Aubrey Capital Management Ltd Acquires 58,600 Shares of Li Auto Inc. (NASDAQ:LI)

Aubrey Capital Management Ltd boosted its position in shares of Li Auto Inc. (NASDAQ:LI) by 22.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 325,200 shares of the company’s stock after buying an additional 58,600 shares during the quarter. Li Auto makes up 5.2% of Aubrey Capital Management Ltd’s holdings, making the stock its 8th biggest position. Aubrey Capital Management Ltd’s holdings in Li Auto were worth $12,172,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of LI. Ninety One UK Ltd purchased a new position in shares of Li Auto in the fourth quarter worth about $35,896,000. Ariose Capital Management Ltd purchased a new position in shares of Li Auto in the fourth quarter worth about $29,555,000. Qube Research & Technologies Ltd purchased a new position in shares of Li Auto in the third quarter worth about $24,312,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Li Auto by 9.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 561,658 shares of the company’s stock worth $20,023,000 after buying an additional 49,330 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Li Auto by 19.4% in the third quarter. American Century Companies Inc. now owns 296,355 shares of the company’s stock worth $10,565,000 after buying an additional 48,089 shares in the last quarter. Institutional investors and hedge funds own 9.88% of the company’s stock.

Wall Street Analysts Forecast Growth

LI has been the topic of a number of analyst reports. Macquarie initiated coverage on shares of Li Auto in a research note on Monday, April 15th. They set an “outperform” rating and a $40.00 target price on the stock. Barclays cut shares of Li Auto from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $39.00 to $25.00 in a research report on Thursday. Deutsche Bank Aktiengesellschaft upgraded shares of Li Auto from a “hold” rating to a “buy” rating and dropped their price target for the company from $45.00 to $41.00 in a research report on Tuesday, February 6th. Morgan Stanley dropped their price target on shares of Li Auto from $74.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, March 25th. Finally, Citigroup dropped their price target on shares of Li Auto from $57.30 to $48.50 and set a “buy” rating for the company in a research report on Friday, March 22nd. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $45.36.

Li Auto Price Performance

Shares of NASDAQ:LI traded up $1.57 on Friday, reaching $25.04. 12,984,974 shares of the company were exchanged, compared to its average volume of 6,822,057. The company has a current ratio of 1.57, a quick ratio of 1.48 and a debt-to-equity ratio of 0.03. Li Auto Inc. has a 1-year low of $22.26 and a 1-year high of $47.33. The firm has a market cap of $26.57 billion, a price-to-earnings ratio of 16.15 and a beta of 1.04. The company has a 50-day moving average of $32.95 and a 200-day moving average of $33.74.

Li Auto (NASDAQ:LI) last posted its quarterly earnings results on Monday, February 26th. The company reported $0.49 earnings per share for the quarter. Li Auto had a net margin of 9.44% and a return on equity of 18.37%. The business had revenue of $5.88 billion for the quarter. Equities analysts forecast that Li Auto Inc. will post 1.97 earnings per share for the current fiscal year.

Li Auto 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.