IFM Investors Pty Ltd purchased a new stake in Li Auto Inc. (NASDAQ:LI – Get 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:LI – Get 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.
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