Susquehanna International Securities Ltd. Acquires New Holdings in Li Auto Inc. (NASDAQ:LI)

Susquehanna International Securities Ltd. bought a new position in Li Auto Inc. (NASDAQ:LI) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 14,377 shares of the company’s stock, valued at approximately $257,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Li Auto by 58.7% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,549 shares of the company’s stock valued at $28,000 after purchasing an additional 573 shares during the period. Corient Private Wealth LLC raised its position in shares of Li Auto by 5.3% during the 4th quarter. Corient Private Wealth LLC now owns 12,664 shares of the company’s stock worth $474,000 after buying an additional 641 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Li Auto by 7.0% during the 1st quarter. SG Americas Securities LLC now owns 10,427 shares of the company’s stock worth $316,000 after buying an additional 685 shares in the last quarter. China Universal Asset Management Co. Ltd. lifted its stake in shares of Li Auto by 2.6% in the 2nd quarter. China Universal Asset Management Co. Ltd. now owns 31,000 shares of the company’s stock worth $554,000 after acquiring an additional 800 shares during the period. Finally, US Bancorp DE boosted its holdings in shares of Li Auto by 5.2% in the first quarter. US Bancorp DE now owns 19,784 shares of the company’s stock valued at $599,000 after acquiring an additional 970 shares in the last quarter. Institutional investors own 9.88% of the company’s stock.

Wall Street Analyst Weigh In

LI has been the subject of several research analyst reports. JPMorgan Chase & Co. cut their price objective on Li Auto from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Thursday, August 29th. Bank of America upped their price target on shares of Li Auto from $30.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Finally, Citigroup lifted their price objective on shares of Li Auto from $21.60 to $25.50 and gave the stock a “neutral” rating in a research note on Tuesday. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $33.07.

Li Auto Price Performance

NASDAQ LI opened at $25.78 on Friday. The company has a 50 day simple moving average of $20.17 and a 200-day simple moving average of $23.19. Li Auto Inc. has a 52-week low of $17.44 and a 52-week high of $46.44. The firm has a market capitalization of $27.35 billion, a price-to-earnings ratio of 17.19 and a beta of 0.96. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.76 and a quick ratio of 1.63.

Li Auto (NASDAQ:LI) last released its quarterly earnings data on Wednesday, August 28th. The company reported $0.14 earnings per share (EPS) for the quarter. Li Auto had a return on equity of 13.70% and a net margin of 7.65%. The firm had revenue of $4.36 billion during the quarter.

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.