October 5, 2022

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IFM Investors Pty Ltd Takes $642,000 Position in Li Auto Inc. (NASDAQ:LI)

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IFM Investors Pty Ltd purchased a new stake in Li Auto Inc. (NASDAQ:LIGet Rating) in the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 24,891 shares of the company’s stock, valued at approximately $642,000.

Several other institutional investors have also recently bought and sold shares of the company. Comerica Bank grew its stake in shares of Li Auto by 6.4% in the 3rd quarter. Comerica Bank now owns 8,271 shares of the company’s stock valued at $267,000 after buying an additional 499 shares during the period. Signaturefd LLC grew its stake in shares of Li Auto by 52.6% in the 4th quarter. Signaturefd LLC now owns 2,823 shares of the company’s stock valued at $91,000 after buying an additional 973 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Li Auto by 0.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 542,384 shares of the company’s stock worth $17,411,000 after acquiring an additional 1,468 shares during the last quarter. abrdn plc lifted its holdings in shares of Li Auto by 2.3% in the 4th quarter. abrdn plc now owns 76,426 shares of the company’s stock worth $2,453,000 after acquiring an additional 1,723 shares during the last quarter. Finally, IFP Advisors Inc lifted its holdings in shares of Li Auto by 7.9% in the 4th quarter. IFP Advisors Inc now owns 25,015 shares of the company’s stock worth $800,000 after acquiring an additional 1,840 shares during the last quarter. 21.74% of the stock is owned by institutional investors and hedge funds.

NASDAQ LI opened at $37.70 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.89 and a quick ratio of 3.76. The firm’s fifty day moving average price is $27.34 and its 200 day moving average price is $27.54. The company has a market capitalization of $38.68 billion, a price-to-earnings ratio of 3,770.00 and a beta of 1.73. Li Auto Inc. has a 12 month low of $16.86 and a 12 month high of $41.49.

Li Auto (NASDAQ:LIGet Rating) last posted its earnings results on Tuesday, May 10th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of ($0.56) by $0.79. The firm had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $9.51 billion. Li Auto had a net margin of 0.09% and a return on equity of 0.08%. The company’s revenue was up 167.5% on a year-over-year basis. During the same period last year, the firm posted ($0.06) EPS. As a group, sell-side analysts forecast that Li Auto Inc. will post -0.82 earnings per share for the current year.

Several equities analysts have recently commented on the stock. UBS Group upped their price objective on shares of Li Auto from $47.00 to $52.00 and gave the stock a “buy” rating in a report on Monday, April 4th. assumed coverage on shares of Li Auto in a report on Thursday, March 24th. They issued a “buy” rating and a $37.20 price objective on the stock. Morgan Stanley decreased their price objective on shares of Li Auto from $49.00 to $41.00 and set an “overweight” rating on the stock in a report on Wednesday, March 23rd. HSBC began coverage on shares of Li Auto in a report on Friday, April 1st. They set a “buy” rating and a $35.00 target price on the stock. Finally, Bank of America reduced their target price on shares of Li Auto from $35.00 to $33.00 in a report on Tuesday, May 10th. Twelve investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $42.69.

Li Auto Profile (Get Rating)

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.

See Also

Want to see what other hedge funds are holding LI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Li Auto Inc. (NASDAQ:LIGet Rating).

Institutional Ownership by Quarter for Li Auto (NASDAQ:LI)



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