SG Americas Securities LLC Buys 148,937 Shares of Li Auto Inc. (NASDAQ:LI)

SG Americas Securities LLC raised its stake in shares of Li Auto Inc. (NASDAQ:LI - Free Report) by 806.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 167,407 shares of the company's stock after purchasing an additional 148,937 shares during the period. SG Americas Securities LLC's holdings in Li Auto were worth $4,294,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. increased its holdings in Li Auto by 58.7% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,549 shares of the company's stock valued at $28,000 after buying an additional 573 shares during the period. Blue Trust Inc. raised its position in Li Auto by 1,707.4% in the second quarter. Blue Trust Inc. now owns 1,952 shares of the company's stock worth $35,000 after purchasing an additional 1,844 shares in the last quarter. Scarborough Advisors LLC bought a new position in Li Auto during the fourth quarter worth about $41,000. Barometer Capital Management Inc. acquired a new stake in Li Auto during the fourth quarter valued at approximately $135,000. Finally, QRG Capital Management Inc. boosted its holdings in Li Auto by 58.5% during the second quarter. QRG Capital Management Inc. now owns 11,731 shares of the company's stock valued at $210,000 after purchasing an additional 4,331 shares in the last quarter. Institutional investors own 9.88% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on LI shares. Citigroup lifted their price target on Li Auto from $25.50 to $29.60 and gave the company a "neutral" rating in a report on Monday, September 30th. Macquarie reaffirmed a "neutral" rating and issued a $33.00 target price (up from $25.00) on shares of Li Auto in a research note on Friday. Bank of America increased their price target on shares of Li Auto from $30.00 to $31.00 and gave the company a "buy" rating in a research note on Thursday, August 29th. Finally, JPMorgan Chase & Co. reduced their price objective on Li Auto from $21.00 to $19.00 and set a "neutral" rating on the stock in a report on Thursday, August 29th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $32.66.

Li Auto Trading Up 4.2 %

NASDAQ LI traded up $1.23 during trading on Monday, reaching $30.51. 16,717,632 shares of the stock traded hands, compared to its average volume of 8,085,068. Li Auto Inc. has a fifty-two week low of $17.44 and a fifty-two week high of $46.44. The company has a quick ratio of 1.63, a current ratio of 1.76 and a debt-to-equity ratio of 0.14. The firm has a market cap of $32.37 billion, a price-to-earnings ratio of 20.37 and a beta of 0.98. The stock's 50-day moving average price is $21.07 and its 200 day moving average price is $22.74.

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

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.