Atlas Capital Advisors LLC Boosts Stake in Li Auto Inc. (NASDAQ:LI)

Atlas Capital Advisors LLC raised its holdings in Li Auto Inc. (NASDAQ:LI) by 46.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,592 shares of the company’s stock after acquiring an additional 3,372 shares during the period. Atlas Capital Advisors LLC’s holdings in Li Auto were worth $321,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of LI. Scarborough Advisors LLC purchased a new stake in Li Auto during the 4th quarter valued at about $41,000. Rakuten Securities Inc. bought a new stake in Li Auto during the 4th quarter valued at $57,000. Employees Retirement System of Texas purchased a new stake in Li Auto during the 3rd quarter valued at $130,000. Barometer Capital Management Inc. purchased a new position in shares of Li Auto in the fourth quarter valued at about $135,000. Finally, Tucker Asset Management LLC bought a new position in shares of Li Auto during the third quarter valued at about $217,000. Institutional investors own 9.88% of the company’s stock.

Li Auto Stock Performance

NASDAQ:LI opened at $18.34 on Friday. The company has a market cap of $19.46 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 2.24 and a beta of 1.00. Li Auto Inc. has a 1 year low of $17.75 and a 1 year high of $47.33. The stock’s 50 day simple moving average is $22.39 and its two-hundred day simple moving average is $29.26. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.37.

Li Auto (NASDAQ:LI) last issued its quarterly earnings data on Monday, May 20th. The company reported $0.08 earnings per share for the quarter. The company had revenue of $3.55 billion for the quarter. Li Auto had a return on equity of 16.65% and a net margin of 8.73%. As a group, equities analysts anticipate that Li Auto Inc. will post 1.04 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LI has been the topic of several research reports. Bank of America cut their price objective on Li Auto from $41.00 to $36.00 and set a “buy” rating on the stock in a research report on Tuesday, May 21st. Citigroup dropped their target price on shares of Li Auto from $57.30 to $48.50 and set a “buy” rating on the stock in a report on Friday, March 22nd. Macquarie started coverage on shares of Li Auto in a research note on Monday, April 15th. They issued an “outperform” rating and a $40.00 price target for the company. Barclays cut their price objective on shares of Li Auto from $25.00 to $22.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 21st. Finally, Morgan Stanley dropped their price target on Li Auto from $65.00 to $53.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 21st. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $40.50.

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.