Northern Trust Corp Raises Stock Holdings in Li Auto Inc. (NASDAQ:LI)

Northern Trust Corp lifted its holdings in Li Auto Inc. (NASDAQ:LI - Free Report) by 38.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 488,151 shares of the company's stock after acquiring an additional 134,301 shares during the period. Northern Trust Corp's holdings in Li Auto were worth $11,711,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in LI. RWC Asset Advisors US LLC boosted its holdings in shares of Li Auto by 20.0% in the 4th quarter. RWC Asset Advisors US LLC now owns 3,181,050 shares of the company's stock worth $76,313,000 after purchasing an additional 530,390 shares during the period. Barclays PLC lifted its stake in shares of Li Auto by 41.8% during the 3rd quarter. Barclays PLC now owns 602,028 shares of the company's stock worth $15,442,000 after acquiring an additional 177,414 shares during the last quarter. Atomi Financial Group Inc. bought a new stake in shares of Li Auto during the 4th quarter worth approximately $271,000. Raymond James Financial Inc. bought a new stake in shares of Li Auto during the 4th quarter worth approximately $544,000. Finally, Pinpoint Asset Management Ltd raised its position in Li Auto by 594.4% during the 4th quarter. Pinpoint Asset Management Ltd now owns 131,592 shares of the company's stock valued at $3,357,000 after purchasing an additional 112,642 shares in the last quarter. Institutional investors own 9.88% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. HSBC set a $38.50 target price on Li Auto and gave the company a "buy" rating in a research report on Thursday, March 6th. JPMorgan Chase & Co. upgraded Li Auto from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $22.00 to $40.00 in a research note on Friday, February 28th. Cfra Research upgraded 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 target on the stock. in a research note on Monday, March 17th. Finally, Nomura Securities upgraded Li Auto to a "hold" rating in a research note on Monday, March 17th. One 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 company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $35.73.

Li Auto Stock Performance

NASDAQ LI opened at $28.82 on Friday. The stock has a market capitalization of $30.18 billion, a price-to-earnings ratio of 21.35, 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. 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 has a 50-day moving average of $25.11 and a 200 day moving average of $24.68.

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.

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