Aubrey Capital Management Ltd Has $12.17 Million Stock Holdings in Li Auto Inc. (NASDAQ:LI)

Aubrey Capital Management Ltd increased its position in shares of Li Auto Inc. (NASDAQ:LI - Free Report) by 22.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 325,200 shares of the company's stock after purchasing an additional 58,600 shares during the quarter. Li Auto accounts for approximately 5.2% of Aubrey Capital Management Ltd's investment portfolio, making the stock its 8th largest position. Aubrey Capital Management Ltd's holdings in Li Auto were worth $12,172,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Concourse Financial Group Securities Inc. raised its stake in Li Auto by 186.0% during the third quarter. Concourse Financial Group Securities Inc. now owns 1,430 shares of the company's stock worth $51,000 after acquiring an additional 930 shares in the last quarter. Rakuten Securities Inc. acquired a new position in Li Auto during the fourth quarter worth about $57,000. CWM LLC raised its stake in Li Auto by 59.5% during the third quarter. CWM LLC now owns 1,812 shares of the company's stock worth $65,000 after acquiring an additional 676 shares in the last quarter. Employees Retirement System of Texas acquired a new position in Li Auto during the third quarter worth about $130,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Li Auto during the third quarter worth about $215,000. Institutional investors own 9.88% of the company's stock.

Li Auto Stock Up 6.7 %

Shares of LI traded up $1.57 during trading hours on Friday, reaching $25.04. The stock had a trading volume of 12,984,974 shares, compared to its average volume of 6,822,057. Li Auto Inc. has a 12 month low of $22.26 and a 12 month high of $47.33. The firm has a 50-day simple moving average of $32.95 and a 200 day simple moving average of $33.73. The company has a current ratio of 1.57, a quick ratio of 1.48 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $26.57 billion, a price-to-earnings ratio of 16.15 and a beta of 1.04.

Li Auto (NASDAQ:LI - Get Free Report) last issued its quarterly earnings data on Monday, February 26th. The company reported $0.49 earnings per share for the quarter. Li Auto had a return on equity of 18.37% and a net margin of 9.44%. The business had revenue of $5.88 billion for the quarter. Equities research analysts predict that Li Auto Inc. will post 1.97 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on LI. Bank of America lowered their target price on Li Auto from $60.00 to $55.00 and set a "buy" rating for the company in a research note on Monday, March 18th. Barclays downgraded Li Auto from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $39.00 to $25.00 in a research note on Thursday. Macquarie started coverage on Li Auto in a research note on Monday, April 15th. They issued an "outperform" rating and a $40.00 price objective for the company. Citigroup lowered their price objective on Li Auto from $57.30 to $48.50 and set a "buy" rating for the company in a research note on Friday, March 22nd. Finally, Morgan Stanley lowered their price objective on Li Auto from $74.00 to $65.00 and set an "overweight" rating for the company in a research note on Monday, March 25th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $45.36.

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.