Aspex Management HK Ltd Has $179.47 Million Holdings in Li Auto Inc. (NASDAQ:LI)

Aspex Management HK Ltd trimmed its stake in Li Auto Inc. (NASDAQ:LI - Free Report) by 29.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,480,871 shares of the company's stock after selling 3,163,055 shares during the period. Li Auto accounts for about 4.8% of Aspex Management HK Ltd's investment portfolio, making the stock its 6th biggest holding. Aspex Management HK Ltd owned about 0.71% of Li Auto worth $179,466,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. RWC Asset Advisors US LLC increased its stake in Li Auto by 20.0% during the 4th quarter. RWC Asset Advisors US LLC now owns 3,181,050 shares of the company's stock worth $76,313,000 after buying an additional 530,390 shares in the last quarter. Barclays PLC lifted its stake in shares of Li Auto by 41.8% in the 3rd quarter. Barclays PLC now owns 602,028 shares of the company's stock worth $15,442,000 after acquiring an additional 177,414 shares during the period. Atomi Financial Group Inc. purchased a new stake in shares of Li Auto in the 4th quarter worth about $271,000. Raymond James Financial Inc. purchased a new stake in shares of Li Auto during the fourth quarter worth about $544,000. Finally, Pinpoint Asset Management Ltd increased its position in Li Auto by 594.4% during the fourth quarter. Pinpoint Asset Management Ltd now owns 131,592 shares of the company's stock worth $3,357,000 after purchasing an additional 112,642 shares during the last quarter. 9.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on LI shares. Macquarie downgraded Li Auto from an "outperform" rating to a "neutral" rating and set a $27.00 price target on the stock. in a report on Monday, March 17th. JPMorgan Chase & Co. raised shares of Li Auto from a "neutral" rating to an "overweight" rating and upped their target price for the company from $22.00 to $40.00 in a research note on Friday, February 28th. HSBC set a $38.50 price target on shares of Li Auto and gave the stock a "buy" rating in a research report on Thursday, March 6th. Cfra Research upgraded shares of Li Auto to a "strong sell" rating in a research note on Friday, March 21st. Finally, Nomura Securities upgraded Li Auto to a "hold" rating in a research report on Monday, March 17th. One 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 data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $35.73.

Li Auto Stock Up 3.4 %

Li Auto stock traded up $0.90 during midday trading on Thursday, hitting $27.19. 2,723,087 shares of the company were exchanged, compared to its average volume of 6,848,916. The company has a market cap of $28.47 billion, a PE ratio of 20.14, a price-to-earnings-growth ratio of 3.27 and a beta of 0.95. The company's fifty day moving average price is $25.13 and its 200-day moving average price is $24.65. 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 fifty-two week low of $17.44 and a fifty-two week high of $33.12.

Li Auto 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.