Halbert Hargrove Global Advisors LLC Buys New Shares in Li Auto Inc. (NASDAQ:LI)

Halbert Hargrove Global Advisors LLC purchased a new position in Li Auto Inc. (NASDAQ:LI) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,000 shares of the company’s stock, valued at approximately $126,000.

Other hedge funds also recently bought and sold shares of the company. CX Institutional purchased a new stake in Li Auto in the 1st quarter worth $72,000. Daiwa Securities Group Inc. increased its holdings in shares of Li Auto by 16.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the company’s stock worth $84,000 after purchasing an additional 500 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Li Auto in the fourth quarter worth about $129,000. SBI Securities Co. Ltd. purchased a new stake in shares of Li Auto in the fourth quarter worth about $191,000. Finally, First Trust Advisors LP boosted its stake in Li Auto by 15.2% during the fourth quarter. First Trust Advisors LP now owns 10,014 shares of the company’s stock valued at $240,000 after buying an additional 1,324 shares during the last quarter. Institutional investors own 9.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on LI. Nomura Securities raised Li Auto to a “hold” rating in a research note on Monday, March 17th. JPMorgan Chase & Co. upgraded shares of Li Auto from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $22.00 to $40.00 in a research report on Friday, February 28th. Cfra Research upgraded shares of Li Auto from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 10th. HSBC set a $38.50 target price on shares of Li Auto and gave the company a “buy” rating in a research report on Thursday, March 6th. Finally, Macquarie cut Li Auto from an “outperform” rating to a “neutral” rating and set a $27.00 price objective on the stock. in a research note on Monday, March 17th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $32.85.

Li Auto Price Performance

LI stock opened at $28.20 on Tuesday. The stock has a market cap of $29.53 billion, a PE ratio of 20.89, a P/E/G ratio of 3.27 and a beta of 0.98. Li Auto Inc. has a 12 month low of $17.44 and a 12 month high of $33.12. The company has a 50-day moving average price of $26.45 and a 200 day moving average price of $25.43. The company has a current ratio of 1.76, a quick ratio of 1.64 and a debt-to-equity ratio of 0.13.

Li Auto (NASDAQ:LI) last announced its quarterly earnings data on Thursday, May 29th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.01). The firm had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.45 billion. Li Auto had a return on equity of 13.03% and a net margin of 7.20%. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.21 EPS. Equities research analysts anticipate that Li Auto Inc. will post 0.96 earnings per share for the current 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.