Aubrey Capital Management Ltd Has $12.17 Million Stock Holdings in Li Auto Inc. (NASDAQ:LI)

Aubrey Capital Management Ltd raised its position in shares of Li Auto Inc. (NASDAQ:LI) by 22.0% in the fourth quarter, Holdings Channel reports. The fund owned 325,200 shares of the company’s stock after buying an additional 58,600 shares during the quarter. Li Auto comprises approximately 5.2% of Aubrey Capital Management Ltd’s investment portfolio, making the stock its 8th biggest holding. Aubrey Capital Management Ltd’s holdings in Li Auto were worth $12,172,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in LI. Concourse Financial Group Securities Inc. grew its stake in shares of Li Auto by 186.0% during the third quarter. Concourse Financial Group Securities Inc. now owns 1,430 shares of the company’s stock valued at $51,000 after purchasing an additional 930 shares during the last quarter. Rakuten Securities Inc. bought a new stake in shares of Li Auto during the fourth quarter valued at approximately $57,000. CWM LLC grew its stake in shares of Li Auto by 59.5% during the third quarter. CWM LLC now owns 1,812 shares of the company’s stock valued at $65,000 after purchasing an additional 676 shares during the last quarter. Employees Retirement System of Texas bought a new position in Li Auto in the third quarter valued at approximately $130,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in Li Auto in the third quarter valued at approximately $215,000. Institutional investors and hedge funds own 9.88% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on LI. Deutsche Bank Aktiengesellschaft raised shares of Li Auto from a “hold” rating to a “buy” rating and reduced their price objective for the company from $45.00 to $41.00 in a research note on Tuesday, February 6th. Barclays cut shares of Li Auto from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $39.00 to $25.00 in a research note on Thursday. Macquarie began coverage on shares of Li Auto in a research note on Monday, April 15th. They issued an “outperform” rating and a $40.00 price objective on the stock. Bank of America reduced their price objective on shares of Li Auto from $60.00 to $55.00 and set a “buy” rating on the stock in a research note on Monday, March 18th. Finally, Morgan Stanley reduced their price objective on shares of Li Auto from $74.00 to $65.00 and set an “overweight” rating on the stock in a research note on Monday, March 25th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Li Auto currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.36.

Li Auto Trading Up 6.7 %

Shares of NASDAQ LI traded up $1.57 during midday trading on Friday, reaching $25.04. 12,984,974 shares of the stock were exchanged, compared to its average volume of 6,822,057. The business has a 50-day simple moving average of $32.95 and a two-hundred day simple moving average of $33.74. The company has a market capitalization of $26.57 billion, a price-to-earnings ratio of 16.15 and a beta of 1.04. Li Auto Inc. has a 12 month low of $22.26 and a 12 month high of $47.33. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.48.

Li Auto (NASDAQ:LI) last announced its earnings results on Monday, February 26th. The company reported $0.49 EPS 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%. As a group, equities research analysts expect that Li Auto Inc. will post 1.97 EPS for the current year.

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.