SG Americas Securities LLC Grows Position in Li Auto Inc. (NASDAQ:LI)

SG Americas Securities LLC grew its position in shares of Li Auto Inc. (NASDAQ:LI) by 26.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 212,415 shares of the company’s stock after acquiring an additional 45,008 shares during the quarter. SG Americas Securities LLC’s holdings in Li Auto were worth $5,096,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its position in Li Auto by 2,556.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,630,537 shares of the company’s stock worth $93,503,000 after purchasing an additional 3,493,881 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in Li Auto by 27.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 432,988 shares of the company’s stock valued at $11,106,000 after buying an additional 93,904 shares during the period. Ariose Capital Management Ltd purchased a new stake in Li Auto during the third quarter worth about $18,099,000. Barclays PLC raised its position in Li Auto by 41.8% in the third quarter. Barclays PLC now owns 602,028 shares of the company’s stock worth $15,442,000 after acquiring an additional 177,414 shares during the period. Finally, SK Wealth Management LLC purchased a new position in Li Auto in the third quarter valued at about $1,160,000. Institutional investors own 9.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Barclays lifted their price target on shares of Li Auto from $22.00 to $31.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Citigroup upped their price target on Li Auto from $25.50 to $29.60 and gave the company a “neutral” rating in a research report on Monday, September 30th. Finally, Macquarie reissued a “neutral” rating and issued a $33.00 price objective (up previously from $25.00) on shares of Li Auto in a report on Friday, October 4th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $33.94.

Li Auto Price Performance

Shares of NASDAQ LI opened at $23.21 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.64 and a current ratio of 1.76. Li Auto Inc. has a fifty-two week low of $17.44 and a fifty-two week high of $46.44. The stock has a market cap of $24.63 billion, a PE ratio of 17.19, a price-to-earnings-growth ratio of 1.27 and a beta of 0.93. The stock has a fifty day moving average of $23.12 and a 200-day moving average of $22.68.

Li Auto 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.