678,050 Shares in Li Auto Inc. (NASDAQ:LI) Bought by LMR Partners LLP

LMR Partners LLP purchased a new position in Li Auto Inc. (NASDAQ:LI - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 678,050 shares of the company's stock, valued at approximately $16,266,000. LMR Partners LLP owned about 0.06% of Li Auto at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Renaissance Technologies LLC raised its holdings in Li Auto by 1.3% in the 4th quarter. Renaissance Technologies LLC now owns 7,800,639 shares of the company's stock worth $187,137,000 after purchasing an additional 99,539 shares during the period. Brilliance Asset Management Ltd. raised its holdings in Li Auto by 0.7% in the 4th quarter. Brilliance Asset Management Ltd. now owns 3,508,642 shares of the company's stock worth $84,172,000 after purchasing an additional 24,416 shares during the period. RWC Asset Advisors US LLC raised its holdings 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 acquiring an additional 530,390 shares during the period. American Century Companies Inc. raised its holdings 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 acquiring an additional 130,598 shares during the period. Finally, OLD Mission Capital LLC bought a new stake in Li Auto during the fourth quarter valued at about $14,704,000. 9.88% of the stock is currently owned by hedge funds and other institutional investors.

Li Auto Trading Up 0.9%

Shares of LI traded up $0.27 during mid-day trading on Friday, reaching $28.82. 1,976,122 shares of the company's stock traded hands, compared to its average volume of 6,766,379. The stock has a market cap of $30.18 billion, a P/E ratio of 21.35, a P/E/G ratio of 3.27 and a beta of 0.95. The stock's 50-day moving average is $25.11 and its two-hundred day moving average is $24.68. Li Auto Inc. has a 12 month low of $17.44 and a 12 month high of $33.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.76 and a quick ratio of 1.64.

Analyst Upgrades and Downgrades

LI has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised Li Auto from a "neutral" rating to an "overweight" rating and raised their price target for the company from $22.00 to $40.00 in a report on Friday, February 28th. Macquarie cut Li Auto from an "outperform" rating to a "neutral" rating and set a $27.00 price target on the stock. in a report on Monday, March 17th. Cfra Research upgraded Li Auto to a "strong sell" rating in a research report on Friday, March 21st. HSBC set a $38.50 target price on Li Auto and gave the stock a "buy" rating in a research report on Thursday, March 6th. Finally, Nomura Securities upgraded Li Auto to a "hold" rating in a research report 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 given a buy rating to the stock. According to MarketBeat, Li Auto presently has an average rating of "Hold" and an average price target of $35.73.

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.