Rakuten Securities Inc. Takes $57,000 Position in Li Auto Inc. (NASDAQ:LI)

Rakuten Securities Inc. acquired a new stake in Li Auto Inc. (NASDAQ:LI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,528 shares of the company’s stock, valued at approximately $57,000.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Li Auto in the 4th quarter valued at about $127,155,000. Renaissance Technologies LLC raised its stake in Li Auto by 161.0% in the first quarter. Renaissance Technologies LLC now owns 4,473,700 shares of the company’s stock worth $115,466,000 after buying an additional 2,759,800 shares in the last quarter. Deutsche Bank AG lifted its holdings in Li Auto by 100.8% during the third quarter. Deutsche Bank AG now owns 15,273 shares of the company’s stock worth $544,000 after buying an additional 1,990,089 shares during the period. Two Sigma Investments LP bought a new stake in Li Auto during the 1st quarter valued at $42,992,000. Finally, Wellington Management Group LLP purchased a new position in Li Auto in the first quarter valued at about $29,649,000. 9.88% of the stock is owned by hedge funds and other institutional investors.

Li Auto Stock Up 1.1 %

Shares of LI opened at $28.73 on Thursday. Li Auto Inc. has a 52 week low of $21.48 and a 52 week high of $47.33. The company has a market capitalization of $30.48 billion, a price-to-earnings ratio of 18.54 and a beta of 1.04. The stock’s 50-day moving average price is $33.68 and its 200-day moving average price is $34.19. The company has a quick ratio of 1.48, a current ratio of 1.57 and a debt-to-equity ratio of 0.03.

Li Auto (NASDAQ:LI) last issued its quarterly earnings data on Monday, February 26th. The company reported $0.49 earnings per share for the quarter. The business had revenue of $5.88 billion during the quarter. Li Auto had a net margin of 9.44% and a return on equity of 18.37%. On average, sell-side analysts predict that Li Auto Inc. will post 1.97 EPS for the current year.

Wall Street Analyst Weigh In

LI has been the topic of a number of recent analyst reports. Barclays lowered their price target on shares of Li Auto from $56.00 to $39.00 and set an “overweight” rating on the stock in a report on Friday, March 22nd. Deutsche Bank Aktiengesellschaft raised shares of Li Auto from a “hold” rating to a “buy” rating and cut their price target for the stock from $45.00 to $41.00 in a report on Tuesday, February 6th. The Goldman Sachs Group assumed coverage on Li Auto in a report on Wednesday, January 3rd. They set a “buy” rating for the company. Citigroup dropped their target price on Li Auto from $57.30 to $48.50 and set a “buy” rating on the stock in a research note on Friday, March 22nd. Finally, Macquarie assumed coverage on shares of Li Auto in a research report on Monday. They set an “outperform” rating and a $40.00 target price on the stock. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, Li Auto has a consensus rating of “Buy” and a consensus price target of $47.36.

Li Auto Profile

Li Auto Inc, through its subsidiaries, 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 also offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment.