Signaturefd LLC Buys 2,953 Shares of Li Auto Inc. (NASDAQ:LI)

Signaturefd LLC increased its stake in shares of Li Auto Inc. (NASDAQ:LI) by 43.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,756 shares of the company’s stock after acquiring an additional 2,953 shares during the quarter. Signaturefd LLC’s holdings in Li Auto were worth $250,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Li Auto during the second quarter valued at $21,626,000. SIH Partners LLLP lifted its position in Li Auto by 508.2% during the first quarter. SIH Partners LLLP now owns 890,900 shares of the company’s stock valued at $26,976,000 after purchasing an additional 744,419 shares during the last quarter. FIFTHDELTA Ltd bought a new position in Li Auto during the first quarter valued at $14,816,000. SG Americas Securities LLC lifted its position in Li Auto by 806.4% during the third quarter. SG Americas Securities LLC now owns 167,407 shares of the company’s stock valued at $4,294,000 after purchasing an additional 148,937 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in Li Auto by 20.5% during the second quarter. American Century Companies Inc. now owns 726,684 shares of the company’s stock valued at $12,993,000 after purchasing an additional 123,838 shares during the last quarter. Institutional investors own 9.88% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on LI shares. Citigroup increased their price objective on shares of Li Auto from $25.50 to $29.60 and gave the company a “neutral” rating in a research report on Monday, September 30th. Macquarie reissued a “neutral” rating and issued a $33.00 target price (up previously from $25.00) on shares of Li Auto in a research note on Friday, October 4th. Bank of America increased their target price on shares of Li Auto from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Li Auto from $21.00 to $19.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Li Auto currently has an average rating of “Moderate Buy” and a consensus price target of $32.66.

Li Auto Trading Up 5.1 %

LI stock opened at $28.79 on Friday. The company has a market capitalization of $30.55 billion, a PE ratio of 21.49, a P/E/G ratio of 5.33 and a beta of 0.98. Li Auto Inc. has a 12 month low of $17.44 and a 12 month high of $46.44. The firm’s 50-day moving average is $23.28 and its 200 day moving average is $22.39. 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 posted its quarterly earnings results on Wednesday, August 28th. The company reported $0.14 EPS for the quarter. The company had revenue of $4.36 billion for the quarter. Li Auto had a net margin of 7.65% and a return on equity of 13.70%. On average, research analysts anticipate that Li Auto Inc. will post 1.04 EPS 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.