NINE MASTS CAPITAL Ltd Invests $6.64 Million in Li Auto Inc. (NASDAQ:LI)

NINE MASTS CAPITAL Ltd purchased a new position in shares of Li Auto Inc. (NASDAQ:LI - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 274,400 shares of the company's stock, valued at approximately $6,637,000. Li Auto accounts for about 1.2% of NINE MASTS CAPITAL Ltd's investment portfolio, making the stock its 10th largest holding.

Other institutional investors have also modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in Li Auto during the fourth quarter valued at approximately $191,000. RWC Asset Advisors US LLC grew its stake in shares of Li Auto by 20.0% during the 4th quarter. RWC Asset Advisors US LLC now owns 3,181,050 shares of the company's stock worth $76,313,000 after purchasing an additional 530,390 shares during the period. ABC Arbitrage SA purchased a new position in shares of Li Auto during the 4th quarter valued at approximately $331,000. Ping Capital Management Inc. lifted its stake in shares of Li Auto by 161.9% in the 4th quarter. Ping Capital Management Inc. now owns 27,500 shares of the company's stock valued at $660,000 after purchasing an additional 17,000 shares during the period. Finally, Blue Trust Inc. boosted 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 buying an additional 2,015 shares in the last quarter. Hedge funds and other institutional investors own 9.88% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on LI shares. Macquarie raised shares of Li Auto from a "neutral" rating to an "outperform" rating in a report on Thursday, February 6th. JPMorgan Chase & Co. raised Li Auto from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $22.00 to $40.00 in a report on Friday, February 28th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $36.27.

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Li Auto Price Performance

Li Auto stock traded down $1.11 during midday trading on Thursday, reaching $27.56. The company had a trading volume of 7,834,474 shares, compared to its average volume of 7,206,432. 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 12-month low of $17.44 and a 12-month high of $40.13. The company has a market capitalization of $29.24 billion, a P/E ratio of 20.41, a P/E/G ratio of 3.27 and a beta of 0.86. The firm's fifty day simple moving average is $24.97 and its 200-day simple moving average is $23.99.

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.