American Century Companies Inc. Acquires 130,598 Shares of Li Auto Inc. (NASDAQ:LI)

American Century Companies Inc. increased its position in Li Auto Inc. (NASDAQ:LI - Free Report) by 14.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,005,524 shares of the company's stock after purchasing an additional 130,598 shares during the quarter. American Century Companies Inc. owned approximately 0.09% of Li Auto worth $24,123,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new stake in shares of Li Auto during the 4th quarter valued at $3,821,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Li Auto during the fourth quarter worth $129,000. Signaturefd LLC increased its holdings in Li Auto by 4.4% in the fourth quarter. Signaturefd LLC now owns 10,184 shares of the company's stock valued at $244,000 after purchasing an additional 428 shares during the last quarter. Corient Private Wealth LLC lifted its stake in Li Auto by 137.5% in the fourth quarter. Corient Private Wealth LLC now owns 26,926 shares of the company's stock valued at $646,000 after buying an additional 15,591 shares during the period. Finally, Daiwa Securities Group Inc. boosted its holdings in 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 buying an additional 500 shares during the last quarter. 9.88% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Remove Ads

Li Auto Stock Down 2.8 %

NASDAQ LI traded down $0.71 on Thursday, reaching $24.81. The company had a trading volume of 1,090,513 shares, compared to its average volume of 7,151,419. The company's fifty day moving average is $26.46 and its 200-day moving average is $25.02. The firm has a market capitalization of $26.32 billion, a price-to-earnings ratio of 18.37, a price-to-earnings-growth ratio of 3.27 and a beta of 0.86. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.64 and a current ratio of 1.76. Li Auto Inc. has a 1-year low of $17.44 and a 1-year high of $33.12.

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.