DRW Securities LLC Has $1.22 Million Stake in Li Auto Inc. (NASDAQ:LI)

DRW Securities LLC increased its position in Li Auto Inc. (NASDAQ:LI) by 251.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 68,397 shares of the company’s stock after purchasing an additional 48,963 shares during the quarter. DRW Securities LLC’s holdings in Li Auto were worth $1,220,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of LI. Brilliance Asset Management Ltd. raised its holdings in shares of Li Auto by 6.9% in the 4th quarter. Brilliance Asset Management Ltd. now owns 4,639,798 shares of the company’s stock worth $173,668,000 after buying an additional 299,531 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Li Auto during the second quarter worth $21,626,000. Franchise Capital Ltd lifted its holdings in shares of Li Auto by 163.2% during the fourth quarter. Franchise Capital Ltd now owns 975,250 shares of the company’s stock valued at $36,504,000 after acquiring an additional 604,773 shares during the period. SIH Partners LLLP boosted its stake in shares of Li Auto by 508.2% in the 1st quarter. SIH Partners LLLP now owns 890,900 shares of the company’s stock valued at $26,976,000 after purchasing an additional 744,419 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Li Auto by 20.5% in 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. Institutional investors and hedge funds own 9.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on LI shares. Citigroup downgraded shares of Li Auto from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Bank of America lifted their target price on shares of Li Auto from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Finally, 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 report on Thursday, August 29th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $36.36.

Li Auto Stock Performance

LI stock opened at $21.54 on Monday. The company has a 50 day moving average price of $19.76 and a 200 day moving average price of $23.53. Li Auto Inc. has a fifty-two week low of $17.44 and a fifty-two 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 stock has a market capitalization of $22.85 billion, a PE ratio of 14.36, a price-to-earnings-growth ratio of 1.78 and a beta of 0.96.

Li Auto (NASDAQ:LI) last released its earnings results on Wednesday, August 28th. The company reported $0.14 earnings per share for the quarter. The company had revenue of $4.36 billion during the quarter. Li Auto had a return on equity of 13.70% and a net margin of 7.65%. Analysts forecast that Li Auto Inc. will post 1.04 EPS for the current year.

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.