As the latest 13F filing filed with the SEC by Li Auto Inc. shows, Great West Life Assurance Co. may be able to increase its stake in the company trading under the ticker symbol LI. An investment fund purchased 629,464 shares of the company for approximately $14,473,000. Great West Life Assurance Co. held his 0.06% stake in Li Auto, the company’s recent Securities and Exchange Commission (SEC) filings showed.
Recent transactions involving other significant investors included the purchase and sale of business shares. Recent events have resulted in these transactions. During the second quarter, B. Metzler Seel Sohn & Co. AG increased his proportion of Li Auto shares held by 33.7%. This brings the total number of shares held by B. Metzler Seel Sohn & Co. AG to 24,792, with a value of $950,000 for these shares. B. Metzler Seel Sohn & Co. AG now holds an additional 6,253 of his shares. Through the second quarter, Nine Masts Capital was able to increase its stake in Li Auto by 205.6%. NINE MASTS CAPITAL Ltd now holds a total of 489,944 shares valued at $19,092,000 after purchasing an additional 329,624 of his shares in the most recent quarter. These shares were acquired for an aggregate consideration of $19,092,000. Activist Wealth Management increased its Li Auto holding size by 103.3% through the third quarter. Activist Wealth Management now holds 2,952 shares after he purchased an additional 1,500 shares in the most recent quarter. In the second quarter of this year, Yong Rong HK Asset Management Ltd. invested US$2,721,000 in Li Auto. In the third quarter of this year, Desjardins Global Asset Management Inc. increased the percentage of its holdings allocated to Li Auto by 540.4%. This was done so that competitors could not outdo them. In the most recent quarter, Desjardins Global Asset Management Inc. acquired an additional 9,835 shares in the company, bringing the total number of shares owned by the company to 11,655. These shares are currently valued at $268,000 and are owned by the company. The combined holdings of the company’s shares by institutional investors and hedge funds amount to 20.97% of the company’s total shares.
Several different brokerage firms each have and share their own views on LI. On December 15, CLSA released a research report, saying it lowered Li Auto’s target price from $49.00 to $31.00. This information was included in the report. Barclays has assigned an ‘overweight’ rating to Li Auto in a research report released to the public on Friday 28 October. Jefferies Financial Group released its research report on November 28, discussing Li-Auto for the first time. This was the first publication of the report. They proposed a ‘buy’ investment in the company and set a price target of $20.66. DBS Vickers’ investigative report published on his Nov. 28 marked the beginning of the company’s coverage of Li Auto and completed the company’s coverage circle. They recommended buying stock in the entire company. According to Bloomberg, nine different research analysts recommend buying the company’s stock as an investment.
Thursday was the first day of the NASDAQ. LI was tradeable and opened at $21.26. The moving average of the company’s stock price over the last 50 days is $20.13 and the moving average over the last 200 days is $24.78. Li Auto Inc.’s 12-month low is currently $12.52 and its 12-month high is currently $41.49. The company has a price/earnings ratio of -73.97 and a beta of 0.64. The total value of the company as measured by market capitalization is $22.16 billion. The debt-to-equity ratio is 0.20, the current ratio is 2.83, the quick ratio is 2.58, and the current ratio is 2.83.
Li Automotive, Inc., through its subsidiary in the People’s Republic of China, designs, develops, manufactures and markets vehicles powered by non-traditional energy sources. An intelligent electric sport utility vehicle with seating for up to six, ADAS navigation and autonomous emergency braking is he one of the options the manufacturer offers. In addition, the vehicle is equipped with intelligent vehicle technology. It is referred to by its official moniker, Li ONE.
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