OLD Mission Capital LLC Invests $14.70 Million in Li Auto Inc. (NASDAQ:LI)

OLD Mission Capital LLC acquired a new position in shares of Li Auto Inc. (NASDAQ:LI - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 612,921 shares of the company's stock, valued at approximately $14,704,000. OLD Mission Capital LLC owned 0.06% of Li Auto as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LI. Daiwa Securities Group Inc. boosted its stake 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 during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in Li Auto in the 4th quarter valued at $129,000. Blue Trust Inc. boosted its stake in Li Auto by 66.2% during 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 last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Li Auto during the fourth quarter worth $191,000. Finally, Ballentine Partners LLC acquired a new stake in shares of Li Auto in the fourth quarter valued at about $223,000. 9.88% of the stock is owned by hedge funds and other institutional investors.

Li Auto Trading Down 6.9 %

Shares of NASDAQ LI traded down $1.70 during mid-day trading on Friday, reaching $23.07. 8,316,042 shares of the company's stock were exchanged, compared to its average volume of 7,189,956. The firm has a market capitalization of $24.48 billion, a price-to-earnings ratio of 17.09, a PEG ratio of 3.27 and a beta of 0.94. Li Auto Inc. has a 52-week low of $17.44 and a 52-week high of $33.12. The company's 50-day moving average is $26.50 and its 200-day moving average is $25.07. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.64 and a current ratio of 1.76.

Analyst Upgrades and Downgrades

LI has been the topic of a number of recent research reports. JPMorgan Chase & Co. upgraded shares of Li Auto from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $22.00 to $40.00 in a research report on Friday, February 28th. Nomura Securities upgraded Li Auto to a "hold" rating in a report on Monday, March 17th. HSBC set a $38.50 price target on Li Auto and gave the company a "buy" rating in a report on Thursday, March 6th. Macquarie downgraded Li Auto from an "outperform" rating to a "neutral" rating and set a $27.00 price objective on the stock. in a research report on Monday, March 17th. 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 given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target 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.