Navellier & Associates Inc. acquired a new stake in Li Auto Inc. (NASDAQ:LI - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 95,370 shares of the company's stock, valued at approximately $3,570,000.
Several other large investors also recently modified their holdings of LI. Advisors Asset Management Inc. lifted its stake in Li Auto by 3.4% in the third quarter. Advisors Asset Management Inc. now owns 14,458 shares of the company's stock valued at $515,000 after buying an additional 469 shares during the period. Signaturefd LLC increased its stake in Li Auto by 7.1% in the third quarter. Signaturefd LLC now owns 8,613 shares of the company's stock valued at $307,000 after purchasing an additional 569 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Li Auto by 7.6% during the fourth quarter. Quadrant Capital Group LLC now owns 10,497 shares of the company's stock valued at $393,000 after purchasing an additional 745 shares during the period. Caprock Group LLC raised its holdings in shares of Li Auto by 10.0% during the fourth quarter. Caprock Group LLC now owns 8,814 shares of the company's stock valued at $330,000 after purchasing an additional 802 shares during the period. Finally, Vanguard Personalized Indexing Management LLC boosted its position in shares of Li Auto by 4.4% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 19,650 shares of the company's stock worth $701,000 after purchasing an additional 823 shares in the last quarter. 9.88% of the stock is currently owned by institutional investors and hedge funds.
Li Auto Stock Performance
Li Auto stock traded down $0.30 during mid-day trading on Friday, reaching $24.89. The company's stock had a trading volume of 8,138,730 shares, compared to its average volume of 9,446,997. The company has a market capitalization of $26.41 billion, a P/E ratio of 16.06 and a beta of 1.10. The firm's fifty day moving average price is $29.54 and its two-hundred day moving average price is $33.01. Li Auto Inc. has a 12-month low of $23.04 and a 12-month high of $47.33. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.48 and a current ratio of 1.57.
Li Auto (NASDAQ:LI - Get Free Report) last issued its 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 business had revenue of $5.88 billion during the quarter. Sell-side analysts predict that Li Auto Inc. will post 1.5 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Li Auto from a "hold" rating to a "buy" rating and lowered their price objective for the stock from $45.00 to $41.00 in a report on Tuesday, February 6th. Citigroup lowered their target price on shares of Li Auto from $57.30 to $48.50 and set a "buy" rating on the stock in a report on Friday, March 22nd. Barclays downgraded Li Auto from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $39.00 to $25.00 in a research note on Thursday, April 25th. Macquarie assumed 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. Finally, Morgan Stanley cut their target price on Li Auto from $74.00 to $65.00 and set an "overweight" rating on the stock in a research report on Monday, March 25th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Li Auto has a consensus rating of "Moderate Buy" and an average price target of $45.36.
Get Our Latest Stock Analysis on Li Auto
Li Auto Company Profile
(
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.
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