Janney Montgomery Scott LLC Acquires 13,139 Shares of Li Auto Inc. (NASDAQ:LI)

Janney Montgomery Scott LLC lifted its position in shares of Li Auto Inc. (NASDAQ:LI) by 43.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,137 shares of the company’s stock after purchasing an additional 13,139 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Li Auto were worth $1,106,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. increased its stake in shares of Li Auto by 20.5% during the 2nd quarter. American Century Companies Inc. now owns 726,684 shares of the company’s stock worth $12,993,000 after purchasing an additional 123,838 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Li Auto by 2,556.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,630,537 shares of the company’s stock worth $93,503,000 after acquiring an additional 3,493,881 shares during the period. Ariose Capital Management Ltd bought a new stake in shares of Li Auto during the 3rd quarter worth approximately $18,099,000. DekaBank Deutsche Girozentrale lifted its holdings in shares of Li Auto by 510.0% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 76,450 shares of the company’s stock worth $2,370,000 after acquiring an additional 63,917 shares during the period. Finally, Swedbank AB bought a new position in Li Auto in the 1st quarter valued at approximately $2,003,000. 9.88% of the stock is owned by institutional investors.

Li Auto Trading Up 2.2 %

Shares of NASDAQ LI opened at $22.72 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.76 and a quick ratio of 1.64. The stock has a market capitalization of $24.11 billion, a P/E ratio of 16.83, a price-to-earnings-growth ratio of 2.14 and a beta of 0.99. Li Auto Inc. has a 1-year low of $17.44 and a 1-year high of $46.44. The business has a fifty day moving average price of $24.80 and a 200 day moving average price of $22.18.

Li Auto (NASDAQ:LI) last posted its earnings results on Wednesday, August 28th. The company reported $0.14 EPS for the quarter. The firm had revenue of $4.36 billion for the quarter. Li Auto had a return on equity of 13.03% and a net margin of 7.20%. Equities research analysts expect that Li Auto Inc. will post 1.04 EPS for the current fiscal year.

Analyst Ratings Changes

LI has been the subject of several recent research reports. Citigroup upped their price target on shares of Li Auto from $25.50 to $29.60 and gave the company a “neutral” rating in a research report on Monday, September 30th. JPMorgan Chase & Co. lowered their target price on Li Auto from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. Barclays increased their price target on Li Auto from $22.00 to $31.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Macquarie restated a “neutral” rating and issued a $33.00 price objective (up previously from $25.00) on shares of Li Auto in a research note on Friday, October 4th. Finally, Bank of America upped their price objective on Li Auto from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.94.

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.