250,000 Shares in Li Auto Inc. (NASDAQ:LI) Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB purchased a new position in shares of Li Auto Inc. (NASDAQ:LI) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 250,000 shares of the company’s stock, valued at approximately $9,358,000.

Several other hedge funds have also recently modified their holdings of the stock. Concourse Financial Group Securities Inc. raised its position 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 worth $51,000 after acquiring an additional 930 shares in the last quarter. Rakuten Securities Inc. purchased a new position in shares of Li Auto in the fourth quarter valued at $57,000. CWM LLC increased its position 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 buying an additional 676 shares in the last quarter. Employees Retirement System of Texas purchased a new position in shares of Li Auto in the third quarter valued at $130,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of Li Auto in the third quarter valued at $215,000. 9.88% of the stock is owned by institutional investors and hedge funds.

Li Auto Stock Performance

Shares of LI opened at $23.87 on Thursday. The business’s 50 day moving average is $33.23 and its two-hundred day moving average is $33.87. Li Auto Inc. has a 52-week low of $21.48 and a 52-week high of $47.33. The firm has a market cap of $25.33 billion, a price-to-earnings ratio of 15.40 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 issued its 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 firm had revenue of $5.88 billion for the quarter. Analysts forecast that Li Auto Inc. will post 1.97 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on LI. The Goldman Sachs Group started coverage on Li Auto in a research report on Wednesday, January 3rd. They issued a “buy” rating for the company. Barclays dropped their price objective 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. Macquarie started coverage on Li Auto in a research report on Monday, April 15th. They set an “outperform” rating and a $40.00 price objective for the company. Citigroup decreased their price target 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. Finally, Deutsche Bank Aktiengesellschaft raised Li Auto from a “hold” rating to a “buy” rating and decreased their price target for the stock from $45.00 to $41.00 in a research note on Tuesday, February 6th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $47.36.

About Li Auto

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.