Redpoint Investment Management Pty Ltd acquires shares of 16,419 Li Auto Inc. (NASDAQ: LI)

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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.

Further reading

Want to see what other hedge funds hold LI? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Li Auto Inc. (NASDAQ:LI – Get Rating).

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



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