Corient Private Wealth LLC Has $646,000 Stake in Li Auto Inc. (NASDAQ:LI)

Corient Private Wealth LLC boosted its position in Li Auto Inc. (NASDAQ:LI - Free Report) by 137.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,926 shares of the company's stock after purchasing an additional 15,591 shares during the period. Corient Private Wealth LLC's holdings in Li Auto were worth $646,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of LI. Daiwa Securities Group Inc. increased its holdings in Li Auto by 16.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the company's stock valued at $84,000 after purchasing an additional 500 shares during the period. Amundi increased its stake in shares of Li Auto by 1.2% in the fourth quarter. Amundi now owns 78,098 shares of the company's stock valued at $1,811,000 after buying an additional 888 shares during the period. Blue Trust Inc. raised its position in shares of Li Auto by 66.2% during the fourth quarter. Blue Trust Inc. now owns 5,058 shares of the company's stock worth $130,000 after acquiring an additional 2,015 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Li Auto during the fourth quarter worth about $191,000. Finally, Ballentine Partners LLC acquired a new position in shares of Li Auto in the fourth quarter worth approximately $223,000. 9.88% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

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Li Auto Stock Down 1.3 %

NASDAQ:LI traded down $0.32 on Monday, hitting $25.20. The stock had a trading volume of 5,272,805 shares, compared to its average volume of 7,204,258. The company has a quick ratio of 1.64, a current ratio of 1.76 and a debt-to-equity ratio of 0.13. Li Auto Inc. has a 52 week low of $17.44 and a 52 week high of $33.12. The business's fifty day moving average is $26.31 and its 200 day moving average is $24.92. The company has a market cap of $26.74 billion, a PE ratio of 18.67, a P/E/G ratio of 3.27 and a beta of 0.86.

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.