Dark Forest Capital Management LP Buys New Shares in Li Auto Inc. (NASDAQ:LI)

Dark Forest Capital Management LP purchased a new stake in shares of Li Auto Inc. (NASDAQ:LI - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 15,179 shares of the company's stock, valued at approximately $364,000.

Several other institutional investors and hedge funds also recently made changes to their positions in LI. Daiwa Securities Group Inc. lifted its position in Li Auto by 16.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the company's stock valued at $84,000 after purchasing an additional 500 shares during the period. Blue Trust Inc. boosted its stake in shares of Li Auto by 66.2% in the 4th quarter. Blue Trust Inc. now owns 5,058 shares of the company's stock worth $130,000 after buying an additional 2,015 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Li Auto in the fourth quarter worth $129,000. SBI Securities Co. Ltd. purchased a new stake in Li Auto during the fourth quarter valued at $191,000. Finally, Ballentine Partners LLC purchased a new position in Li Auto in the fourth quarter worth about $223,000. Institutional investors own 9.88% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Macquarie cut shares of 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 shares of 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 research report on Friday, February 28th. HSBC set a $38.50 price objective on shares of Li Auto and gave the company a "buy" rating in a research report on Thursday, March 6th. Nomura Securities upgraded Li Auto to a "hold" rating in a research report on Monday, March 17th. Finally, Cfra Research raised Li Auto to a "strong sell" rating in a report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $35.73.

Li Auto Trading Up 0.9 %

Li Auto stock traded up $0.22 during trading hours on Wednesday, hitting $24.39. The company had a trading volume of 3,230,596 shares, compared to its average volume of 7,020,756. The firm has a market cap of $25.54 billion, a P/E ratio of 18.07, a P/E/G ratio of 3.27 and a beta of 0.94. The company has a 50-day moving average price of $25.70 and a two-hundred day moving average price of $24.64. Li Auto Inc. has a 1 year low of $17.44 and a 1 year 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.

About Li Auto

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.