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

Rakuten Securities Inc. acquired a new position in shares of Li Auto Inc. (NASDAQ:LI) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 1,528 shares of the company’s stock, valued at approximately $57,000.

Several other large investors have also recently bought and sold shares of the business. Captrust Financial Advisors lifted its position in shares of Li Auto by 584.1% during the 1st quarter. Captrust Financial Advisors now owns 1,074 shares of the company’s stock valued at $28,000 after acquiring an additional 917 shares during the period. IFP Advisors Inc raised its holdings in Li Auto by 233.3% during the second quarter. IFP Advisors Inc now owns 1,000 shares of the company’s stock worth $35,000 after purchasing an additional 700 shares during the last quarter. Concourse Financial Group Securities Inc. raised its holdings in Li Auto by 186.0% during the third quarter. Concourse Financial Group Securities Inc. now owns 1,430 shares of the company’s stock worth $51,000 after purchasing an additional 930 shares during the last quarter. Atlas Capital Advisors LLC purchased a new stake in Li Auto during the second quarter worth $64,000. Finally, CWM LLC grew its holdings in Li Auto by 59.5% in 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. Hedge funds and other institutional investors own 9.88% of the company’s stock.

Li Auto Stock Performance

Shares of NASDAQ LI opened at $28.73 on Thursday. The company has a market cap of $30.48 billion, a PE ratio of 18.54 and a beta of 1.04. 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 Inc. has a 12 month low of $21.48 and a 12 month high of $47.33. The company has a 50-day simple moving average of $33.68 and a 200-day simple moving average of $34.19.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Macquarie initiated coverage on Li Auto in a research note on Monday. They set an “outperform” rating and a $40.00 price target for the company. Morgan Stanley cut their target price 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. Citigroup reduced their price target on shares of Li Auto from $57.30 to $48.50 and set a “buy” rating on the stock in a report on Friday, March 22nd. Bank of America dropped their price objective on shares of Li Auto from $60.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, March 18th. Finally, Barclays reduced their target price on Li Auto from $56.00 to $39.00 and set an “overweight” rating on the stock in a research note on Friday, March 22nd. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $47.36.

Li Auto Company 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.