Redpoint Investment Management Pty Ltd acquired a new stake in Li Auto Inc. (NASDAQ:LI – Get Rating) during the first quarter, HoldingsChannel reports. The company acquired 16,419 shares of the company, valued at approximately $424,000.
Other institutional investors have also recently changed their stake in the company. KBC Group NV increased its shareholding in Li Auto by 215.4% in the fourth quarter. KBC Group NV now owns 98,793 shares in the company worth $3,171,000 after acquiring an additional 67,470 shares during the period. American Century Companies Inc. increased its stake in Li Auto shares by 13.3% during the fourth quarter. American Century Companies Inc. now owns 42,830 shares of the company worth $1,375,000 after acquiring an additional 5,030 shares during the period. Barings LLC increased its stake in Li Auto shares by 120.7% during the fourth quarter. Barings LLC now owns 252,429 shares of the company worth $8,103,000 after acquiring an additional 138,067 shares during the period. IFP Advisors Inc increased its stake in Li Auto shares by 7.9% during the fourth quarter. IFP Advisors Inc now owns 25,015 shares of the company worth $800,000 after acquiring an additional 1,840 shares during the period. Finally, Invesco Ltd. increased its stake in Li Auto shares by 47.4% during the fourth quarter. Invesco Ltd. now owns 1,125,873 shares of the company worth $36,142,000 after acquiring an additional 361,813 shares during the period. Institutional investors and hedge funds hold 21.74% of the company’s shares.
NASDAQ LI shares opened at $40.79 on Friday. Li Auto Inc. has a 12-month low of $16.86 and a 12-month high of $41.49. The company has a market capitalization of $41.85 billion, a PE ratio of 4,079.00 and a beta of 1.73. The company has a debt ratio of 0.17, a current ratio of 3.89 and a quick ratio of 3.76. The company’s 50-day moving average is $25.92 and its two-hundred-day moving average is $27.30.
Li Auto (NASDAQ:LI – Get Rating) last reported quarterly earnings data on Tuesday, May 10. The company reported earnings per share (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 for the quarter, versus a 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 quarterly revenue increased by 167.5% compared to the same quarter last year. In the same quarter a year earlier, the company posted ($0.06) earnings per share. On average, analysts expect Li Auto Inc. to post -0.34 EPS for the current fiscal year.
LI has been the subject of several recent analyst reports. TheStreet upgraded Li Auto’s shares from a ‘d’ rating to a ‘c-‘ rating in a Monday, June 6 research report. UBS Group raised its price target on Li Auto shares from $47.00 to $52.00 and gave the stock a “buy” rating in a Monday, April 4 research report. launched coverage on Li Auto shares in a research report on Thursday, March 24. They set a “buy” rating and a target price of $37.20 on the stock. HSBC launched coverage on Li Auto shares in a research report on Friday, April 1. They set a “buy” rating and a target price of $35.00 on the stock. Finally, Barclays raised its price target on Li Auto shares from $38.00 to $40.00 and gave the stock an “overweight” rating in a Monday, February 28 research report. Twelve research analysts rated the stock with a buy rating and one gave the stock a strong buy rating. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $42.69.
About Li Auto (Get a 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 intelligent vehicle solutions, ADAS navigation and automatic emergency braking capabilities.
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