LMR Partners LLP Takes Position in Li Auto Inc. (NASDAQ:LI)

LMR Partners LLP bought a new stake in Li Auto Inc. (NASDAQ:LI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 678,050 shares of the company's stock, valued at approximately $16,266,000. LMR Partners LLP owned approximately 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 bought and sold shares of LI. Signaturefd LLC increased its position in Li Auto by 4.4% in the 4th quarter. Signaturefd LLC now owns 10,184 shares of the company's stock worth $244,000 after buying an additional 428 shares during the period. Daiwa Securities Group Inc. increased its position in Li Auto by 16.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the company's stock worth $84,000 after acquiring an additional 500 shares during the period. Laird Norton Wetherby Wealth Management LLC raised 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 purchasing an additional 547 shares during the last quarter. Amundi grew its position in Li Auto by 1.2% in the 4th quarter. Amundi now owns 78,098 shares of the company's stock worth $1,811,000 after purchasing an additional 888 shares during the last quarter. Finally, First Trust Advisors LP raised its position in shares of Li Auto by 15.2% during the fourth quarter. First Trust Advisors LP now owns 10,014 shares of the company's stock valued at $240,000 after buying an additional 1,324 shares during the last quarter. Hedge funds and other institutional investors own 9.88% of the company's stock.

Li Auto Price Performance

Li Auto stock traded up $0.76 on Wednesday, reaching $28.72. The company's stock had a trading volume of 3,768,212 shares, compared to its average volume of 6,807,049. The business's fifty day moving average price is $25.11 and its 200 day moving average price is $24.68. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.64 and a current ratio of 1.76. The company has a market cap of $30.07 billion, a price-to-earnings ratio of 21.27, a PEG 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.

Analysts Set New Price Targets

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

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.