BI Asset Management Fondsmaeglerselskab A S Takes Position in Li Auto Inc. (NASDAQ:LI)

BI Asset Management Fondsmaeglerselskab A S bought 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 SEC. The institutional investor bought 13,960 shares of the company's stock, valued at approximately $335,000.

A number of other large investors have also recently bought and sold shares of the stock. Daiwa Securities Group Inc. boosted its holdings in shares of Li Auto by 16.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the company's stock worth $84,000 after purchasing an additional 500 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of Li Auto during the fourth quarter worth $129,000. Blue Trust Inc. boosted its holdings in shares of Li Auto by 66.2% during the fourth quarter. Blue Trust Inc. now owns 5,058 shares of the company's stock worth $130,000 after purchasing an additional 2,015 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Li Auto during the fourth quarter worth $191,000. Finally, Ballentine Partners LLC acquired a new stake in shares of Li Auto during the fourth quarter worth $223,000. Institutional investors and hedge funds own 9.88% of the company's stock.

Li Auto Stock Up 1.1 %

Shares of Li Auto stock traded up $0.26 on Wednesday, hitting $24.43. 682,131 shares of the company's stock traded hands, compared to its average volume of 7,005,385. The stock has a market cap of $25.58 billion, a P/E ratio of 18.08, a PEG ratio of 3.27 and a beta of 0.94. The company has a quick ratio of 1.64, a current ratio of 1.76 and a debt-to-equity ratio of 0.13. The firm's 50-day moving average is $25.70 and its 200 day moving average is $24.64. Li Auto Inc. has a 52-week low of $17.44 and a 52-week high of $33.12.

Analysts Set New Price Targets

Several research firms have recently issued reports on LI. JPMorgan Chase & Co. upgraded Li Auto from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $22.00 to $40.00 in a report on Friday, February 28th. Cfra Research raised Li Auto to a "strong sell" rating in a research report on Friday, March 21st. Nomura Securities upgraded Li Auto to a "hold" rating in a research note on Monday, March 17th. 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. Finally, HSBC set a $38.50 price target on Li Auto and gave the stock a "buy" rating in a report on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Li Auto has an average rating of "Hold" and an average target price of $35.73.

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.