Li Auto Inc. (NASDAQ:LI) Shares Acquired by Profund Advisors LLC

Profund Advisors LLC lifted its stake in Li Auto Inc. (NASDAQ:LI) by 28.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 59,950 shares of the company’s stock after purchasing an additional 13,124 shares during the period. Profund Advisors LLC’s holdings in Li Auto were worth $1,072,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Scarborough Advisors LLC purchased a new position in Li Auto in the fourth quarter valued at $41,000. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Li Auto by 58.7% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,549 shares of the company’s stock worth $28,000 after acquiring an additional 573 shares in the last quarter. Blue Trust Inc. lifted its stake in Li Auto by 1,707.4% during the second quarter. Blue Trust Inc. now owns 1,952 shares of the company’s stock worth $35,000 after purchasing an additional 1,844 shares during the last quarter. Barometer Capital Management Inc. acquired a new position in Li Auto in the fourth quarter valued at approximately $135,000. Finally, Ballentine Partners LLC increased its stake in Li Auto by 20.6% in the first quarter. Ballentine Partners LLC now owns 7,199 shares of the company’s stock valued at $218,000 after purchasing an additional 1,232 shares during the last quarter. 9.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on LI shares. JPMorgan Chase & Co. reduced their price objective 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. Citigroup cut shares of Li Auto from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Finally, Bank of America raised their price objective on Li Auto from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $36.36.

Li Auto Stock Performance

Shares of LI stock opened at $22.20 on Tuesday. Li Auto Inc. has a 52-week low of $17.44 and a 52-week high of $46.44. The stock’s 50-day moving average price is $19.80 and its 200 day moving average price is $23.33. The company has a quick ratio of 1.63, a current ratio of 1.76 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $23.55 billion, a PE ratio of 14.80, a price-to-earnings-growth ratio of 1.78 and a beta of 0.96.

Li Auto (NASDAQ:LI) last released its quarterly earnings results on Wednesday, August 28th. The company reported $0.14 EPS for the quarter. Li Auto had a return on equity of 13.70% and a net margin of 7.65%. The business had revenue of $4.36 billion during the quarter. As a group, equities research analysts forecast that Li Auto Inc. will post 1.04 EPS 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.