Centiva Capital LP Makes New Investment in Li Auto Inc. (NASDAQ:LI)

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

Other hedge funds have also recently bought and sold shares of the company. Daiwa Securities Group Inc. lifted its holdings in shares of Li Auto by 16.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the company's stock valued at $84,000 after purchasing an additional 500 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of Li Auto during the 4th quarter valued at about $129,000. Blue Trust Inc. lifted its holdings in shares of Li Auto by 66.2% during the 4th quarter. Blue Trust Inc. now owns 5,058 shares of the company's stock valued at $130,000 after purchasing an additional 2,015 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Li Auto in the 4th quarter valued at approximately $191,000. Finally, Ballentine Partners LLC acquired a new stake in Li Auto in the 4th quarter valued at approximately $223,000. 9.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Li Auto Price Performance

LI stock traded up $0.27 during mid-day trading on Friday, hitting $28.82. 1,976,122 shares of the stock were exchanged, compared to its average volume of 6,760,867. The stock has a market capitalization of $30.18 billion, a price-to-earnings ratio of 21.35, a PEG ratio of 3.27 and a beta of 0.95. The business has a fifty day moving average price of $25.11 and a 200 day moving average price of $24.64. 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 12 month low of $17.44 and a 12 month 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.