Li Auto Inc. (NASDAQ:LI) Stake Lessened by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp lessened its stake in shares of Li Auto Inc. (NASDAQ:LI - Free Report) by 50.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,450 shares of the company's stock after selling 26,450 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Li Auto were worth $635,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its stake in Li Auto by 1.3% during the 4th quarter. Renaissance Technologies LLC now owns 7,800,639 shares of the company's stock valued at $187,137,000 after purchasing an additional 99,539 shares in the last quarter. Brilliance Asset Management Ltd. lifted its holdings in shares of Li Auto by 0.7% in the fourth quarter. Brilliance Asset Management Ltd. now owns 3,508,642 shares of the company's stock valued at $84,172,000 after buying an additional 24,416 shares during the period. RWC Asset Advisors US LLC boosted its stake in Li Auto by 20.0% during 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 buying an additional 530,390 shares in the last quarter. American Century Companies Inc. boosted its stake in Li Auto by 14.9% during the fourth quarter. American Century Companies Inc. now owns 1,005,524 shares of the company's stock valued at $24,123,000 after buying an additional 130,598 shares in the last quarter. Finally, LMR Partners LLP acquired a new position in Li Auto during the fourth quarter worth about $16,266,000. Institutional investors own 9.88% of the company's stock.

Li Auto Trading Down 1.5%

Shares of LI traded down $0.45 during midday trading on Thursday, hitting $28.67. The stock had a trading volume of 3,564,803 shares, compared to its average volume of 6,552,735. The business has a 50-day simple moving average of $25.11 and a two-hundred day simple moving average of $24.72. The firm has a market cap of $30.02 billion, a P/E ratio of 21.24, a price-to-earnings-growth 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 fifty-two week low of $17.44 and a fifty-two week high of $33.12.

Analysts Set New Price Targets

LI has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised shares of Li Auto from a "neutral" rating to an "overweight" rating and upped their price target for the company from $22.00 to $40.00 in a report on Friday, February 28th. Nomura Securities upgraded shares of Li Auto to a "hold" rating in a report on Monday, March 17th. HSBC set a $38.50 target price on shares of Li Auto and gave the stock a "buy" rating in a report on Thursday, March 6th. Cfra Research raised Li Auto to a "strong sell" rating in a report on Friday, March 21st. Finally, Macquarie downgraded 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $32.85.

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.