Mitsubishi UFJ Asset Management Co. Ltd. Buys 32,212 Shares of Li Auto Inc. Sponsored ADR $LI

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI) by 53.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 92,756 shares of the company’s stock after acquiring an additional 32,212 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Li Auto were worth $1,600,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of LI. Goldman Sachs Group Inc. lifted its stake in Li Auto by 133.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,636,156 shares of the company’s stock valued at $66,431,000 after acquiring an additional 1,505,991 shares during the period. Maxi Investments CY Ltd bought a new position in Li Auto during the 3rd quarter valued at about $16,040,000. SG Americas Securities LLC lifted its stake in Li Auto by 324.2% during the 4th quarter. SG Americas Securities LLC now owns 342,025 shares of the company’s stock valued at $5,790,000 after acquiring an additional 261,389 shares during the period. Credit Agricole S A bought a new position in shares of Li Auto in the 3rd quarter worth approximately $5,055,000. Finally, NINE MASTS CAPITAL Ltd purchased a new position in shares of Li Auto in the third quarter worth approximately $1,806,000. Institutional investors own 9.88% of the company’s stock.

Li Auto Stock Up 4.8%

Shares of LI stock opened at $18.87 on Tuesday. The company has a market capitalization of $20.15 billion, a price-to-earnings ratio of 145.17 and a beta of 0.63. Li Auto Inc. Sponsored ADR has a one year low of $15.71 and a one year high of $32.03. The company’s fifty day moving average price is $17.96 and its 200-day moving average price is $18.04. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.81 and a quick ratio of 1.68.

Li Auto (NASDAQ:LI) last announced its quarterly earnings data on Sunday, March 22nd. The company reported ($0.06) EPS for the quarter. The firm had revenue of $545.61 million for the quarter. Li Auto had a net margin of 0.99% and a return on equity of 1.52%. Sell-side analysts expect that Li Auto Inc. Sponsored ADR will post 0.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

LI has been the topic of a number of research reports. The Goldman Sachs Group downgraded shares of Li Auto from a “buy” rating to a “neutral” rating and set a $19.00 price objective on the stock. in a report on Tuesday, March 17th. Weiss Ratings reissued a “sell (d+)” rating on shares of Li Auto in a report on Friday, March 27th. JPMorgan Chase & Co. raised their price objective on shares of Li Auto from $14.00 to $15.50 and gave the stock an “underweight” rating in a report on Friday, March 13th. Citigroup dropped their price objective on shares of Li Auto from $20.20 to $18.50 and set a “neutral” rating on the stock in a report on Thursday, January 15th. Finally, Piper Sandler raised shares of Li Auto from a “neutral” rating to an “outperform” rating in a report on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Li Auto currently has an average rating of “Hold” and an average price target of $18.55.

About Li Auto

Li Auto Inc is a Chinese automotive company that develops, manufactures and sells smart electric vehicles, with an early focus on range-extended electric SUVs designed for family use. The company is headquartered in China and serves the domestic market through a combination of online channels and a network of retail/showroom locations. Li Auto was founded to address range-anxiety in electric vehicle buyers by integrating a small internal-combustion engine as a range extender alongside a large battery, enabling longer driving range while retaining electric driving characteristics.

The company’s product lineup centers on multi‑occupant SUVs that combine electric propulsion, advanced in‑vehicle connectivity and driver‑assistance features.