Abacus FCF Advisors LLC Buys New Shares in Li Auto Inc. (NASDAQ:LI)

Abacus FCF Advisors LLC purchased a new stake in Li Auto Inc. (NASDAQ:LI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 34,019 shares of the company's stock, valued at approximately $816,000.

Other hedge funds have also recently bought and sold shares of the company. Daiwa Securities Group Inc. lifted its stake in shares of Li Auto by 16.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the company's stock worth $84,000 after purchasing an additional 500 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in Li Auto in the 4th quarter worth approximately $129,000. Blue Trust Inc. grew its position in Li Auto by 66.2% in the fourth quarter. Blue Trust Inc. now owns 5,058 shares of the company's stock valued at $130,000 after acquiring an additional 2,015 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Li Auto during the fourth quarter valued at approximately $191,000. Finally, Ballentine Partners LLC acquired a new position in shares of Li Auto during the fourth quarter worth $223,000. Hedge funds and other institutional investors own 9.88% of the company's stock.

Li Auto Trading Up 1.4 %

NASDAQ LI traded up $0.32 on Monday, hitting $23.55. 2,406,684 shares of the stock were exchanged, compared to its average volume of 7,265,599. The company has a market capitalization of $24.66 billion, a price-to-earnings ratio of 17.44, a P/E/G ratio of 3.27 and a beta of 0.94. The company's 50-day moving average price is $26.18 and its two-hundred day moving average price is $24.99. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.76 and a quick ratio of 1.64. Li Auto Inc. has a 52-week low of $17.44 and a 52-week high of $33.12.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on LI shares. Cfra Research upgraded Li Auto to a "strong sell" rating in a research note on Friday, March 21st. HSBC set a $38.50 price target on shares of Li Auto and gave the stock a "buy" rating in a research note on Thursday, March 6th. Nomura Securities upgraded shares of Li Auto to a "hold" rating in a research note on Monday, March 17th. JPMorgan Chase & Co. raised shares of Li Auto from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $22.00 to $40.00 in a research report on Friday, February 28th. Finally, Macquarie cut shares of Li Auto from an "outperform" rating to a "neutral" rating and set a $27.00 price target on the stock. in a research report on Monday, March 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $35.73.

Li Auto Company 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.