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

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Li Auto Inc. (NASDAQ:LI - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 371,950 shares of the company's stock, valued at approximately $8,923,000.

Several other hedge funds have also recently bought and sold shares of LI. LMR Partners LLP bought a new stake in shares of Li Auto during the 4th quarter worth about $16,266,000. Laird Norton Wetherby Wealth Management LLC raised its position in shares of 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 worth $604,000 after buying an additional 547 shares in the last quarter. Centiva Capital LP bought a new stake in shares of Li Auto during the 4th quarter worth about $269,000. Northern Trust Corp raised 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 worth $11,711,000 after buying an additional 134,301 shares in the last quarter. Finally, Dark Forest Capital Management LP bought a new stake in shares of Li Auto during the 4th quarter worth about $364,000. 9.88% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. JPMorgan Chase & Co. upgraded shares of 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 report on Friday, February 28th. Nomura Securities upgraded 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 stock a "buy" rating in a research report on Thursday, March 6th. Cfra Research upgraded shares of Li Auto to a "strong sell" rating in a report on Friday, March 21st. Finally, Macquarie downgraded shares of Li Auto from an "outperform" rating to a "neutral" rating and set a $27.00 target price on the stock. in a report on Monday, March 17th. One 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.com, the stock has an average rating of "Hold" and an average target price of $35.73.

Li Auto Price Performance

Shares of NASDAQ LI traded up $0.27 during midday trading on Friday, reaching $28.82. The company's stock had a trading volume of 1,976,122 shares, compared to its average volume of 6,760,867. The company has a 50 day moving average price of $25.11 and a 200 day moving average price of $24.65. The company has a market cap of $30.18 billion, a price-to-earnings ratio of 21.35, a price-to-earnings-growth ratio of 3.27 and a beta of 0.95. 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 Inc. has a one year low of $17.44 and a one year high of $33.12.

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.