Dymon Asia Capital Singapore PTE. LTD. Makes New $2.16 Million Investment in Li Auto Inc. (NASDAQ:LI)

Dymon Asia Capital Singapore PTE. LTD. purchased a new stake in shares of Li Auto Inc. (NASDAQ:LIFree Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 57,800 shares of the company’s stock, valued at approximately $2,163,000. Li Auto accounts for about 0.6% of Dymon Asia Capital Singapore PTE. LTD.’s portfolio, making the stock its 4th largest position.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Deutsche Bank AG increased its holdings in Li Auto by 100.8% during the 3rd quarter. Deutsche Bank AG now owns 15,273 shares of the company’s stock valued at $544,000 after acquiring an additional 1,990,089 shares in the last quarter. Ninety One UK Ltd purchased a new position in shares of Li Auto during the 4th quarter worth approximately $35,896,000. Ariose Capital Management Ltd acquired a new position in shares of Li Auto during the 4th quarter worth approximately $29,555,000. Qube Research & Technologies Ltd purchased a new stake in Li Auto in the 3rd quarter valued at approximately $24,312,000. Finally, Handelsbanken Fonder AB acquired a new stake in Li Auto during the 4th quarter valued at $9,358,000. 9.88% of the stock is currently owned by institutional investors and hedge funds.

Li Auto Trading Down 2.0 %

Shares of LI traded down $0.40 during mid-day trading on Tuesday, hitting $20.04. The company had a trading volume of 3,982,364 shares, compared to its average volume of 8,549,052. Li Auto Inc. has a 1-year low of $19.38 and a 1-year high of $47.33. The business’s 50-day simple moving average is $26.21 and its 200-day simple moving average is $31.46. The stock has a market cap of $21.26 billion, a PE ratio of 13.36, a P/E/G ratio of 1.78 and a beta of 1.00. The company has a quick ratio of 1.37, a current ratio of 1.53 and a debt-to-equity ratio of 0.04.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on LI. Deutsche Bank Aktiengesellschaft raised Li Auto from a “hold” rating to a “buy” rating and cut their price target for the stock from $45.00 to $41.00 in a report on Tuesday, February 6th. Macquarie began coverage on shares of Li Auto in a report on Monday, April 15th. They issued an “outperform” rating and a $40.00 target price on the stock. Citigroup decreased their price target on shares of Li Auto from $57.30 to $48.50 and set a “buy” rating on the stock in a research note on Friday, March 22nd. Bank of America cut their price objective on shares of Li Auto from $41.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, May 21st. Finally, Morgan Stanley decreased their target price on shares of Li Auto from $65.00 to $53.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 21st. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Li Auto has a consensus rating of “Moderate Buy” and an average price target of $40.50.

View Our Latest Stock Analysis on LI

Li Auto Company Profile

(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.

See Also

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Institutional Ownership by Quarter for Li Auto (NASDAQ:LI)

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