Point72 Hong Kong Ltd lifted its position in Li Auto Inc. (NASDAQ:LI - Free Report) by 1,976.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 212,673 shares of the company's stock after buying an additional 202,430 shares during the period. Point72 Hong Kong Ltd's holdings in Li Auto were worth $5,102,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in the business. Renaissance Technologies LLC boosted its stake in shares of Li Auto by 1.3% in the fourth quarter. Renaissance Technologies LLC now owns 7,800,639 shares of the company's stock worth $187,137,000 after buying an additional 99,539 shares during the last quarter. Brilliance Asset Management Ltd. lifted its position in shares of Li Auto by 0.7% in the fourth quarter. Brilliance Asset Management Ltd. now owns 3,508,642 shares of the company's stock valued at $84,172,000 after acquiring an additional 24,416 shares in the last quarter. RWC Asset Advisors US LLC lifted its position in shares of Li Auto by 20.0% in 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 acquiring an additional 530,390 shares in the last quarter. American Century Companies Inc. lifted its position in Li Auto by 14.9% during the fourth quarter. American Century Companies Inc. now owns 1,005,524 shares of the company's stock worth $24,123,000 after buying an additional 130,598 shares in the last quarter. Finally, LMR Partners LLP purchased a new stake in shares of Li Auto in the fourth quarter valued at about $16,266,000. 9.88% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on the company. Macquarie cut 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 Li Auto to a "hold" rating in a report on Monday, March 17th. HSBC set a $38.50 price target on Li Auto and gave the stock a "buy" rating in a report on Thursday, March 6th. JPMorgan Chase & Co. upgraded Li Auto from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $22.00 to $40.00 in a report on Friday, February 28th. Finally, Cfra Research upgraded Li Auto to a "strong sell" rating in a report on Friday, March 21st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $35.73.
Read Our Latest Stock Analysis on LI
Li Auto Stock Down 0.2%
Shares of LI traded down $0.06 during mid-day trading on Tuesday, hitting $28.29. 870,898 shares of the company's stock were exchanged, compared to its average volume of 6,717,884. The company has a market cap of $29.62 billion, a price-to-earnings ratio of 20.95, a P/E/G ratio of 3.27 and a beta of 0.95. 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 debt-to-equity ratio of 0.13, a quick ratio of 1.64 and a current ratio of 1.76. The stock's 50-day moving average is $25.08 and its 200-day moving average is $24.67.
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.
Featured Stories
Before you consider Li Auto, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Li Auto wasn't on the list.
While Li Auto currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
