SK Wealth Management LLC Takes $1.16 Million Position in Li Auto Inc. (NASDAQ:LI)

SK Wealth Management LLC purchased a new position in Li Auto Inc. (NASDAQ:LI - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 45,500 shares of the company's stock, valued at approximately $1,160,000. Li Auto accounts for 0.5% of SK Wealth Management LLC's portfolio, making the stock its 27th largest holding.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Virtu Financial LLC lifted its holdings in shares of Li Auto by 269.7% in the third quarter. Virtu Financial LLC now owns 55,908 shares of the company's stock valued at $1,434,000 after buying an additional 40,785 shares during the period. Barclays PLC lifted its holdings in Li Auto by 41.8% in the 3rd quarter. Barclays PLC now owns 602,028 shares of the company's stock valued at $15,442,000 after acquiring an additional 177,414 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Li Auto in the 3rd quarter valued at about $903,000. XTX Topco Ltd bought a new position in shares of Li Auto during the 3rd quarter valued at about $1,153,000. Finally, Quantinno Capital Management LP acquired a new position in shares of Li Auto in the 3rd quarter worth approximately $343,000. 9.88% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

LI has been the subject of several research reports. Macquarie reissued a "neutral" rating and set a $33.00 price objective (up from $25.00) on shares of Li Auto in a research note on Friday, October 4th. Citigroup increased 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, Barclays lifted their price target on Li Auto from $22.00 to $31.00 and gave the stock an "equal weight" rating in a research note on Monday, November 4th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, Li Auto presently has a consensus rating of "Moderate Buy" and a consensus target price of $33.94.

Li Auto Stock Down 4.8 %

Shares of Li Auto stock traded down $1.22 during trading on Monday, hitting $24.27. 6,109,521 shares of the stock traded hands, compared to its average volume of 7,694,336. The stock has a market cap of $25.75 billion, a P/E ratio of 17.98, a PEG ratio of 2.13 and a beta of 0.94. The company has a fifty day moving average price of $24.06 and a two-hundred day moving average price of $22.16. Li Auto Inc. has a twelve month low of $17.44 and a twelve month high of $46.44. 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 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.