SG Americas Securities LLC Acquires 45,008 Shares of Li Auto Inc. (NASDAQ:LI)

SG Americas Securities LLC boosted its holdings in Li Auto Inc. (NASDAQ:LI) by 26.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 212,415 shares of the company’s stock after buying an additional 45,008 shares during the quarter. SG Americas Securities LLC’s holdings in Li Auto were worth $5,096,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in LI. Allspring Global Investments Holdings LLC purchased a new position in Li Auto in the third quarter worth $39,000. Venturi Wealth Management LLC bought a new stake in Li Auto during the third quarter worth about $50,000. BNP Paribas boosted its holdings in shares of Li Auto by 300.0% in the 3rd quarter. BNP Paribas now owns 2,000 shares of the company’s stock worth $51,000 after purchasing an additional 1,500 shares in the last quarter. Avior Wealth Management LLC increased its position in shares of Li Auto by 708.5% during the 3rd quarter. Avior Wealth Management LLC now owns 2,385 shares of the company’s stock valued at $61,000 after purchasing an additional 2,090 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Li Auto by 55.9% during the 3rd quarter. Blue Trust Inc. now owns 3,043 shares of the company’s stock valued at $78,000 after buying an additional 1,091 shares in the last quarter. 9.88% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Barclays upped their target price on Li Auto from $22.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Citigroup increased their target price on shares of Li Auto from $25.50 to $29.60 and gave the company a “neutral” rating in a report on Monday, September 30th. Finally, Macquarie restated a “neutral” rating and set a $33.00 price target (up from $25.00) on shares of Li Auto in a research report on Friday, October 4th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Li Auto has a consensus rating of “Hold” and a consensus target price of $33.94.

Li Auto Trading Up 1.8 %

NASDAQ LI opened at $23.21 on Friday. Li Auto Inc. has a 12 month low of $17.44 and a 12 month high of $46.44. The company has a current ratio of 1.76, a quick ratio of 1.64 and a debt-to-equity ratio of 0.13. The stock’s fifty day moving average price is $23.12 and its 200-day moving average price is $22.68. The stock has a market cap of $24.63 billion, a P/E ratio of 17.19, a P/E/G ratio of 1.27 and a beta of 0.93.

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.