JTC Employer Solutions Trustee Ltd Invests $195,000 in Li Auto Inc. (NASDAQ:LI)

JTC Employer Solutions Trustee Ltd bought a new position in Li Auto Inc. (NASDAQ:LI) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 7,594 shares of the company’s stock, valued at approximately $195,000.

Several other large investors have also recently modified their holdings of the business. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Li Auto by 58.7% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,549 shares of the company’s stock valued at $28,000 after acquiring an additional 573 shares during the period. Blue Trust Inc. boosted its position in shares of Li Auto by 1,707.4% in the second quarter. Blue Trust Inc. now owns 1,952 shares of the company’s stock valued at $35,000 after acquiring an additional 1,844 shares during the period. QRG Capital Management Inc. boosted its position in shares of Li Auto by 58.5% in the second quarter. QRG Capital Management Inc. now owns 11,731 shares of the company’s stock valued at $210,000 after acquiring an additional 4,331 shares during the period. Ballentine Partners LLC boosted its position in shares of Li Auto by 20.6% in the first quarter. Ballentine Partners LLC now owns 7,199 shares of the company’s stock valued at $218,000 after acquiring an additional 1,232 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in shares of Li Auto during the 1st quarter valued at $219,000. Hedge funds and other institutional investors own 9.88% of the company’s stock.

Li Auto Price Performance

Shares of NASDAQ:LI opened at $25.25 on Friday. Li Auto Inc. has a 1-year low of $17.44 and a 1-year 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 business has a fifty day moving average price of $22.53 and a 200-day moving average price of $22.58. The company has a market capitalization of $26.79 billion, a PE ratio of 16.83, a PEG ratio of 2.54 and a beta of 0.98.

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

Analysts Set New Price Targets

Several analysts have issued reports on LI shares. JPMorgan Chase & Co. cut their target price on Li Auto from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. Macquarie reissued a “neutral” rating and set a $33.00 price objective (up previously from $25.00) on shares of Li Auto in a research note on Friday, October 4th. Bank of America raised their price target on Li Auto from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Finally, Citigroup raised their price target on Li Auto from $25.50 to $29.60 and gave the stock a “neutral” rating in a research note on Monday, September 30th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $32.66.

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.