Capital Wealth Planning LLC Makes New $854,000 Investment in Li Auto Inc. (NASDAQ:LI)

Capital Wealth Planning LLC acquired a new position in Li Auto Inc. (NASDAQ:LI) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 28,219 shares of the company’s stock, valued at approximately $854,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of LI. American Century Companies Inc. boosted its stake in Li Auto by 19.4% in the third quarter. American Century Companies Inc. now owns 296,355 shares of the company’s stock worth $10,565,000 after purchasing an additional 48,089 shares in the last quarter. FNY Investment Advisers LLC raised its position in shares of Li Auto by 187,400.0% during the fourth quarter. FNY Investment Advisers LLC now owns 15,000 shares of the company’s stock worth $561,000 after acquiring an additional 14,992 shares during the last quarter. Ariose Capital Management Ltd bought a new stake in shares of Li Auto during the fourth quarter worth $29,555,000. NEW THINKING HONG KONG INVESTMENT MANAGEMENT CO. Ltd raised its position in shares of Li Auto by 63.4% during the fourth quarter. NEW THINKING HONG KONG INVESTMENT MANAGEMENT CO. Ltd now owns 187,606 shares of the company’s stock worth $7,022,000 after acquiring an additional 72,798 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in shares of Li Auto by 673.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 64,366 shares of the company’s stock worth $2,409,000 after acquiring an additional 56,039 shares during the last quarter. Institutional investors and hedge funds own 9.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on LI. Bank of America dropped their price objective on Li Auto from $41.00 to $36.00 and set a “buy” rating for the company in a report on Tuesday, May 21st. Barclays dropped their price objective on Li Auto from $25.00 to $22.00 and set an “equal weight” rating for the company in a report on Tuesday, May 21st. Citigroup dropped their price objective on Li Auto from $57.30 to $48.50 and set a “buy” rating for the company in a report on Friday, March 22nd. Macquarie began coverage on Li Auto in a report on Monday, April 15th. They issued an “outperform” rating and a $40.00 price objective for the company. Finally, Morgan Stanley dropped their price objective on Li Auto from $65.00 to $53.00 and set an “overweight” rating for the company in a report on Tuesday, May 21st. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $40.08.

Li Auto Stock Performance

Shares of NASDAQ LI traded down $0.16 during trading hours on Friday, reaching $21.28. 16,399,617 shares of the stock were exchanged, compared to its average volume of 5,704,792. The firm has a market capitalization of $22.58 billion, a price-to-earnings ratio of 14.19, a P/E/G ratio of 2.59 and a beta of 0.97. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.37 and a current ratio of 1.53. Li Auto Inc. has a 52 week low of $17.75 and a 52 week high of $47.33. The stock’s fifty day simple moving average is $21.13 and its 200 day simple moving average is $28.13.

Li Auto (NASDAQ:LI) last posted its quarterly earnings data on Monday, May 20th. The company reported $0.08 EPS for the quarter. Li Auto had a return on equity of 16.65% and a net margin of 8.73%. The firm had revenue of $3.55 billion for the quarter. Sell-side analysts predict that Li Auto Inc. will post 1.04 EPS for the current year.

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.