Pacer Advisors Inc. Makes New $1.75 Million Investment in Li Auto Inc. (NASDAQ:LI)

Pacer Advisors Inc. bought a new position in shares of Li Auto Inc. (NASDAQ:LI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 97,689 shares of the company’s stock, valued at approximately $1,747,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Brilliance Asset Management Ltd. raised its position in shares of Li Auto by 6.9% in the fourth quarter. Brilliance Asset Management Ltd. now owns 4,639,798 shares of the company’s stock worth $173,668,000 after buying an additional 299,531 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of Li Auto in the second quarter worth $21,626,000. Franchise Capital Ltd increased its stake in Li Auto by 163.2% in the fourth quarter. Franchise Capital Ltd now owns 975,250 shares of the company’s stock valued at $36,504,000 after acquiring an additional 604,773 shares during the last quarter. SIH Partners LLLP increased its stake in Li Auto by 508.2% in the first quarter. SIH Partners LLLP now owns 890,900 shares of the company’s stock valued at $26,976,000 after acquiring an additional 744,419 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in Li Auto by 20.5% in the second quarter. American Century Companies Inc. now owns 726,684 shares of the company’s stock valued at $12,993,000 after acquiring an additional 123,838 shares during the last quarter. Hedge funds and other institutional investors own 9.88% of the company’s stock.

Li Auto Stock Up 6.7 %

Shares of NASDAQ:LI opened at $25.37 on Friday. The stock’s 50-day moving average price is $19.94 and its 200-day moving average price is $23.25. Li Auto Inc. has a 12-month low of $17.44 and a 12-month high of $46.44. The stock has a market capitalization of $26.92 billion, a P/E ratio of 17.04 and a beta of 0.96. The company has a current ratio of 1.76, a quick ratio of 1.63 and a debt-to-equity ratio of 0.14.

Li Auto (NASDAQ:LI) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $0.14 earnings per share (EPS) for the quarter. Li Auto had a return on equity of 13.70% and a net margin of 7.65%. The firm had revenue of $4.36 billion for the quarter.

Analysts Set New Price Targets

LI has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reduced their target price on Li Auto from $21.00 to $19.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. Bank of America increased their target price on Li Auto from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Finally, Citigroup increased their target price on Li Auto from $21.60 to $25.50 and gave the company a “neutral” rating in a research note on Tuesday. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Li Auto has an average rating of “Moderate Buy” and a consensus target price of $33.07.

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.