BI Asset Management Fondsmaeglerselskab A S Purchases New Position in Li Auto Inc. (NASDAQ:LI)

BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Li Auto Inc. (NASDAQ:LI - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 13,960 shares of the company's stock, valued at approximately $335,000.

Several other institutional investors have also recently made changes to their positions in LI. RWC Asset Advisors US LLC grew its stake in Li Auto by 20.0% in the 4th quarter. RWC Asset Advisors US LLC now owns 3,181,050 shares of the company's stock worth $76,313,000 after buying an additional 530,390 shares in the last quarter. Barclays PLC lifted its holdings in shares of Li Auto by 41.8% during the 3rd quarter. Barclays PLC now owns 602,028 shares of the company's stock worth $15,442,000 after acquiring an additional 177,414 shares during the last quarter. Atomi Financial Group Inc. purchased a new position in Li Auto in the fourth quarter worth $271,000. Raymond James Financial Inc. bought a new position in Li Auto in the fourth quarter valued at $544,000. Finally, Pinpoint Asset Management Ltd raised its position in Li Auto by 594.4% during the fourth quarter. Pinpoint Asset Management Ltd now owns 131,592 shares of the company's stock valued at $3,357,000 after purchasing an additional 112,642 shares in the last quarter. Institutional investors own 9.88% of the company's stock.

Analysts Set New Price Targets

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

Li Auto Trading Down 1.4 %

Shares of NASDAQ LI traded down $0.34 during mid-day trading on Friday, hitting $23.48. The stock had a trading volume of 2,705,940 shares, compared to its average volume of 7,082,095. The business has a 50 day moving average price of $25.78 and a two-hundred day moving average price of $24.68. Li Auto Inc. has a 1 year low of $17.44 and a 1 year high of $33.12. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.64 and a current ratio of 1.76. The firm has a market cap of $24.59 billion, a P/E ratio of 17.39, a price-to-earnings-growth ratio of 3.27 and a beta of 0.94.

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.