Jupiter Asset Management Ltd. decreased its position in shares of Li Auto Inc. (NASDAQ:LI – Get Rating) by 36.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 37,000 shares of the company’s stock after selling 21,400 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Li Auto were worth $851,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. CloudAlpha Capital Management Limited Hong Kong bought a new position in shares of Li Auto during the 3rd quarter worth $3,682,000. Edmond DE Rothschild Holding S.A. boosted its stake in Li Auto by 20.3% in the 3rd quarter. Edmond DE Rothschild Holding S.A. now owns 99,724 shares of the company’s stock worth $2,295,000 after purchasing an additional 16,810 shares during the period. California Public Employees Retirement System boosted its stake in Li Auto by 21.1% in the 3rd quarter. California Public Employees Retirement System now owns 1,160,542 shares of the company’s stock worth $26,704,000 after purchasing an additional 201,837 shares during the period. Allianz Asset Management GmbH boosted its stake in Li Auto by 7.5% in the 3rd quarter. Allianz Asset Management GmbH now owns 15,864 shares of the company’s stock worth $365,000 after purchasing an additional 1,107 shares during the period. Finally, IFP Advisors Inc boosted its stake in Li Auto by 4.8% in the 3rd quarter. IFP Advisors Inc now owns 24,784 shares of the company’s stock worth $414,000 after purchasing an additional 1,124 shares during the period. Institutional investors own 20.97% of the company’s stock.
Analysts Set New Price Targets
Several research analysts have commented on the company. Jefferies Financial Group assumed coverage on Li Auto in a research note on Monday, November 28th. They issued a “buy” rating and a $20.66 target price for the company. CLSA cut their target price on Li Auto from $49.00 to $31.00 in a research note on Thursday, December 15th. Citigroup raised their target price on Li Auto from $48.00 to $51.50 and gave the stock a “buy” rating in a research note on Thursday, February 9th. DBS Vickers started coverage on Li Auto in a research note on Monday, November 28th. They issued a “buy” rating for the company. Finally, HSBC lowered their price target on Li Auto from $42.00 to $35.00 in a report on Tuesday, February 7th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $36.26.
Li Auto Price Performance
Shares of NASDAQ LI opened at $24.96 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.83 and a quick ratio of 2.58. Li Auto Inc. has a 1-year low of $12.52 and a 1-year high of $41.49. The stock’s 50-day moving average is $22.31 and its 200 day moving average is $23.10.
Li Auto (NASDAQ:LI – Get Rating) last announced its quarterly earnings data on Friday, December 9th. The company reported ($0.24) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.01. The company had revenue of $1.31 billion for the quarter. Li Auto had a negative return on equity of 4.35% and a negative net margin of 4.80%. On average, equities research analysts expect that Li Auto Inc. will post -0.32 earnings per share 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 smart vehicle solutions, navigation on ADAS, and automatic emergency breaking functionalities.
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