Signaturefd LLC Increases Position in Li Auto Inc. (NASDAQ:LI)

Signaturefd LLC lifted its holdings in Li Auto Inc. (NASDAQ:LI) by 10.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,494 shares of the company’s stock after buying an additional 881 shares during the period. Signaturefd LLC’s holdings in Li Auto were worth $355,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Advisors Asset Management Inc. boosted its stake in shares of Li Auto by 3.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 14,458 shares of the company’s stock worth $515,000 after buying an additional 469 shares during the last quarter. CWM LLC lifted its stake in 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 during the last quarter. Caprock Group LLC lifted its stake in 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 during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in 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 during the last quarter. Finally, Concourse Financial Group Securities Inc. lifted its stake in Li Auto by 186.0% in the third quarter. Concourse Financial Group Securities Inc. now owns 1,430 shares of the company’s stock valued at $51,000 after purchasing an additional 930 shares during the last quarter. Hedge funds and other institutional investors own 9.88% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Citigroup dropped their price objective on Li Auto from $57.30 to $48.50 and set a “buy” rating on the stock in a research note on Friday, March 22nd. Morgan Stanley dropped their price objective 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. Barclays downgraded Li Auto from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $39.00 to $25.00 in a research note on Thursday. The Goldman Sachs Group initiated coverage on Li Auto in a research note on Wednesday, January 3rd. They issued a “buy” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft raised shares of Li Auto from a “hold” rating to a “buy” rating and lowered their target price for the company from $45.00 to $41.00 in a report on Tuesday, February 6th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Li Auto has a consensus rating of “Moderate Buy” and a consensus target price of $45.36.

Li Auto Trading Down 1.7 %

Shares of LI stock opened at $23.47 on Friday. The company’s fifty day simple moving average is $33.08 and its two-hundred day simple moving average is $33.80. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.48. Li Auto Inc. has a 1 year low of $22.23 and a 1 year high of $47.33. The stock has a market capitalization of $24.90 billion, a price-to-earnings ratio of 15.14 and a beta of 1.04.

Li Auto (NASDAQ:LI) last released its quarterly earnings results on Monday, February 26th. The company reported $0.49 earnings per share for the quarter. The firm had revenue of $5.88 billion for the quarter. Li Auto had a net margin of 9.44% and a return on equity of 18.37%. As a group, analysts anticipate that Li Auto Inc. will post 1.97 earnings per share for the current 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.