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

International Assets Investment Management LLC acquired a new stake in Li Auto Inc. (NASDAQ:LI) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 11,229 shares of the company’s stock, valued at approximately $420,000.

Several other large investors have also recently made changes to their positions in LI. Deutsche Bank AG increased its position in shares of Li Auto by 100.8% during the third quarter. Deutsche Bank AG now owns 15,273 shares of the company’s stock worth $544,000 after purchasing an additional 1,990,089 shares in the last quarter. Ariose Capital Management Ltd purchased a new stake in shares of Li Auto during the fourth quarter worth approximately $29,555,000. Qube Research & Technologies Ltd purchased a new stake in shares of Li Auto during the third quarter worth approximately $24,312,000. Aubrey Capital Management Ltd increased its position in shares of Li Auto by 2,566.0% during the third quarter. Aubrey Capital Management Ltd now owns 266,600 shares of the company’s stock worth $9,388,000 after purchasing an additional 256,600 shares in the last quarter. Finally, XY Capital Ltd acquired a new position in Li Auto during the fourth quarter worth $9,211,000. 9.88% of the stock is currently owned by hedge funds and other institutional investors.

Li Auto Stock Performance

Shares of Li Auto stock opened at $23.47 on Friday. Li Auto Inc. has a 52 week low of $22.23 and a 52 week high of $47.33. The business’s fifty day simple moving average is $33.08 and its 200-day simple moving average is $33.80. The firm has a market cap of $24.90 billion, a PE ratio of 15.14 and a beta of 1.04. The company has a quick ratio of 1.48, a current ratio of 1.57 and a debt-to-equity ratio of 0.03.

Li Auto (NASDAQ:LI) last posted its quarterly earnings data on Monday, February 26th. The company reported $0.49 earnings per share (EPS) for the quarter. The firm 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 year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on LI shares. Barclays lowered Li Auto from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $39.00 to $25.00 in a research note on Thursday. Macquarie started coverage on Li Auto in a research note on Monday, April 15th. They set an “outperform” rating and a $40.00 price objective on the stock. Bank of America lowered their price objective on Li Auto from $60.00 to $55.00 and set a “buy” rating on the stock in a research note on Monday, March 18th. Deutsche Bank Aktiengesellschaft raised Li Auto from a “hold” rating to a “buy” rating and decreased their price target for the company from $45.00 to $41.00 in a research note on Tuesday, February 6th. Finally, Morgan Stanley decreased their price target on Li Auto from $74.00 to $65.00 and set an “overweight” rating on the stock in a research note on Monday, March 25th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Li Auto currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.36.

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.