Quantbot Technologies LP Buys New Shares in Li Auto Inc. (NASDAQ:LI)

Quantbot Technologies LP acquired a new stake in shares of Li Auto Inc. (NASDAQ:LI - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 159,284 shares of the company's stock, valued at approximately $3,821,000.

Other institutional investors have also modified their holdings of the company. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Li Auto in the 3rd quarter worth about $970,000. Avior Wealth Management LLC raised its holdings in shares of Li Auto by 708.5% in the third quarter. Avior Wealth Management LLC now owns 2,385 shares of the company's stock worth $61,000 after buying an additional 2,090 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Li Auto by 27.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 432,988 shares of the company's stock worth $11,106,000 after acquiring an additional 93,904 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in Li Auto by 44.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 18,495 shares of the company's stock valued at $474,000 after acquiring an additional 5,660 shares during the period. Finally, FMR LLC grew its position in Li Auto by 422.4% in the 3rd quarter. FMR LLC now owns 4,252,398 shares of the company's stock valued at $109,074,000 after acquiring an additional 3,438,410 shares during the last quarter. 9.88% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. upgraded Li Auto from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $22.00 to $40.00 in a research report on Friday, February 28th. Nomura Securities raised shares of Li Auto to a "hold" rating in a research report on Monday, March 17th. HSBC set a $38.50 target price on shares of Li Auto and gave the stock a "buy" rating in a research report on Thursday, March 6th. Cfra Research raised Li Auto to a "strong sell" rating in a research note on Friday, March 21st. Finally, Macquarie downgraded Li Auto from an "outperform" rating to a "neutral" rating and set a $27.00 price objective on the stock. in a report on Monday, March 17th. 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 presently has a consensus rating of "Hold" and an average target price of $35.73.

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Li Auto Stock Up 2.4 %

Li Auto stock traded up $0.63 during mid-day trading on Wednesday, reaching $26.67. 4,294,803 shares of the company were exchanged, compared to its average volume of 7,148,390. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.64 and a current ratio of 1.76. The firm has a market cap of $28.30 billion, a P/E ratio of 19.76, a PEG ratio of 3.27 and a beta of 0.86. The business has a fifty day moving average of $26.08 and a 200 day moving average of $24.78. Li Auto Inc. has a 12-month low of $17.44 and a 12-month 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.