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

Aspex Management HK Ltd lessened its stake in Li Auto Inc. (NASDAQ:LI - Free Report) by 29.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,480,871 shares of the company's stock after selling 3,163,055 shares during the quarter. Li Auto makes up about 4.8% of Aspex Management HK Ltd's holdings, making the stock its 6th largest position. Aspex Management HK Ltd owned approximately 0.71% of Li Auto worth $179,466,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. OLD Mission Capital LLC bought a new position in shares of Li Auto during the 4th quarter worth approximately $14,704,000. RWC Asset Advisors US LLC lifted 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 worth $76,313,000 after acquiring an additional 530,390 shares during the period. NINE MASTS CAPITAL Ltd purchased a new position in Li Auto in the fourth quarter worth $6,637,000. Barclays PLC grew its stake in Li Auto by 41.8% in the 3rd quarter. Barclays PLC now owns 602,028 shares of the company's stock valued at $15,442,000 after purchasing an additional 177,414 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in shares of Li Auto during the 4th quarter valued at $3,821,000. Hedge funds and other institutional investors own 9.88% of the company's stock.

Li Auto Price Performance

Li Auto stock opened at $25.04 on Friday. The firm has a market capitalization of $26.22 billion, a P/E ratio of 18.55, a PEG ratio of 3.27 and a beta of 0.94. Li Auto Inc. has a one year low of $17.44 and a one year high of $33.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.76 and a quick ratio of 1.64. The business has a fifty day moving average price of $25.50 and a 200-day moving average price of $24.63.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on LI. Nomura Securities raised shares of Li Auto to a "hold" rating in a report on Monday, March 17th. HSBC set a $38.50 target price on shares of Li Auto and gave the company a "buy" rating in a research report on Thursday, March 6th. Cfra Research raised shares of Li Auto to a "strong sell" rating in a report on Friday, March 21st. Macquarie lowered Li Auto from an "outperform" rating to a "neutral" rating and set a $27.00 price objective for the company. in a report on Monday, March 17th. Finally, JPMorgan Chase & Co. upgraded Li Auto from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $22.00 to $40.00 in a research note on Friday, February 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $35.73.

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.

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