OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Makes New Investment in Li Auto Inc. (NASDAQ:LI)

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Li Auto Inc. (NASDAQ:LI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 371,950 shares of the company's stock, valued at approximately $8,923,000.

Several other large investors have also recently modified their holdings of LI. LMR Partners LLP purchased a new position in Li Auto in the 4th quarter worth about $16,266,000. Laird Norton Wetherby Wealth Management LLC raised its position in Li Auto by 2.2% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 25,174 shares of the company's stock worth $604,000 after buying an additional 547 shares during the last quarter. Centiva Capital LP purchased a new stake in shares of Li Auto during the 4th quarter valued at about $269,000. Northern Trust Corp increased its position in shares of Li Auto by 38.0% during the 4th quarter. Northern Trust Corp now owns 488,151 shares of the company's stock valued at $11,711,000 after purchasing an additional 134,301 shares during the last quarter. Finally, Dark Forest Capital Management LP purchased a new stake in shares of Li Auto during the 4th quarter valued at about $364,000. Hedge funds and other institutional investors own 9.88% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on LI shares. Macquarie lowered shares of Li Auto from an "outperform" rating to a "neutral" rating and set a $27.00 price target for the company. in a research report on Monday, March 17th. Nomura Securities raised shares of Li Auto to a "hold" rating in a research report on Monday, March 17th. HSBC set a $38.50 price target on shares of Li Auto and gave the company a "buy" rating in a research report on Thursday, March 6th. Cfra Research raised shares of Li Auto to a "strong sell" rating in a research report on Friday, March 21st. Finally, JPMorgan Chase & Co. raised shares of Li Auto from a "neutral" rating to an "overweight" rating and upped their price target for the company from $22.00 to $40.00 in a research report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Li Auto presently has an average rating of "Hold" and a consensus price target of $35.73.

Li Auto Stock Performance

Li Auto stock traded down $0.17 during midday trading on Thursday, hitting $28.55. The stock had a trading volume of 2,262,621 shares, compared to its average volume of 6,788,105. The firm's fifty day moving average is $25.13 and its two-hundred day moving average is $24.67. The company has a market capitalization of $29.89 billion, a PE ratio of 21.15, a P/E/G ratio of 3.27 and a beta of 0.95. Li Auto Inc. has a 52-week low of $17.44 and a 52-week 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 Company 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.