Price T Rowe Associates Inc. MD Boosts Position in Li Auto Inc. (NASDAQ:LI)

Price T Rowe Associates Inc. MD boosted its holdings in Li Auto Inc. (NASDAQ:LI – Get Rating) by 56.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 3,090,017 shares of the company’s stock after purchasing an additional 1,113,657 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Li Auto were worth $71,102,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Creative Planning raised its stake in shares of Li Auto by 2.8% during the second quarter. Creative Planning now owns 19,438 shares of the company’s stock valued at $745,000 after purchasing an additional 521 shares during the period. Cigna Investments Inc. New grew its position in shares of Li Auto by 5.4% during the third quarter. Cigna Investments Inc. New now owns 11,013 shares of the company’s stock worth $253,000 after buying an additional 561 shares in the last quarter. US Bancorp DE grew its position in shares of Li Auto by 20.2% during the first quarter. US Bancorp DE now owns 3,890 shares of the company’s stock worth $100,000 after buying an additional 653 shares in the last quarter. Ensign Peak Advisors Inc grew its position in shares of Li Auto by 2.2% during the first quarter. Ensign Peak Advisors Inc now owns 40,050 shares of the company’s stock worth $1,034,000 after buying an additional 850 shares in the last quarter. Finally, Captrust Financial Advisors grew its position in shares of Li Auto by 584.1% during the first quarter. Captrust Financial Advisors now owns 1,074 shares of the company’s stock worth $28,000 after buying an additional 917 shares in the last quarter. Hedge funds and other institutional investors own 20.97% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on LI. HSBC raised their price target on shares of Li Auto from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, March 3rd. Barclays raised their price target on shares of Li Auto from $25.00 to $31.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 28th. CLSA decreased their price target on shares of Li Auto from $49.00 to $31.00 in a research report on Thursday, December 15th. Citigroup lifted their price objective on shares of Li Auto from $48.00 to $51.50 and gave the stock a “buy” rating in a report on Thursday, February 9th. Finally, Jefferies Financial Group initiated coverage on shares of Li Auto in a report on Monday, November 28th. They issued a “buy” rating and a $20.66 price objective for the company. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $37.04.

Li Auto Stock Performance

Shares of LI opened at $22.28 on Tuesday. Li Auto Inc. has a 1 year low of $12.52 and a 1 year high of $41.49. The company has a market cap of $23.22 billion, a price-to-earnings ratio of -74.27 and a beta of 0.75. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.20 and a current ratio of 2.45. The firm has a fifty day moving average of $23.67 and a 200-day moving average of $21.95.

Li Auto (NASDAQ:LI – Get Rating) last announced its quarterly earnings results on Friday, December 9th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.01. Li Auto had a negative net margin of 4.30% and a negative return on equity of 4.48%. The company had revenue of $1.31 billion during the quarter. As a group, equities analysts anticipate that Li Auto Inc. will post 0.29 earnings per share for the current year.

Li Auto Company Profile

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Li Auto Inc, through its subsidiaries, designs, develops, manufactures, and sells new energy vehicles in the People's Republic of China. The company provides Li ONE, a six-seat smart electric sport utility vehicle that is equipped with smart vehicle solutions, navigation on ADAS, and automatic emergency breaking functionalities.