Li Auto Inc. (NASDAQ:LI) Shares Purchased by Brilliance Asset Management Ltd.

Brilliance Asset Management Ltd. raised its position in shares of Li Auto Inc. (NASDAQ:LI - Free Report) by 0.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,508,642 shares of the company's stock after purchasing an additional 24,416 shares during the period. Li Auto accounts for approximately 19.0% of Brilliance Asset Management Ltd.'s holdings, making the stock its 3rd biggest position. Brilliance Asset Management Ltd. owned approximately 0.33% of Li Auto worth $84,172,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of LI. BNP Paribas grew its position in Li Auto by 300.0% in the 3rd quarter. BNP Paribas now owns 2,000 shares of the company's stock valued at $51,000 after buying an additional 1,500 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings 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 valued at $84,000 after acquiring an additional 500 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of Li Auto during the fourth quarter valued at approximately $129,000. Blue Trust Inc. raised its holdings in 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 purchasing an additional 2,015 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in Li Auto in the fourth quarter worth approximately $191,000. Institutional investors own 9.88% of the company's stock.

Li Auto Stock Down 1.2 %

LI traded down $0.29 on Monday, reaching $25.23. 2,119,138 shares of the company traded hands, compared to its average volume of 7,192,384. The stock's 50 day moving average price is $26.31 and its 200-day moving average price is $24.92. 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 Inc. has a 52-week low of $17.44 and a 52-week high of $33.12. The company has a market cap of $26.77 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 3.27 and a beta of 0.86.

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Wall Street Analyst Weigh In

A number of research firms have recently commented on LI. Nomura Securities raised Li Auto to a "hold" rating 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. JPMorgan Chase & Co. upgraded shares of Li Auto from a "neutral" rating to an "overweight" rating and raised their price objective 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 target price on the stock. in a report on Monday, March 17th. Finally, HSBC set a $38.50 target price on shares of Li Auto and gave the stock a "buy" rating in a report on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $35.73.

Li Auto 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.