Cerity Partners LLC Makes New $324,000 Investment in Li Auto Inc. (NASDAQ:LI)

Cerity Partners LLC purchased a new position in Li Auto Inc. (NASDAQ:LI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 8,665 shares of the company’s stock, valued at approximately $324,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Ariose Capital Management Ltd purchased a new position in shares of Li Auto in the 4th quarter worth $29,555,000. Qube Research & Technologies Ltd purchased a new position in Li Auto during the third quarter valued at $24,312,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in Li Auto by 9.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 561,658 shares of the company’s stock valued at $20,023,000 after purchasing an additional 49,330 shares in the last quarter. American Century Companies Inc. lifted its position in Li Auto by 19.4% during the third quarter. American Century Companies Inc. now owns 296,355 shares of the company’s stock valued at $10,565,000 after purchasing an additional 48,089 shares in the last quarter. Finally, Aubrey Capital Management Ltd lifted its position in Li Auto by 2,566.0% during the third quarter. Aubrey Capital Management Ltd now owns 266,600 shares of the company’s stock valued at $9,388,000 after purchasing an additional 256,600 shares in the last quarter. 9.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LI has been the topic of a number of recent analyst reports. Barclays cut Li Auto from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $39.00 to $25.00 in a report on Thursday. The Goldman Sachs Group initiated coverage on Li Auto in a report on Wednesday, January 3rd. They set a “buy” rating on the stock. Bank of America decreased their price target on Li Auto from $60.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, March 18th. Macquarie began coverage on Li Auto in a report on Monday, April 15th. They set an “outperform” rating and a $40.00 price target on the stock. Finally, 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. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $45.36.

Li Auto Trading Up 6.7 %

Shares of NASDAQ LI opened at $25.04 on Friday. The business’s 50 day moving average is $32.95 and its two-hundred day moving average is $33.73. 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 Inc. has a 1-year low of $22.26 and a 1-year high of $47.33. The stock has a market capitalization of $26.57 billion, a P/E ratio of 16.15 and a beta of 1.04.

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

Li Auto Company Profile

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.