Bridgewater Associates LP Acquires 18,489 Shares of Li Auto Inc. (NASDAQ:LI)

Bridgewater Associates LP grew its position in Li Auto Inc. (NASDAQ:LI - Free Report) by 130.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 32,652 shares of the company's stock after purchasing an additional 18,489 shares during the period. Bridgewater Associates LP's holdings in Li Auto were worth $783,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LI. Barclays PLC grew its position in shares of 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 acquiring an additional 177,414 shares during the period. Virtu Financial LLC lifted its position in shares of Li Auto by 269.7% in the third quarter. Virtu Financial LLC now owns 55,908 shares of the company's stock valued at $1,434,000 after buying an additional 40,785 shares during the last quarter. SK Wealth Management LLC acquired a new position in shares of Li Auto during the 3rd quarter worth approximately $1,160,000. Ballentine Partners LLC acquired a new stake in Li Auto during the 4th quarter valued at $223,000. Finally, Atomi Financial Group Inc. acquired a new position in shares of Li Auto in the fourth quarter valued at $271,000. 9.88% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

LI has been the topic of several research analyst reports. JPMorgan Chase & Co. raised shares of Li Auto from a "neutral" rating to an "overweight" rating and increased their price target for the company 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 report on Friday, March 21st. HSBC set a $38.50 price objective on Li Auto and gave the company a "buy" rating in a report on Thursday, March 6th. Macquarie downgraded Li Auto from an "outperform" rating to a "neutral" rating and set a $27.00 target price for the company. in a report on Monday, March 17th. Finally, Nomura Securities upgraded shares of Li Auto to a "hold" rating in a research note on Monday, March 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $35.73.

Li Auto Stock Performance

Shares of LI traded down $0.49 during mid-day trading on Friday, hitting $23.33. The stock had a trading volume of 1,117,842 shares, compared to its average volume of 7,098,712. Li Auto Inc. has a 52 week low of $17.44 and a 52 week 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 $25.83 and a 200-day moving average price of $24.74. The firm has a market cap of $24.43 billion, a P/E ratio of 17.27, a PEG ratio of 3.27 and a beta of 0.94.

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.