Northwestern Mutual Wealth Management Co. Has $447,000 Position in Li Auto Inc. (NASDAQ:LI)

Northwestern Mutual Wealth Management Co. increased its holdings in shares of Li Auto Inc. (NASDAQ:LI - Free Report) by 1,059.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,028 shares of the company's stock after acquiring an additional 22,869 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in Li Auto were worth $447,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Barometer Capital Management Inc. bought a new stake in shares of Li Auto during the 4th quarter valued at $135,000. Point72 Italy S.r.l. bought a new stake in Li Auto during the fourth quarter worth about $1,078,000. Franchise Capital Ltd grew its stake in Li Auto by 163.2% during the fourth quarter. Franchise Capital Ltd now owns 975,250 shares of the company's stock worth $36,504,000 after buying an additional 604,773 shares in the last quarter. Prelude Capital Management LLC acquired a new stake in Li Auto during the fourth quarter worth about $10,753,000. Finally, OLD Mission Capital LLC bought a new position in Li Auto in the 4th quarter valued at about $17,696,000. Institutional investors and hedge funds own 9.88% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on LI shares. Macquarie reaffirmed a "neutral" rating and set a $33.00 price target (up previously from $25.00) on shares of Li Auto in a report on Friday, October 4th. Citigroup upped their target price on Li Auto from $25.50 to $29.60 and gave the stock a "neutral" rating in a research note on Monday, September 30th. JPMorgan Chase & Co. decreased their price target on Li Auto from $21.00 to $19.00 and set a "neutral" rating on the stock in a research note on Thursday, August 29th. Finally, Bank of America upped their price objective on Li Auto from $30.00 to $31.00 and gave the stock a "buy" rating in a research report on Thursday, August 29th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Li Auto presently has a consensus rating of "Moderate Buy" and an average price target of $32.66.

Li Auto Price Performance

Shares of LI traded down $0.12 during trading hours on Wednesday, reaching $27.92. The stock had a trading volume of 9,966,043 shares, compared to its average volume of 8,106,042. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.63 and a current ratio of 1.76. Li Auto Inc. has a 12 month low of $17.44 and a 12 month high of $46.44. The stock has a market capitalization of $29.62 billion, a PE ratio of 18.69 and a beta of 0.98. The company's 50-day moving average is $21.48 and its two-hundred day moving average is $22.72.

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

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.