Li Auto Inc. (NASDAQ:LI) Position Increased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. raised its position in Li Auto Inc. (NASDAQ:LI) by 1,059.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,028 shares of the company’s stock after purchasing an additional 22,869 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Li Auto were worth $447,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of Li Auto by 58.7% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,549 shares of the company’s stock worth $28,000 after purchasing an additional 573 shares during the last quarter. Blue Trust Inc. increased its position in Li Auto by 1,707.4% during the second quarter. Blue Trust Inc. now owns 1,952 shares of the company’s stock worth $35,000 after buying an additional 1,844 shares during the last quarter. Scarborough Advisors LLC bought a new position in Li Auto during the fourth quarter valued at about $41,000. Barometer Capital Management Inc. acquired a new stake in shares of Li Auto in the fourth quarter worth about $135,000. Finally, QRG Capital Management Inc. boosted its stake in shares of Li Auto by 58.5% during the 2nd quarter. QRG Capital Management Inc. now owns 11,731 shares of the company’s stock worth $210,000 after acquiring an additional 4,331 shares in the last quarter. 9.88% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Citigroup raised their price objective on Li Auto from $25.50 to $29.60 and gave the company a “neutral” rating in a research note on Monday, September 30th. Bank of America lifted their price target on shares of Li Auto from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Macquarie reaffirmed a “neutral” rating and set a $33.00 price objective (up from $25.00) on shares of Li Auto in a report on Friday, October 4th. Finally, JPMorgan Chase & Co. dropped their target price on shares of 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 assigned a buy rating to the stock. Based on data from MarketBeat, Li Auto has an average rating of “Moderate Buy” and a consensus price target of $32.66.

Li Auto Stock Performance

NASDAQ LI opened at $28.04 on Wednesday. Li Auto Inc. has a 52-week low of $17.44 and a 52-week high of $46.44. 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 firm has a market capitalization of $29.75 billion, a price-to-earnings ratio of 18.15 and a beta of 0.98. The company’s fifty day moving average is $21.29 and its two-hundred day moving average is $22.73.

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

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.