Prospera Financial Services Inc has purchased a new stake in the shares of Li Auto Inc. (NASDAQ: LI – Get 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: LI – Get 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
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.
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