SIH Partners LLLP Has $12.04 Million Stake in Li Auto Inc. (NASDAQ:LI)

SIH Partners LLLP raised its holdings in Li Auto Inc. (NASDAQ:LI - Free Report) by 4.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 501,730 shares of the company's stock after buying an additional 20,450 shares during the period. Li Auto comprises approximately 0.6% of SIH Partners LLLP's investment portfolio, making the stock its 16th biggest holding. SIH Partners LLLP's holdings in Li Auto were worth $12,037,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Daiwa Securities Group Inc. increased its stake 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 worth $84,000 after purchasing an additional 500 shares during the period. Harvest Fund Management Co. Ltd bought a new position in shares of Li Auto during the fourth quarter worth approximately $129,000. Blue Trust Inc. increased its stake in shares of 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 purchasing an additional 2,015 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Li Auto during the fourth quarter worth approximately $191,000. Finally, Ballentine Partners LLC bought a new position in shares of Li Auto during the fourth quarter worth approximately $223,000. Institutional investors own 9.88% of the company's stock.

Li Auto Price Performance

Shares of LI stock traded down $0.34 during trading hours on Friday, reaching $23.48. The company's stock had a trading volume of 2,705,940 shares, compared to its average volume of 7,082,095. The firm's 50 day simple moving average is $25.78 and its 200-day simple moving average is $24.67. The company has a market capitalization of $24.59 billion, a price-to-earnings ratio of 17.39, a PEG ratio of 3.27 and a beta of 0.94. Li Auto Inc. has a fifty-two week low of $17.44 and a fifty-two 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.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. HSBC set a $38.50 target price on Li Auto and gave the stock a "buy" rating in a research note on Thursday, March 6th. Macquarie lowered 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. upgraded Li Auto from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $22.00 to $40.00 in a research note on Friday, February 28th. Cfra Research upgraded Li Auto to a "strong sell" rating in a research note on Friday, March 21st. Finally, Nomura Securities upgraded Li Auto to a "hold" rating in a research note on Monday, March 17th. One 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 company's stock. Based on data from MarketBeat, the company presently has an average 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.