Aigen Investment Management LP Trims Stake in Li Auto Inc. (NASDAQ:LI)

Aigen Investment Management LP lessened its stake in shares of Li Auto Inc. (NASDAQ:LI) by 14.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,436 shares of the company’s stock after selling 3,034 shares during the quarter. Aigen Investment Management LP’s holdings in Li Auto were worth $653,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. NEW THINKING HONG KONG INVESTMENT MANAGEMENT CO. Ltd lifted its stake in shares of Li Auto by 63.4% during the fourth 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 during the period. Tudor Investment Corp Et Al boosted its holdings in shares of Li Auto by 603.8% during the third quarter. Tudor Investment Corp Et Al now owns 160,099 shares of the company’s stock worth $5,708,000 after purchasing an additional 137,350 shares during the last quarter. Rafferty Asset Management LLC boosted its holdings in shares of Li Auto by 123.4% during the third quarter. Rafferty Asset Management LLC now owns 21,992 shares of the company’s stock worth $784,000 after purchasing an additional 12,149 shares during the last quarter. Handelsbanken Fonder AB purchased a new stake in shares of Li Auto in the fourth quarter valued at $9,358,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in Li Auto in the fourth quarter valued at $4,453,000. Hedge funds and other institutional investors own 9.88% of the company’s stock.

Li Auto Price Performance

Shares of NASDAQ LI opened at $20.32 on Thursday. The stock has a market cap of $21.56 billion, a P/E ratio of 13.85, a P/E/G ratio of 1.84 and a beta of 1.10. The firm’s 50-day simple moving average is $28.52 and its 200 day simple moving average is $32.71. Li Auto Inc. has a fifty-two week low of $20.14 and a fifty-two week high of $47.33. The company has a quick ratio of 1.48, a current ratio of 1.53 and a debt-to-equity ratio of 0.04.

Li Auto (NASDAQ:LI) last announced its earnings results on Monday, February 26th. The company reported $0.49 EPS for the quarter. The firm had revenue of $5.88 billion for the quarter. Li Auto had a return on equity of 16.65% and a net margin of 8.73%. Equities analysts expect that Li Auto Inc. will post 1.43 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on LI. Deutsche Bank Aktiengesellschaft upgraded shares of Li Auto from a “hold” rating to a “buy” rating and decreased their price target for the company from $45.00 to $41.00 in a report on Tuesday, February 6th. Bank of America reduced their target price on Li Auto from $41.00 to $36.00 and set a “buy” rating on the stock in a report on Tuesday. Morgan Stanley dropped their price target on Li Auto from $65.00 to $53.00 and set an “overweight” rating for the company in a research note on Tuesday. Macquarie assumed coverage on shares of Li Auto in a report on Monday, April 15th. They issued an “outperform” rating and a $40.00 price target on the stock. Finally, Citigroup reduced their price objective 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. 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $40.50.

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.