Tiger Global Management LLC recently announced the acquisition of new stake in Li Auto Inc. (NASDAQ:LI). The institutional investor has increased its shareholding in the Consumer Cyclical company by 34.55% to 17.21 million shares with purchase of 4.42 million shares. This fresh investment now brings its stake to 1.99% valued currently at $234.42 million. In addition, The Vanguard Group, Inc. raised its holdings by 0.34 million to 15.11 million shares. And Renaissance Technologies LLC has lifted its position by 106.00% or 6.39 million shares – to 12.42 million shares.
With over 9.77 million Li Auto Inc. (LI) shares trading Tuesday and a closing price of $16.73 on the day, the dollar volume was approximately $163.43 million. The shares have shown a negative half year performance of -23.12% and its price on 11/22/22 lost nearly -4.78%. Currently, there are 965.40M common shares owned by the public and among those 864.07M shares have been available to trade.
The top 3 mutual fund holders in Li Auto Inc. are Vanguard Emerging Markets Stock I, Vanguard Total International Stoc, and iShares Core MSCI Emerging Market. Vanguard Emerging Markets Stock I owns 7.02 million shares of the company’s stock, all valued at over $95.63 million. The company bought an additional 31850.0 shares recently to bring their total holdings to about 0.81% of the shares outstanding. Vanguard Total International Stoc bought 39390.0 shares to see its total holdings expand to 6.81 million shares valued at over $92.79 million and representing 0.79% of the shares outstanding. iShares Core MSCI Emerging Market now owns shares totaling to 0.55% of the shares outstanding.
Shares of Li Auto Inc. (NASDAQ: LI) opened at $16.91, down -$0.66 from a prior closing price of $17.57. However, the script later moved the day high at 17.06, down -4.78%. The company’s stock has a 5-day price change of -11.67% and -43.67% over the past three months. LI shares are trading -47.88% year to date (YTD), with the 12-month market performance down to -46.36% lower. It has a 12-month low price of $12.52 and touched a high of $41.49 over the same period. LI has an average intraday trading volume of 11.78 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.19%, -16.60%, and -37.30% respectively.
Institutional ownership of Li Auto Inc. (NASDAQ: LI) shares accounts for 27.30% of the company’s 965.40M shares outstanding. Mutual fund holders own 10.01%, while other institutional holders and individual stakeholders account for 15.40% and — respectively.
It has a market capitalization of $17.24B. The earnings-per-share (ttm) stands at -$0.05. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.44% over the week and 7.30% over the month.
Analysts forecast that Li Auto Inc. (LI) will achieve an EPS of -$0.07 for the current quarter, $0.06 for the next quarter and $0.22 for 2023. The lowest estimate earnings-per-share for the quarter is -$0.16 while analysts give the company a high EPS estimate of $0.03. Comparatively, EPS for the current quarter was $0 a year ago. Earnings per share for the fiscal year are expected to increase by 61.10%, and 223.10% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 35 brokerage firm advisors rate Li Auto Inc. (LI) as a “Strong Buy” at a consensus score of 1.80. Specifically, 27 Wall Street analysts polled rate the stock as a buy, while 4 of the 35 advise that investors “hold,” and 0 rated it as a “Sell.”
HSBC Securities coverage for the Li Auto Inc. (LI) stock in a research note released on April 04, 2022 offered a Buy rating with a price target of $35. China Renaissance was of a view on March 24, 2022 that the stock is Buy, while Barclays gave the stock Overweight rating on February 08, 2022, issuing a price target of $38. Macquarie on their part issued Outperform rating on January 12, 2022.