Pacer Advisors Inc. Takes Position in Li Auto Inc. (NASDAQ:LI)

Pacer Advisors Inc. acquired a new position in shares of Li Auto Inc. (NASDAQ:LI - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 97,689 shares of the company's stock, valued at approximately $1,747,000.

Other institutional investors have also recently modified their holdings of the company. Corient Private Wealth LLC increased its holdings in shares of Li Auto by 5.3% during the 4th quarter. Corient Private Wealth LLC now owns 12,664 shares of the company's stock worth $474,000 after buying an additional 641 shares during the last quarter. Capstone Investment Advisors LLC boosted its position in Li Auto by 185.4% during the 4th quarter. Capstone Investment Advisors LLC now owns 19,523 shares of the company's stock worth $731,000 after purchasing an additional 12,683 shares during the period. Campbell & CO Investment Adviser LLC boosted its position in Li Auto by 204.3% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 18,386 shares of the company's stock worth $688,000 after purchasing an additional 12,343 shares during the period. Dymon Asia Capital Singapore PTE. LTD. purchased a new stake in Li Auto during the 4th quarter worth $2,163,000. Finally, Capital International Investors boosted its position in Li Auto by 63.2% during the 4th quarter. Capital International Investors now owns 384,978 shares of the company's stock worth $14,410,000 after purchasing an additional 149,099 shares during the period. 9.88% of the stock is currently owned by institutional investors and hedge funds.

Li Auto Price Performance

Shares of Li Auto stock traded up $0.41 on Friday, hitting $25.78. The company had a trading volume of 13,778,022 shares, compared to its average volume of 7,830,579. The business has a 50-day simple moving average of $20.05 and a 200-day simple moving average of $23.27. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.76 and a quick ratio of 1.63. The company has a market cap of $27.35 billion, a PE ratio of 16.91 and a beta of 0.96. Li Auto Inc. has a 52 week low of $17.44 and a 52 week high of $46.44.

Li Auto (NASDAQ:LI - Get Free Report) last issued its earnings results on Wednesday, August 28th. The company reported $0.14 earnings per share for the quarter. The firm had revenue of $4.36 billion during the quarter. Li Auto had a net margin of 7.65% and a return on equity of 13.70%.

Analyst Upgrades and Downgrades

LI has been the topic of several research analyst reports. Citigroup increased their price target on shares of Li Auto from $21.60 to $25.50 and gave the stock a "neutral" rating in a research report on Tuesday. JPMorgan Chase & Co. reduced their price target on shares of Li Auto from $21.00 to $19.00 and set a "neutral" rating on the stock in a research report on Thursday, August 29th. Finally, Bank of America increased their price target on shares of Li Auto from $30.00 to $31.00 and gave the stock a "buy" rating in a research report on Thursday, August 29th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, Li Auto has a consensus rating of "Moderate Buy" and a consensus price target of $33.07.

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.