Xiamen Xinweidachuang Investment Partnership Limited Partnership lessened its stake in shares of Li Auto Inc. (NASDAQ:LI - Free Report) by 3.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,227,165 shares of the company's stock after selling 284,517 shares during the quarter. Li Auto makes up 100.0% of Xiamen Xinweidachuang Investment Partnership Limited Partnership's holdings, making the stock its biggest holding. Xiamen Xinweidachuang Investment Partnership Limited Partnership owned approximately 0.68% of Li Auto worth $173,380,000 as of its most recent filing with the SEC.
Several other institutional investors also recently modified their holdings of LI. Signaturefd LLC grew its holdings in Li Auto by 4.4% during the 4th quarter. Signaturefd LLC now owns 10,184 shares of the company's stock worth $244,000 after acquiring an additional 428 shares during the last quarter. Daiwa Securities Group Inc. lifted 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 worth $84,000 after purchasing an additional 500 shares during the period. Amundi grew its stake in shares of Li Auto by 1.2% in the fourth quarter. Amundi now owns 78,098 shares of the company's stock worth $1,811,000 after purchasing an additional 888 shares during the last quarter. BNP Paribas increased its holdings in Li Auto by 300.0% in the third quarter. BNP Paribas now owns 2,000 shares of the company's stock valued at $51,000 after purchasing an additional 1,500 shares during the period. Finally, Blue Trust Inc. raised its position 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. 9.88% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research firms have commented on LI. JPMorgan Chase & Co. upgraded Li Auto from a "neutral" rating to an "overweight" rating and upped their price target for the company from $22.00 to $40.00 in a research report on Friday, February 28th. Cfra Research raised Li Auto to a "strong sell" rating in a research note on Friday, March 21st. Macquarie lowered shares of Li Auto from an "outperform" rating to a "neutral" rating and set a $27.00 price target for the company. in a report on Monday, March 17th. Nomura Securities upgraded shares of Li Auto to a "hold" rating in a research report on Monday, March 17th. Finally, HSBC set a $38.50 price objective on shares of Li Auto and gave the stock a "buy" rating in a research report on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Li Auto has an average rating of "Hold" and a consensus price target of $35.73.
Get Our Latest Stock Report on LI
Li Auto Stock Down 2.4 %
Shares of Li Auto stock traded down $0.62 during trading on Friday, reaching $25.52. 4,583,237 shares of the company traded hands, compared to its average volume of 7,211,987. The firm has a market capitalization of $27.08 billion, a PE ratio of 18.90, a P/E/G ratio of 3.27 and a beta of 0.86. Li Auto Inc. has a 1-year low of $17.44 and a 1-year high of $33.12. The company has a 50 day moving average price of $26.31 and a 200-day moving average price of $24.89. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.76 and a quick ratio of 1.64.
About Li Auto
(
Free Report)
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.
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