Bridgewater Associates LP Boosts Holdings in Li Auto Inc. (NASDAQ:LI)

Bridgewater Associates LP increased its position in shares of Li Auto Inc. (NASDAQ:LI - Free Report) by 130.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 32,652 shares of the company's stock after purchasing an additional 18,489 shares during the quarter. Bridgewater Associates LP's holdings in Li Auto were worth $783,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the business. Daiwa Securities Group Inc. increased 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 worth $84,000 after purchasing an additional 500 shares during the last quarter. Blue Trust Inc. raised 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 purchasing an additional 2,015 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in Li Auto during the 4th quarter worth about $129,000. SBI Securities Co. Ltd. acquired a new stake in shares of Li Auto during the fourth quarter worth about $191,000. Finally, Ballentine Partners LLC acquired a new stake in Li Auto during the 4th quarter worth approximately $223,000. Hedge funds and other institutional investors own 9.88% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on LI. 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 lifted their target price for the company from $22.00 to $40.00 in a report on Friday, February 28th. Macquarie downgraded Li Auto from an "outperform" rating to a "neutral" rating and set a $27.00 price objective for the company. in a research note on Monday, March 17th. Cfra Research upgraded shares of Li Auto to a "strong sell" rating in a research report on Friday, March 21st. Finally, HSBC set a $38.50 price target on Li Auto and gave the company a "buy" rating in a report on Thursday, March 6th. One research 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 data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $35.73.

Li Auto Price Performance

Shares of NASDAQ LI traded up $0.22 on Wednesday, hitting $24.00. The company's stock had a trading volume of 3,053,479 shares, compared to its average volume of 7,159,891. The stock has a 50 day moving average of $25.90 and a 200-day moving average of $24.79. The company has a market capitalization of $25.13 billion, a price-to-earnings ratio of 17.77, a price-to-earnings-growth ratio of 3.27 and a beta of 0.94. Li Auto Inc. has a 12-month low of $17.44 and a 12-month high of $33.12. 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 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.