Dimensional Fund Advisors LP Has $6.36 Million Stock Holdings in Li Auto Inc. (NASDAQ:LI)

Dimensional Fund Advisors LP trimmed its stake in shares of 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 institutional investor 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.

Several other large investors also recently modified their holdings of the stock. OLD Mission Capital LLC bought a new stake in Li Auto during the fourth quarter worth about $14,704,000. RWC Asset Advisors US LLC boosted its stake in Li Auto by 20.0% in the fourth quarter. RWC Asset Advisors US LLC now owns 3,181,050 shares of the company's stock valued at $76,313,000 after acquiring an additional 530,390 shares during the last quarter. NINE MASTS CAPITAL Ltd acquired a new stake in shares of Li Auto during the fourth quarter worth $6,637,000. Barclays PLC increased its stake 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 last quarter. Finally, Quantbot Technologies LP acquired a new stake in Li Auto in the fourth quarter worth $3,821,000. 9.88% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on LI shares. Nomura Securities upgraded Li Auto to a "hold" rating in a report on Monday, March 17th. JPMorgan Chase & Co. upgraded Li Auto from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $22.00 to $40.00 in a report on Friday, February 28th. Cfra Research upgraded shares of Li Auto to a "strong sell" rating in a research note on Friday, March 21st. Macquarie cut shares of Li Auto from an "outperform" rating to a "neutral" rating and set a $27.00 price objective for the company. in a research 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 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. Based on data from MarketBeat, Li Auto has an average rating of "Hold" and an average price target of $35.73.

Li Auto Price Performance

Shares of NASDAQ:LI traded up $0.26 during midday trading on Friday, hitting $28.81. The stock had a trading volume of 839,801 shares, compared to its average volume of 6,764,551. Li Auto Inc. has a fifty-two week low of $17.44 and a fifty-two week high of $33.12. The company has a market capitalization of $30.17 billion, a P/E ratio of 21.34, a price-to-earnings-growth ratio of 3.27 and a beta of 0.95. 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's 50-day moving average price is $25.13 and its 200-day moving average price is $24.67.

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.