Prospera Financial Services Inc buys shares of 2,525 Li Auto Inc. (NASDAQ:LI)

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Prospera Financial Services Inc has purchased a new stake in the shares of Li Auto Inc. (NASDAQ: LIGet a rating) during the first quarter, according to the company in its latest filing with the Securities & Exchange Commission. The institutional investor purchased 2,525 shares of the company, valued at approximately $65,000.

A number of other institutional investors have also recently changed their positions in the company. Xiamen Xinweidachuang Investment Partnership Limited Partnership purchased a new equity stake from Li Auto during Q4 with a value of $221,102,000. Hhlr Advisors Ltd. increased its stake in Li Auto shares by 363.6% in the 4th quarter. Hhlr Advisors Ltd. now owns 5,007,300 shares of the company worth $160,734,000 after purchasing an additional 3,927,300 shares during the period. Banco Santander SA increased its stake in Li Auto shares by 112.5% ​​during the 4th quarter. Banco Santander SA now owns 4,250,000 shares of the company worth $136,425,000 after purchasing an additional 2,250,000 shares during the period. Renaissance Technologies LLC increased its stake in Li Auto shares by 597.6% during the 4th quarter. Renaissance Technologies LLC now owns 1,713,900 shares of the company worth $55,016,000 after purchasing an additional 1,468,200 shares during the period. Finally, Capital Today Evergreen Fund LP bought a new position in shares of Li Auto during Q4 for a value of approximately $40,980,000. Hedge funds and other institutional investors hold 21.74% of the company’s shares.

Wall Street analysts predict growth

A number of research companies have recently commented on LI. Bank of America lowered its price target on Li Auto shares from $35.00 to $33.00 in a Tuesday, May 10 research note. Citigroup raised its price target on Li Auto shares from $26.80 to $58.60 and gave the company a “buy” rating in a Tuesday, June 21 research report. Finally, TheStreet upgraded Li Auto’s shares from a “d” rating to a “c-” rating in a Monday, June 6 research report. Twelve analysts rated the stock with a buy rating and one gave the company’s stock a strong buy rating. Based on data from MarketBeat.com, Li Auto has a consensus rating of “Buy” and an average target price of $42.69.

Li Auto trades down 2.0%

NASDAQ LI opened at $33.63 on Monday. The company has a quick ratio of 3.76, a current ratio of 3.89 and a leverage ratio of 0.17. The company has a market capitalization of $34.74 billion, a PE ratio of 3,363.00 and a beta of 0.32. The company has a 50-day moving average price of $34.30 and a 200-day moving average price of $28.60. Li Auto Inc. has a 52-week low of $16.86 and a 52-week high of $41.49.

Li Auto (NASDAQ: LIGet a rating) last released its quarterly earnings data on Tuesday, May 10. The company reported EPS of $0.23 for the quarter, beating the consensus estimate of ($0.56) by $0.79. The company posted revenue of $9.56 billion in the quarter, versus analyst estimates of $9.51 billion. Li Auto had a net margin of 0.09% and a return on equity of 0.08%. Li Auto’s revenue increased 167.5% year on year. During the same quarter of the previous year, the company posted an EPS of ($0.06). As a group, sell-side analysts expect Li Auto Inc. to post -0.86 EPS for the current fiscal year.

Li Auto Company Profile

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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 intelligent vehicle solutions, ADAS navigation and automatic emergency braking capabilities.

See also

Institutional ownership by quarter for Li Auto (NASDAQ:LI)



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