Centiva Capital LP Buys Shares of 11,209 Li Auto Inc. (NASDAQ:LI)

Centiva Capital LP bought a new stake in shares of Li Auto Inc. (NASDAQ:LI - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 11,209 shares of the company's stock, valued at approximately $269,000.

Several other hedge funds have also bought and sold shares of LI. Barclays PLC lifted its position in Li Auto by 41.8% during the third 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 last quarter. Ballentine Partners LLC bought a new stake in shares of Li Auto in the 4th quarter worth approximately $223,000. Atomi Financial Group Inc. bought a new stake in shares of Li Auto in the 4th quarter worth approximately $271,000. SG Americas Securities LLC lifted its holdings in shares of Li Auto by 26.9% in the 4th quarter. SG Americas Securities LLC now owns 212,415 shares of the company's stock worth $5,096,000 after acquiring an additional 45,008 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings 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 acquiring an additional 2,015 shares during the last quarter. 9.88% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LI has been the subject of a number of recent research reports. Macquarie lowered shares of 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. Cfra Research raised shares of Li Auto to a "strong sell" rating in a research note on Friday, March 21st. JPMorgan Chase & Co. raised shares of Li Auto from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $22.00 to $40.00 in a research note on Friday, February 28th. Nomura Securities raised shares of Li Auto to a "hold" rating in a research note on Monday, March 17th. Finally, HSBC set a $38.50 target price on shares of Li Auto and gave the stock a "buy" rating in a research note on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $35.73.

Li Auto Stock Up 6.6%

Shares of Li Auto stock opened at $28.38 on Tuesday. The company's fifty day simple moving average is $25.10 and its two-hundred day simple moving average is $24.63. The company has a market cap of $29.72 billion, a P/E ratio of 21.02, a PEG ratio of 3.27 and a beta of 0.95. The company has a current ratio of 1.76, a quick ratio of 1.64 and a debt-to-equity ratio of 0.13. Li Auto Inc. has a 12-month low of $17.44 and a 12-month high of $33.12.

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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