Li Auto Inc. (NASDAQ:LI) Position Increased by Signaturefd LLC

Signaturefd LLC raised its position in Li Auto Inc. (NASDAQ:LI) by 4.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,184 shares of the company’s stock after purchasing an additional 428 shares during the quarter. Signaturefd LLC’s holdings in Li Auto were worth $244,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Aspex Management HK Ltd raised its holdings in shares of Li Auto by 55.0% during the 3rd quarter. Aspex Management HK Ltd now owns 10,643,926 shares of the company’s stock valued at $273,017,000 after purchasing an additional 3,778,463 shares in the last quarter. FMR LLC increased its position in Li Auto by 422.4% during the third quarter. FMR LLC now owns 4,252,398 shares of the company’s stock worth $109,074,000 after buying an additional 3,438,410 shares during the last quarter. RWC Asset Advisors US LLC raised its holdings in Li Auto by 20.0% during the fourth quarter. RWC Asset Advisors US LLC now owns 3,181,050 shares of the company’s stock valued at $76,313,000 after buying an additional 530,390 shares in the last quarter. Barclays PLC lifted its position in shares of Li Auto by 41.8% in the third quarter. Barclays PLC now owns 602,028 shares of the company’s stock worth $15,442,000 after buying an additional 177,414 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted 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 in the last quarter. 9.88% of the stock is owned by institutional investors and hedge funds.

Li Auto Price Performance

NASDAQ:LI opened at $26.40 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.76 and a quick ratio of 1.64. Li Auto Inc. has a one year low of $17.44 and a one year high of $33.12. The company has a fifty day moving average price of $25.91 and a 200 day moving average price of $24.59. The stock has a market cap of $28.01 billion, a P/E ratio of 19.56, a PEG ratio of 3.27 and a beta of 0.86.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on LI shares. Nomura Securities upgraded Li Auto to a “hold” rating in a report on Monday, March 17th. JPMorgan Chase & Co. upgraded shares of Li Auto from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $22.00 to $40.00 in a research note on Friday, February 28th. HSBC set a $38.50 target price on shares of Li Auto and gave the company a “buy” rating in a research note on Thursday, March 6th. Finally, Macquarie lowered shares of Li Auto from an “outperform” rating to a “neutral” rating and set a $27.00 target price for the company. in a research report on Monday, March 17th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Li Auto currently has a consensus rating of “Moderate Buy” and an average price target of $35.73.

Li Auto Company 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.