57,000 Shares in Li Auto Inc. (NASDAQ:LI) Purchased by Picton Mahoney Asset Management

Picton Mahoney Asset Management bought a new stake in Li Auto Inc. (NASDAQ:LI) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 57,000 shares of the company’s stock, valued at approximately $2,134,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. NEW THINKING HONG KONG INVESTMENT MANAGEMENT CO. Ltd grew its position in Li Auto by 63.4% in the 4th quarter. NEW THINKING HONG KONG INVESTMENT MANAGEMENT CO. Ltd now owns 187,606 shares of the company’s stock valued at $7,022,000 after buying an additional 72,798 shares in the last quarter. Tudor Investment Corp Et Al grew its position in Li Auto by 603.8% in the 3rd quarter. Tudor Investment Corp Et Al now owns 160,099 shares of the company’s stock valued at $5,708,000 after buying an additional 137,350 shares in the last quarter. Rafferty Asset Management LLC boosted its position in shares of Li Auto by 123.4% during the 3rd quarter. Rafferty Asset Management LLC now owns 21,992 shares of the company’s stock valued at $784,000 after purchasing an additional 12,149 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Li Auto during the 3rd quarter valued at about $6,787,000. Finally, Handelsbanken Fonder AB bought a new position in shares of Li Auto during the 4th quarter valued at about $9,358,000. Institutional investors own 9.88% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Morgan Stanley reduced their price objective 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. Barclays cut shares of Li Auto from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $39.00 to $25.00 in a report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft upgraded shares of Li Auto from a “hold” rating to a “buy” rating and decreased their target price for the stock from $45.00 to $41.00 in a report on Tuesday, February 6th. Bank of America decreased their target price on shares of Li Auto from $60.00 to $55.00 and set a “buy” rating for the company in a report on Monday, March 18th. Finally, Citigroup decreased their target price on shares of Li Auto from $57.30 to $48.50 and set a “buy” rating for the company in a report on Friday, March 22nd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $45.36.

Li Auto Stock Performance

Shares of NASDAQ LI opened at $27.03 on Thursday. Li Auto Inc. has a 12 month low of $23.04 and a 12 month high of $47.33. The company has a quick ratio of 1.48, a current ratio of 1.57 and a debt-to-equity ratio of 0.03. The company has a market cap of $28.68 billion, a P/E ratio of 17.22 and a beta of 1.10. The business’s 50 day moving average is $31.75 and its two-hundred day moving average is $33.45.

Li Auto (NASDAQ:LI) last posted its quarterly earnings results on Monday, February 26th. The company reported $0.49 EPS for the quarter. Li Auto had a return on equity of 18.37% and a net margin of 9.44%. The firm had revenue of $5.88 billion during the quarter. On average, equities analysts expect that Li Auto Inc. will post 1.97 EPS 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.