Point72 Hong Kong Ltd Boosts Holdings in Li Auto Inc. (NASDAQ:LI)

Point72 Hong Kong Ltd lifted its position in Li Auto Inc. (NASDAQ:LI - Free Report) by 1,976.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 212,673 shares of the company's stock after buying an additional 202,430 shares during the period. Point72 Hong Kong Ltd's holdings in Li Auto were worth $5,102,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of LI. Signaturefd LLC lifted its stake in Li Auto by 4.4% during the 4th quarter. Signaturefd LLC now owns 10,184 shares of the company's stock valued at $244,000 after acquiring an additional 428 shares during the period. Daiwa Securities Group Inc. lifted its stake in 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 acquiring an additional 500 shares during the period. Laird Norton Wetherby Wealth Management LLC lifted its stake in Li Auto by 2.2% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 25,174 shares of the company's stock valued at $604,000 after acquiring an additional 547 shares during the period. Amundi lifted its stake in Li Auto by 1.2% during the 4th quarter. Amundi now owns 78,098 shares of the company's stock valued at $1,811,000 after acquiring an additional 888 shares during the period. Finally, First Trust Advisors LP lifted its stake in Li Auto by 15.2% during the 4th quarter. First Trust Advisors LP now owns 10,014 shares of the company's stock valued at $240,000 after acquiring an additional 1,324 shares during the period. Hedge funds and other institutional investors own 9.88% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. HSBC set a $38.50 price objective on shares of Li Auto and gave the company a "buy" rating in a research note on Thursday, March 6th. Nomura Securities upgraded shares of Li Auto to a "hold" rating in a research note on Monday, March 17th. Cfra Research upgraded shares of Li Auto to a "strong sell" rating in a research note on Friday, March 21st. JPMorgan Chase & Co. upgraded shares of Li Auto from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $22.00 to $40.00 in a research note on Friday, February 28th. Finally, Macquarie cut shares of Li Auto from an "outperform" rating to a "neutral" rating and set a $27.00 target price for the company. in a research note 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 stock. According to MarketBeat, Li Auto has an average rating of "Hold" and an average price target of $35.73.

Li Auto Price Performance

NASDAQ:LI traded up $0.27 during trading hours on Friday, reaching $28.82. 1,976,122 shares of the company were exchanged, compared to its average volume of 6,760,867. The company has a current ratio of 1.76, a quick ratio of 1.64 and a debt-to-equity ratio of 0.13. The stock's 50-day moving average is $25.11 and its 200-day moving average is $24.65. The firm has a market cap of $30.18 billion, a PE ratio of 21.35, a price-to-earnings-growth ratio of 3.27 and a beta of 0.95. Li Auto Inc. has a twelve month low of $17.44 and a twelve 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.