Li Auto Inc. (NASDAQ:LI) Stake Lowered by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lowered its position in Li Auto Inc. (NASDAQ:LI - Free Report) by 43.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 265,228 shares of the company's stock after selling 200,868 shares during the quarter. Dimensional Fund Advisors LP's holdings in Li Auto were worth $6,363,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. First Trust Advisors LP raised its holdings in Li Auto by 15.2% in the fourth quarter. First Trust Advisors LP now owns 10,014 shares of the company's stock valued at $240,000 after buying an additional 1,324 shares during the period. Bridgewater Associates LP raised its stake in shares of Li Auto by 130.5% in the 4th quarter. Bridgewater Associates LP now owns 32,652 shares of the company's stock valued at $783,000 after acquiring an additional 18,489 shares during the period. Dymon Asia Capital Singapore PTE. LTD. lifted its stake in shares of Li Auto by 26.3% during the fourth quarter. Dymon Asia Capital Singapore PTE. LTD. now owns 40,860 shares of the company's stock worth $980,000 after purchasing an additional 8,515 shares in the last quarter. DRW Securities LLC lifted its position in Li Auto by 148.6% during the 4th quarter. DRW Securities LLC now owns 21,531 shares of the company's stock worth $517,000 after acquiring an additional 12,869 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Li Auto during the 4th quarter worth approximately $544,000. Hedge funds and other institutional investors own 9.88% of the company's stock.

Li Auto Stock Performance

Shares of LI traded up $0.76 during mid-day trading on Wednesday, hitting $28.72. The stock had a trading volume of 3,768,212 shares, compared to its average volume of 6,806,438. 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 company has a market cap of $30.07 billion, a PE ratio of 21.27, a PEG ratio of 3.27 and a beta of 0.95. Li Auto Inc. has a fifty-two week low of $17.44 and a fifty-two week high of $33.12. The company's fifty day simple moving average is $25.11 and its two-hundred day simple moving average is $24.65.

Analyst Ratings Changes

A number of analysts have recently issued reports on LI shares. Cfra Research upgraded shares of Li Auto to a "strong sell" rating in a research note on Friday, March 21st. Macquarie downgraded shares of Li Auto from an "outperform" rating to a "neutral" rating and set a $27.00 price target on the stock. in a research note on Monday, March 17th. HSBC set a $38.50 price objective on shares of Li Auto and gave the company a "buy" rating in a research report on Thursday, March 6th. JPMorgan Chase & Co. raised 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 report on Friday, February 28th. Finally, Nomura Securities upgraded Li Auto to a "hold" rating in a research note on Monday, March 17th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus 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.