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

American Century Companies Inc. boosted its holdings in shares of Li Auto Inc. (NASDAQ:LI - Free Report) by 14.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,005,524 shares of the company's stock after buying an additional 130,598 shares during the period. American Century Companies Inc. owned about 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 bought and sold shares of the business. Aspex Management HK Ltd grew its stake in shares of Li Auto by 55.0% in the 3rd quarter. Aspex Management HK Ltd now owns 10,643,926 shares of the company's stock valued at $273,017,000 after purchasing an additional 3,778,463 shares during the period. FMR LLC grew its position in Li Auto by 422.4% in the third quarter. FMR LLC now owns 4,252,398 shares of the company's stock valued at $109,074,000 after acquiring an additional 3,438,410 shares during the period. RWC Asset Advisors US LLC grew its position in Li Auto by 20.0% in the fourth quarter. RWC Asset Advisors US LLC now owns 3,181,050 shares of the company's stock valued at $76,313,000 after acquiring an additional 530,390 shares during the period. Barclays PLC raised its stake in Li Auto by 41.8% during the third quarter. Barclays PLC now owns 602,028 shares of the company's stock worth $15,442,000 after acquiring an additional 177,414 shares in the last quarter. Finally, NINE MASTS CAPITAL Ltd bought a new position in shares of Li Auto during the fourth quarter valued at $6,637,000. Institutional investors own 9.88% of the company's stock.

Analyst Upgrades and Downgrades

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

Li Auto Trading Down 2.9 %

NASDAQ:LI traded down $0.75 during trading hours on Thursday, hitting $24.77. 3,618,476 shares of the stock were exchanged, compared to its average volume of 7,166,215. The company has a market capitalization of $26.28 billion, a P/E ratio of 18.35, a price-to-earnings-growth ratio of 3.27 and a beta of 0.86. The company has a quick ratio of 1.64, a current ratio of 1.76 and a debt-to-equity ratio of 0.13. The company's 50 day moving average is $26.50 and its two-hundred day moving average is $25.02. Li Auto Inc. has a twelve month low of $17.44 and a twelve month 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.