Twinbeech Capital LP Has $1.33 Million Position in Li Auto Inc. (NASDAQ:LI)

Twinbeech Capital LP trimmed its position in shares of Li Auto Inc. (NASDAQ:LI - Free Report) by 72.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 55,298 shares of the company's stock after selling 143,455 shares during the quarter. Twinbeech Capital LP's holdings in Li Auto were worth $1,327,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Daiwa Securities Group Inc. raised its stake in shares of Li Auto by 16.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the company's stock valued at $84,000 after acquiring an additional 500 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of Li Auto in the 4th quarter valued at approximately $129,000. Blue Trust Inc. raised its stake 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 valued at $130,000 after acquiring an additional 2,015 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Li Auto in the 4th quarter valued at approximately $191,000. Finally, Ballentine Partners LLC bought a new position in shares of 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 research analysts recently weighed in on the company. Cfra Research raised Li Auto to a "strong sell" rating in a research note on Friday, March 21st. Macquarie downgraded Li Auto from an "outperform" rating to a "neutral" rating and set a $27.00 price objective on the stock. in a research note on Monday, March 17th. JPMorgan Chase & Co. raised Li Auto from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $22.00 to $40.00 in a research note on Friday, February 28th. 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 research report on Monday, March 17th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $32.85.

Li Auto Stock Performance

LI stock traded down $0.54 on Tuesday, reaching $28.38. 1,293,120 shares of the company were exchanged, compared to its average volume of 6,466,689. Li Auto Inc. has a 12 month low of $17.44 and a 12 month high of $33.12. The stock's fifty day moving average price is $25.19 and its 200 day moving average price is $24.81. The firm has a market capitalization of $29.71 billion, a PE ratio of 20.99, a PEG ratio of 3.27 and a beta of 0.95. 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 Company 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.