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

Northern Trust Corp lifted its position in Li Auto Inc. (NASDAQ:LI - Free Report) by 38.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 488,151 shares of the company's stock after acquiring an additional 134,301 shares during the quarter. Northern Trust Corp's holdings in Li Auto were worth $11,711,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in LI. Signaturefd LLC raised its holdings in Li Auto by 4.4% in the fourth quarter. Signaturefd LLC now owns 10,184 shares of the company's stock worth $244,000 after purchasing an additional 428 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in Li Auto by 16.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the company's stock worth $84,000 after purchasing an additional 500 shares in the last quarter. Amundi raised its holdings in Li Auto by 1.2% in the fourth quarter. Amundi now owns 78,098 shares of the company's stock worth $1,811,000 after purchasing an additional 888 shares in the last quarter. First Trust Advisors LP raised its holdings in Li Auto by 15.2% in the fourth quarter. First Trust Advisors LP now owns 10,014 shares of the company's stock worth $240,000 after purchasing an additional 1,324 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Li Auto by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 177,767 shares of the company's stock worth $4,265,000 after purchasing an additional 1,560 shares in the last quarter. 9.88% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on LI. Cfra Research upgraded shares of Li Auto to a "strong sell" rating in a report on Friday, March 21st. Nomura Securities upgraded Li Auto to a "hold" rating in a research note on Monday, March 17th. JPMorgan Chase & Co. upgraded Li Auto from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $22.00 to $40.00 in a research note on Friday, February 28th. Macquarie lowered 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, HSBC set a $38.50 price target on Li Auto and gave the stock a "buy" rating in a research note on Thursday, March 6th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $32.85.

Li Auto Stock Down 1.5%

Shares of LI stock traded down $0.45 during trading hours on Thursday, reaching $28.67. 3,564,803 shares of the company's stock were exchanged, compared to its average volume of 6,539,707. The stock's fifty day moving average price is $25.13 and its two-hundred day moving average price is $24.75. The stock has a market cap of $30.02 billion, a PE ratio of 21.24, a PEG ratio of 3.27 and a beta of 0.95. Li Auto Inc. has a 1 year low of $17.44 and a 1 year 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.

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.