OLD Mission Capital LLC Buys New Shares in Li Auto Inc. (NASDAQ:LI)

OLD Mission Capital LLC purchased a new stake in Li Auto Inc. (NASDAQ:LI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 612,921 shares of the company's stock, valued at approximately $14,704,000. OLD Mission Capital LLC owned approximately 0.06% of Li Auto as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Daiwa Securities Group Inc. raised its holdings in shares of Li Auto by 16.7% during 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 during the period. Blue Trust Inc. raised 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 valued at $130,000 after purchasing an additional 2,015 shares during the period. Harvest Fund Management Co. Ltd purchased a new stake in shares of Li Auto in the fourth quarter valued at $129,000. SBI Securities Co. Ltd. acquired a new stake in shares of Li Auto in the fourth quarter worth $191,000. Finally, Ballentine Partners LLC purchased a new position in shares of Li Auto during the fourth quarter valued at $223,000. Institutional investors and hedge funds own 9.88% of the company's stock.

Wall Street Analysts Forecast Growth

LI has been the subject of several research 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 report on Thursday, March 6th. Macquarie lowered shares of Li Auto from an "outperform" rating to a "neutral" rating and set a $27.00 price objective on the stock. in a research note on Monday, March 17th. JPMorgan Chase & Co. raised shares of 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. Finally, Nomura Securities upgraded shares of Li Auto to a "hold" rating in a report on Monday, March 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Li Auto has an average rating of "Hold" and a consensus target price of $35.73.

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Li Auto Stock Performance

NASDAQ LI traded down $0.12 during trading on Wednesday, hitting $25.52. The company's stock had a trading volume of 2,904,520 shares, compared to its average volume of 7,174,572. Li Auto Inc. has a 52 week low of $17.44 and a 52 week high of $33.12. The company has a quick ratio of 1.64, a current ratio of 1.76 and a debt-to-equity ratio of 0.13. The firm has a market cap of $27.08 billion, a P/E ratio of 18.90, a price-to-earnings-growth ratio of 3.27 and a beta of 0.86. The firm has a 50 day moving average price of $26.46 and a 200 day moving average price of $25.02.

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.