Li Auto Inc. (NASDAQ:LI) Shares Acquired by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC increased its stake in Li Auto Inc. (NASDAQ:LI - Free Report) by 91.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,558 shares of the company's stock after purchasing an additional 13,187 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in Li Auto were worth $661,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Arrowstreet Capital Limited Partnership increased its holdings in shares of Li Auto by 110.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 260,552 shares of the company's stock worth $6,251,000 after buying an additional 136,904 shares during the period. Brilliance Asset Management Ltd. lifted its stake in Li Auto by 0.7% during the 4th quarter. Brilliance Asset Management Ltd. now owns 3,508,642 shares of the company's stock valued at $84,172,000 after acquiring an additional 24,416 shares during the period. American Century Companies Inc. lifted its stake in shares of Li Auto by 14.9% in the 4th quarter. American Century Companies Inc. now owns 1,005,524 shares of the company's stock worth $24,123,000 after purchasing an additional 130,598 shares during the period. Quantbot Technologies LP bought a new position in shares of Li Auto in the fourth quarter worth approximately $3,821,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in Li Auto during the fourth quarter valued at $129,000. Institutional investors own 9.88% of the company's stock.

Analysts Set New Price Targets

LI has been the topic of a number of analyst reports. Cfra Research raised Li Auto to a "strong sell" rating in a research note on Friday, March 21st. HSBC set a $38.50 price target on shares of Li Auto and gave the stock a "buy" rating in a research report on Thursday, March 6th. 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. Nomura Securities raised Li Auto to a "hold" rating in a research report on Monday, March 17th. Finally, JPMorgan Chase & Co. raised shares of Li Auto from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $22.00 to $40.00 in a report on Friday, February 28th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $35.73.

Li Auto Stock Performance

LI traded up $0.75 on Monday, reaching $23.98. The company had a trading volume of 754,621 shares, compared to its average volume of 7,259,400. The stock has a 50-day moving average price of $26.18 and a 200-day moving average price of $24.99. The stock has a market capitalization of $25.11 billion, a PE ratio of 17.77, a P/E/G ratio of 3.27 and a beta of 0.94. 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 1 year low of $17.44 and a 1 year high of $33.12.

About Li Auto

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.