Handelsbanken Fonder AB Buys Shares of 250,000 Li Auto Inc. (NASDAQ:LI)

Handelsbanken Fonder AB bought a new stake in Li Auto Inc. (NASDAQ:LI) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 250,000 shares of the company’s stock, valued at approximately $9,358,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Advisors Asset Management Inc. lifted its holdings in shares of Li Auto by 3.4% in the third quarter. Advisors Asset Management Inc. now owns 14,458 shares of the company’s stock valued at $515,000 after purchasing an additional 469 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Li Auto by 7.1% in the third quarter. Signaturefd LLC now owns 8,613 shares of the company’s stock valued at $307,000 after purchasing an additional 569 shares in the last quarter. CWM LLC lifted its holdings in shares of Li Auto by 59.5% in the third quarter. CWM LLC now owns 1,812 shares of the company’s stock valued at $65,000 after purchasing an additional 676 shares in the last quarter. Caprock Group LLC lifted its holdings in shares of Li Auto by 10.0% in the fourth quarter. Caprock Group LLC now owns 8,814 shares of the company’s stock valued at $330,000 after purchasing an additional 802 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Li Auto by 4.4% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 19,650 shares of the company’s stock valued at $701,000 after purchasing an additional 823 shares in the last quarter. 9.88% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on LI. Deutsche Bank Aktiengesellschaft upgraded Li Auto from a “hold” rating to a “buy” rating and cut their price target for the company from $45.00 to $41.00 in a report on Tuesday, February 6th. Bank of America cut 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. Barclays reduced their price target on Li Auto from $56.00 to $39.00 and set an “overweight” rating for the company in a research report on Friday, March 22nd. Citigroup lowered their price target on Li Auto from $57.30 to $48.50 and set a “buy” rating on the stock in a research report on Friday, March 22nd. Finally, The Goldman Sachs Group started coverage on Li Auto in a research report on Wednesday, January 3rd. They set a “buy” rating on the stock. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Li Auto has an average rating of “Buy” and a consensus target price of $47.36.

Li Auto Stock Down 3.8 %

LI opened at $23.87 on Thursday. Li Auto Inc. has a 1-year low of $21.48 and a 1-year high of $47.33. The stock’s fifty day simple moving average is $33.23 and its 200 day simple moving average is $33.87. The company has a current ratio of 1.57, a quick ratio of 1.48 and a debt-to-equity ratio of 0.03. The stock has a market cap of $25.33 billion, a PE ratio of 15.40 and a beta of 1.04.

Li Auto (NASDAQ:LI) last posted its quarterly earnings results 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 business had revenue of $5.88 billion for the quarter. As a group, research analysts expect that Li Auto Inc. will post 1.97 earnings per share for the current year.

Li Auto 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.