Tidal Investments LLC Has $2.95 Million Holdings in Li Auto Inc. (NASDAQ:LI)

Tidal Investments LLC grew its stake in Li Auto Inc. (NASDAQ:LI) by 6.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 97,408 shares of the company’s stock after buying an additional 5,666 shares during the quarter. Tidal Investments LLC’s holdings in Li Auto were worth $2,950,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in LI. Scarborough Advisors LLC acquired a new position in Li Auto during the fourth quarter worth $41,000. Rakuten Securities Inc. bought a new position in shares of Li Auto in the fourth quarter valued at about $57,000. Barometer Capital Management Inc. bought a new position in Li Auto during the fourth quarter worth about $135,000. Ballentine Partners LLC grew its stake in Li Auto by 20.6% during the first quarter. Ballentine Partners LLC now owns 7,199 shares of the company’s stock worth $218,000 after buying an additional 1,232 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Li Auto during the first quarter worth about $219,000. Institutional investors and hedge funds own 9.88% of the company’s stock.

Li Auto Trading Down 0.6 %

Shares of NASDAQ:LI traded down $0.11 during mid-day trading on Thursday, hitting $19.63. The company had a trading volume of 3,618,740 shares, compared to its average volume of 7,942,201. The firm has a fifty day moving average price of $19.64 and a 200 day moving average price of $26.77. The company has a market capitalization of $20.83 billion, a PE ratio of 13.16, a price-to-earnings-growth ratio of 2.27 and a beta of 0.97. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.37. Li Auto Inc. has a one year low of $17.75 and a one year high of $47.33.

Li Auto (NASDAQ:LI) last announced its quarterly earnings results on Monday, May 20th. The company reported $0.08 EPS for the quarter. The business had revenue of $3.55 billion during the quarter. Li Auto had a net margin of 8.73% and a return on equity of 16.65%. As a group, research analysts forecast that Li Auto Inc. will post 1.04 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on LI shares. Bank of America reduced their price target on shares of Li Auto from $41.00 to $36.00 and set a “buy” rating on the stock in a research note on Tuesday, May 21st. Morgan Stanley cut their target price on shares of Li Auto from $65.00 to $53.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 21st. Barclays cut their target price on shares of Li Auto from $25.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 21st. Finally, Macquarie initiated coverage on shares of Li Auto in a research report on Monday, April 15th. They set an “outperform” rating and a $40.00 target price on the stock. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.08.

Li Auto Company 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.