Acadian Asset Management LLC Acquires Shares of 9,062 Li Auto Inc. (NASDAQ:LI)

Acadian Asset Management LLC acquired a new stake in shares of Li Auto Inc. (NASDAQ:LI) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 9,062 shares of the company’s stock, valued at approximately $318,000.

A number of other institutional investors have also modified their holdings of LI. abrdn plc increased its stake in shares of Li Auto by 0.9% in the 2nd quarter. abrdn plc now owns 27,844 shares of the company’s stock valued at $977,000 after purchasing an additional 247 shares in the last quarter. CWM LLC increased its stake in shares of Li Auto by 28.5% in the 2nd quarter. CWM LLC now owns 1,136 shares of the company’s stock valued at $40,000 after purchasing an additional 252 shares in the last quarter. Signaturefd LLC increased its stake in shares of Li Auto by 9.0% in the 1st quarter. Signaturefd LLC now owns 6,109 shares of the company’s stock valued at $152,000 after purchasing an additional 502 shares in the last quarter. LPL Financial LLC increased its stake in shares of Li Auto by 3.3% in the 2nd quarter. LPL Financial LLC now owns 16,198 shares of the company’s stock valued at $569,000 after purchasing an additional 521 shares in the last quarter. Finally, Creative Planning increased its stake in shares of Li Auto by 2.8% in the 2nd quarter. Creative Planning now owns 19,438 shares of the company’s stock valued at $745,000 after purchasing an additional 521 shares in the last quarter. Hedge funds and other institutional investors own 9.18% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Barclays lifted their price target on Li Auto from $34.00 to $48.00 and gave the company an “overweight” rating in a research note on Thursday, August 10th. Bank of America lifted their price objective on Li Auto from $56.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, August 16th. TheStreet upgraded Li Auto from a “c” rating to a “b-” rating in a report on Monday, August 28th. Finally, Citigroup lifted their price objective on Li Auto from $208.80 to $250.30 in a report on Thursday, August 10th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $70.42.

Li Auto Trading Up 5.0 %

Shares of Li Auto stock opened at $40.80 on Friday. The stock has a market cap of $43.29 billion, a P/E ratio of 48.57 and a beta of 0.96. The stock’s 50 day simple moving average is $36.43 and its 200-day simple moving average is $35.82. Li Auto Inc. has a 1-year low of $16.22 and a 1-year high of $47.33. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.69 and a quick ratio of 1.59.

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 and Li L series smart electric vehicles. It also offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment.