DRW Securities LLC Purchases 12,869 Shares of Li Auto Inc. (NASDAQ:LI)

DRW Securities LLC increased its stake in Li Auto Inc. (NASDAQ:LI - Free Report) by 148.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,531 shares of the company's stock after acquiring an additional 12,869 shares during the quarter. DRW Securities LLC's holdings in Li Auto were worth $517,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of LI. Signaturefd LLC increased its stake in Li Auto by 4.4% in the 4th quarter. Signaturefd LLC now owns 10,184 shares of the company's stock worth $244,000 after purchasing an additional 428 shares in the last quarter. Daiwa Securities Group Inc. increased its position in shares of Li Auto by 16.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the company's stock worth $84,000 after acquiring an additional 500 shares in the last quarter. Amundi raised its holdings in shares of Li Auto by 1.2% during the fourth quarter. Amundi now owns 78,098 shares of the company's stock valued at $1,811,000 after acquiring an additional 888 shares during the period. Geode Capital Management LLC lifted its position in shares of Li Auto by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 177,767 shares of the company's stock valued at $4,265,000 after acquiring an additional 1,560 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in Li Auto by 66.2% in the 4th 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. 9.88% of the stock is owned by institutional investors and hedge funds.

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Li Auto Stock Down 2.8 %

LI traded down $0.67 during midday trading on Tuesday, hitting $23.18. 1,450,401 shares of the company's stock traded hands, compared to its average volume of 7,260,725. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.76 and a quick ratio of 1.64. The company has a market cap of $24.27 billion, a PE ratio of 17.17, a price-to-earnings-growth ratio of 3.27 and a beta of 0.94. Li Auto Inc. has a one year low of $17.44 and a one year high of $33.12. The stock's fifty day simple moving average is $26.19 and its 200-day simple moving average is $24.98.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on LI. Macquarie lowered Li Auto from an "outperform" rating to a "neutral" rating and set a $27.00 target price for the company. in a report on Monday, March 17th. Cfra Research upgraded Li Auto to a "strong sell" rating in a research report on Friday, March 21st. JPMorgan Chase & Co. raised 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 raised shares of Li Auto to a "hold" rating in a research report on Monday, March 17th. Finally, HSBC set a $38.50 price objective on shares of 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 given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Li Auto presently has an average rating of "Hold" and an average price target of $35.73.

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.