B. Metzler seel. Sohn & Co. Holding AG Invests $970,000 in Li Auto Inc. (NASDAQ:LI)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Li Auto Inc. (NASDAQ:LI) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 37,824 shares of the company’s stock, valued at approximately $970,000.

Other institutional investors have also modified their holdings of the company. Venturi Wealth Management LLC bought a new position in Li Auto in the 3rd quarter worth about $50,000. Ground Swell Capital LLC bought a new position in Li Auto in the 3rd quarter worth about $231,000. Van ECK Associates Corp grew its position in Li Auto by 4.3% in the 3rd quarter. Van ECK Associates Corp now owns 219,995 shares of the company’s stock worth $5,955,000 after purchasing an additional 9,008 shares during the last quarter. Janney Montgomery Scott LLC grew its position in Li Auto by 43.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 43,137 shares of the company’s stock worth $1,106,000 after purchasing an additional 13,139 shares during the last quarter. Finally, China Universal Asset Management Co. Ltd. grew its position in Li Auto by 12.9% in the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 35,000 shares of the company’s stock worth $898,000 after purchasing an additional 4,000 shares during the last quarter. Institutional investors own 9.88% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. JPMorgan Chase & Co. decreased their target price on shares of Li Auto from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Thursday, August 29th. Macquarie reaffirmed a “neutral” rating and issued a $33.00 price target (up from $25.00) on shares of Li Auto in a research note on Friday, October 4th. Citigroup upped their price target on shares of Li Auto from $25.50 to $29.60 and gave the stock a “neutral” rating in a research note on Monday, September 30th. Bank of America upped their price target on shares of Li Auto from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Finally, Barclays upped their price target on shares of Li Auto from $22.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Four analysts have rated the stock with a hold rating and four have assigned 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 $33.94.

Li Auto Stock Down 1.4 %

LI stock opened at $22.28 on Friday. Li Auto Inc. has a 12 month low of $17.44 and a 12 month high of $46.44. The firm has a market cap of $23.64 billion, a PE ratio of 16.50, a P/E/G ratio of 2.16 and a beta of 0.99. The firm has a 50 day simple moving average of $25.15 and a 200 day simple moving average of $21.97. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.76 and a quick ratio of 1.64.

Li Auto (NASDAQ:LI) last released its earnings results on Wednesday, August 28th. The company reported $0.14 EPS for the quarter. Li Auto had a net margin of 7.20% and a return on equity of 13.03%. The business had revenue of $4.36 billion during the quarter. Equities research analysts forecast that Li Auto Inc. will post 1.04 earnings per share for the current fiscal 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.