abrdn plc Grows Stake in Li Auto Inc. (NASDAQ:LI)

abrdn plc raised its stake in Li Auto Inc. (NASDAQ:LIGet Rating) by 1.9% during the first quarter, HoldingsChannel reports. The fund owned 77,854 shares of the company’s stock after buying an additional 1,428 shares during the period. abrdn plc’s holdings in Li Auto were worth $2,009,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Signaturefd LLC grew its stake in shares of Li Auto by 36.5% in the first quarter. Signaturefd LLC now owns 3,854 shares of the company’s stock worth $99,000 after acquiring an additional 1,031 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Li Auto by 3.1% during the first quarter. SG Americas Securities LLC now owns 702,250 shares of the company’s stock valued at $18,125,000 after buying an additional 21,140 shares during the last quarter. WT Asset Management Ltd boosted its position in shares of Li Auto by 13.9% during the first quarter. WT Asset Management Ltd now owns 6,439,983 shares of the company’s stock valued at $166,216,000 after buying an additional 788,169 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Li Auto by 9.4% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,310,381 shares of the company’s stock valued at $33,821,000 after buying an additional 112,887 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Li Auto by 13.4% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 10,440 shares of the company’s stock valued at $269,000 after buying an additional 1,233 shares during the last quarter. 21.74% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on LI. Citigroup increased their price objective on Li Auto from $26.80 to $58.60 and gave the company a “buy” rating in a research report on Tuesday, June 21st. UBS Group increased their price objective on Li Auto from $47.00 to $52.00 and gave the company a “buy” rating in a research report on Monday, April 4th. Bank of America dropped their price objective on Li Auto from $35.00 to $33.00 in a research report on Tuesday, May 10th. Finally, TheStreet raised Li Auto from a “d” rating to a “c-” rating in a report on Monday, June 6th. Twelve analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $42.69.

Li Auto Stock Up 3.8 %

NASDAQ LI opened at $34.10 on Tuesday. The stock’s 50-day moving average price is $33.43 and its 200-day moving average price is $28.48. The company has a quick ratio of 3.76, a current ratio of 3.89 and a debt-to-equity ratio of 0.17. Li Auto Inc. has a 52 week low of $16.86 and a 52 week high of $41.49. The company has a market capitalization of $35.22 billion, a P/E ratio of 3,410.00 and a beta of 0.32.

Li Auto (NASDAQ:LIGet Rating) last posted its quarterly earnings data on Tuesday, May 10th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of ($0.56) by $0.79. The firm had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $9.51 billion. Li Auto had a return on equity of 0.08% and a net margin of 0.09%. The business’s revenue for the quarter was up 167.5% compared to the same quarter last year. During the same quarter last year, the company earned ($0.06) earnings per share. On average, equities research analysts predict that Li Auto Inc. will post -0.82 earnings per share for the current year.

Li Auto 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 smart vehicle solutions, navigation on ADAS, and automatic emergency breaking functionalities.

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Institutional Ownership by Quarter for Li Auto (NASDAQ:LI)

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