9,358,000.

Other large investors have also added to or reduced their stakes in the company. Concourse Financial Group Securities Inc. lifted its stake in shares of Li Auto by 186.0% in the third quarter. Concourse Financial Group Securities Inc. now owns 1,430 shares of the company's stock worth $51,000 after buying an additional 930 shares in the last quarter. Rakuten Securities Inc. purchased a new stake in Li Auto during the 4th quarter valued at $57,000. CWM LLC boosted its stake in Li Auto by 59.5% during the 3rd quarter. CWM LLC now owns 1,812 shares of the company's stock valued at $65,000 after purchasing an additional 676 shares during the last quarter. Employees Retirement System of Texas bought a new stake in shares of Li Auto in the 3rd quarter worth $130,000. Finally, Ballentine Partners LLC purchased a new position in shares of Li Auto in the fourth quarter worth $223,000. Hedge funds and other institutional investors own 9.88% of the company's stock.

Li Auto Price Performance

Shares of NASDAQ LI traded down $0.40 during midday trading on Thursday, reaching $23.47. 6,803,232 shares of the stock traded hands, compared to its average volume of 8,147,236. The company's 50 day moving average is $33.08 and its 200 day moving average is $33.80. Li Auto Inc. has a one year low of $22.23 and a one year high of $47.33. The stock has a market capitalization of $24.90 billion, a PE ratio of 15.14 and a beta of 1.04. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.48.

Li Auto (NASDAQ:LI - Get Free Report) last released its quarterly earnings results on Monday, February 26th. The company reported $0.49 EPS for the quarter. Li Auto had a return on equity of 18.37% and a net margin of 9.44%. The company had revenue of $5.88 billion during the quarter. On average, equities research analysts anticipate that Li Auto Inc. will post 1.97 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have commented on LI. Macquarie started coverage on shares of Li Auto in a research report on Monday, April 15th. They issued an "outperform" rating and a $40.00 target price for the company. Citigroup reduced their price objective on Li Auto from $57.30 to $48.50 and set a "buy" rating for the company in a research report on Friday, March 22nd. The Goldman Sachs Group assumed coverage on shares of Li Auto in a research note on Wednesday, January 3rd. They issued a "buy" rating on the stock. Barclays lowered shares of Li Auto from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $39.00 to $25.00 in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Li Auto from a "hold" rating to a "buy" rating and dropped their price target for the stock from $45.00 to $41.00 in a research note on Tuesday, February 6th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Li Auto has an average rating of "Moderate Buy" and an average price target of $45.36.

Li Auto 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.