Point72 Europe London LLP Invests $1.39 Million in Li Auto Inc. (NASDAQ:LI)

Point72 Europe London LLP acquired a new position in shares of Li Auto Inc. (NASDAQ:LI) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 54,190 shares of the company’s stock, valued at approximately $1,390,000.

Several other hedge funds and other institutional investors have also made changes to their positions in LI. Virtu Financial LLC bought a new stake in Li Auto during the first quarter worth approximately $397,000. Swedbank AB bought a new stake in Li Auto during the first quarter worth approximately $2,003,000. DekaBank Deutsche Girozentrale raised its holdings in Li Auto by 510.0% during the first quarter. DekaBank Deutsche Girozentrale now owns 76,450 shares of the company’s stock worth $2,370,000 after purchasing an additional 63,917 shares in the last quarter. QRG Capital Management Inc. raised its holdings in Li Auto by 58.5% during the second quarter. QRG Capital Management Inc. now owns 11,731 shares of the company’s stock worth $210,000 after purchasing an additional 4,331 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in Li Auto by 77.1% during the second quarter. SG Americas Securities LLC now owns 18,470 shares of the company’s stock worth $330,000 after purchasing an additional 8,043 shares in the last quarter. 9.88% of the stock is currently owned by institutional investors and hedge funds.

Li Auto Trading Up 1.6 %

NASDAQ LI opened at $23.68 on Friday. Li Auto Inc. has a twelve month low of $17.44 and a twelve month high of $46.44. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.64 and a current ratio of 1.76. The stock has a market cap of $25.12 billion, a price-to-earnings ratio of 17.54, a PEG ratio of 2.27 and a beta of 0.99. The firm’s 50 day moving average price is $25.36 and its two-hundred day moving average price is $21.83.

Li Auto (NASDAQ:LI) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $0.14 earnings per share for the quarter. Li Auto had a net margin of 7.20% and a return on equity of 13.03%. The firm had revenue of $4.36 billion for the quarter. Equities analysts anticipate that Li Auto Inc. will post 1.04 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on LI shares. Macquarie reissued a “neutral” rating and set a $33.00 target price (up previously from $25.00) on shares of Li Auto in a report on Friday, October 4th. Bank of America upped their price target on Li Auto from $30.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Citigroup upped their price target on Li Auto from $25.50 to $29.60 and gave the company a “neutral” rating in a report on Monday, September 30th. Barclays upped their price target on Li Auto from $22.00 to $31.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Finally, JPMorgan Chase & Co. dropped their price target on Li Auto from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Li Auto presently has a consensus rating of “Moderate Buy” and an average price target of $33.94.

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.