Bayesian Capital Management LP Acquires 27,900 Shares of Li Auto Inc. (NASDAQ:LI)

Bayesian Capital Management LP raised its holdings in shares of Li Auto Inc. (NASDAQ:LI) by 108.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,705 shares of the company’s stock after purchasing an additional 27,900 shares during the quarter. Bayesian Capital Management LP’s holdings in Li Auto were worth $1,626,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of LI. Capital International Investors grew its stake in shares of Li Auto by 1.1% in the first quarter. Capital International Investors now owns 389,400 shares of the company’s stock valued at $11,791,000 after acquiring an additional 4,422 shares in the last quarter. FIFTHDELTA Ltd bought a new position in shares of Li Auto in the 1st quarter valued at $14,816,000. AI Squared Management Ltd acquired a new stake in shares of Li Auto during the first quarter valued at about $633,000. Barings LLC grew its holdings in Li Auto by 6.1% during the 1st quarter. Barings LLC now owns 177,533 shares of the company’s stock worth $5,376,000 after acquiring an additional 10,147 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. grew its holdings in Li Auto by 3.1% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 83,774 shares of the company’s stock worth $2,537,000 after acquiring an additional 2,500 shares during the last quarter. 9.88% of the stock is currently owned by institutional investors and hedge funds.

Li Auto Stock Down 2.6 %

Li Auto stock traded down $0.51 during mid-day trading on Tuesday, reaching $18.78. The stock had a trading volume of 4,366,087 shares, compared to its average volume of 7,971,326. The stock’s 50-day simple moving average is $19.71 and its 200-day simple moving average is $26.91. Li Auto Inc. has a fifty-two week low of $17.75 and a fifty-two week high of $47.33. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.37 and a current ratio of 1.53. The firm has a market capitalization of $19.93 billion, a PE ratio of 12.69, a price-to-earnings-growth ratio of 2.31 and a beta of 0.97.

Li Auto (NASDAQ:LI) last issued its quarterly earnings data on Monday, May 20th. The company reported $0.08 earnings per share (EPS) for the quarter. Li Auto had a net margin of 8.73% and a return on equity of 16.65%. The firm had revenue of $3.55 billion during the quarter. On average, sell-side analysts forecast that Li Auto Inc. will post 1.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

LI has been the subject of several recent research reports. Barclays decreased their price target on Li Auto from $25.00 to $22.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 21st. Macquarie started coverage on shares of Li Auto in a research report on Monday, April 15th. They issued an “outperform” rating and a $40.00 price target on the stock. Bank of America decreased their price objective on shares of Li Auto from $41.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, May 21st. Finally, Morgan Stanley lowered their target price on Li Auto from $65.00 to $53.00 and set an “overweight” rating for the company in a report on Tuesday, May 21st. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $40.08.

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.