International Assets Investment Management LLC Makes New $420,000 Investment in Li Auto Inc. (NASDAQ:LI)

International Assets Investment Management LLC purchased a new position in shares of Li Auto Inc. (NASDAQ:LI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,229 shares of the company’s stock, valued at approximately $420,000.

Several other hedge funds also recently bought and sold shares of LI. CWM LLC boosted its holdings in shares of Li Auto by 59.5% during the third quarter. CWM LLC now owns 1,812 shares of the company’s stock worth $65,000 after purchasing an additional 676 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Li Auto by 100.9% during the third quarter. SG Americas Securities LLC now owns 11,249 shares of the company’s stock worth $401,000 after purchasing an additional 5,650 shares during the last quarter. Stratos Wealth Partners LTD. acquired a new stake in shares of Li Auto during the third quarter worth $245,000. Concourse Financial Group Securities Inc. boosted its holdings in shares of Li Auto by 186.0% during the third quarter. Concourse Financial Group Securities Inc. now owns 1,430 shares of the company’s stock worth $51,000 after purchasing an additional 930 shares during the last quarter. Finally, Calamos Wealth Management LLC acquired a new stake in shares of Li Auto during the third quarter worth $1,121,000. Hedge funds and other institutional investors own 9.88% of the company’s stock.

Wall Street Analyst Weigh In

LI has been the topic of several analyst reports. Macquarie started coverage on Li Auto in a report on Monday, April 15th. They set an “outperform” rating and a $40.00 price objective on the stock. Bank of America reduced their target price on Li Auto from $60.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, March 18th. Morgan Stanley reduced their target price on Li Auto from $74.00 to $65.00 and set an “overweight” rating on the stock in a report on Monday, March 25th. Barclays cut Li Auto from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $39.00 to $25.00 in a report on Thursday. Finally, Citigroup reduced their target price on Li Auto from $57.30 to $48.50 and set a “buy” rating on the stock in a report on Friday, March 22nd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $45.36.

Li Auto Trading Down 1.7 %

Shares of LI opened at $23.47 on Friday. The stock’s 50-day moving average is $33.08 and its two-hundred day moving average is $33.80. The stock has a market cap of $24.90 billion, a PE ratio of 15.14 and a beta of 1.04. Li Auto Inc. has a 12 month low of $22.23 and a 12 month high of $47.33. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.48.

Li Auto (NASDAQ:LI) last issued its quarterly earnings data on Monday, February 26th. The company reported $0.49 EPS for the quarter. The company had revenue of $5.88 billion for the quarter. Li Auto had a return on equity of 18.37% and a net margin of 9.44%. Equities analysts forecast that Li Auto Inc. will post 1.97 earnings per share for the current fiscal year.

About Li Auto

Li Auto Inc operates in the energy vehicle market in the People's Republic of China. It designs, develops, manufactures, and sells premium smart electric vehicles. The company's product line comprises MPVs and sport utility vehicles. It offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment.