Arrowstreet Capital Limited Partnership Buys 136,904 Shares of Li Auto Inc. (NASDAQ:LI)

Arrowstreet Capital Limited Partnership raised its stake in Li Auto Inc. (NASDAQ:LI - Free Report) by 110.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 260,552 shares of the company's stock after purchasing an additional 136,904 shares during the quarter. Arrowstreet Capital Limited Partnership's holdings in Li Auto were worth $6,251,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. lifted its position in Li Auto by 16.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the company's stock valued at $84,000 after buying an additional 500 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Li Auto during the fourth quarter valued at approximately $129,000. Blue Trust Inc. boosted its holdings in Li Auto by 66.2% in the fourth quarter. Blue Trust Inc. now owns 5,058 shares of the company's stock worth $130,000 after purchasing an additional 2,015 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Li Auto during the 4th quarter valued at about $191,000. Finally, Ballentine Partners LLC bought a new stake in shares of Li Auto in the 4th quarter worth approximately $223,000. 9.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Li Auto Stock Up 4.4 %

NASDAQ:LI traded up $0.98 during trading hours on Friday, reaching $23.23. 9,284,358 shares of the stock were exchanged, compared to its average volume of 7,278,004. The stock has a market cap of $24.32 billion, a PE ratio of 17.21, a PEG ratio of 3.27 and a beta of 0.94. Li Auto Inc. has a twelve month low of $17.44 and a twelve month high of $33.12. The firm has a 50 day moving average of $26.18 and a 200 day moving average of $25.00. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.76 and a quick ratio of 1.64.

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.