RWC Asset Advisors US LLC Purchases 530,390 Shares of Li Auto Inc. (NASDAQ:LI)

RWC Asset Advisors US LLC lifted its position in shares of Li Auto Inc. (NASDAQ:LI) by 20.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,181,050 shares of the company’s stock after buying an additional 530,390 shares during the quarter. Li Auto makes up about 15.2% of RWC Asset Advisors US LLC’s holdings, making the stock its 2nd largest position. RWC Asset Advisors US LLC owned about 0.30% of Li Auto worth $76,313,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in LI. ABC Arbitrage SA acquired a new position in shares of Li Auto during the 4th quarter worth approximately $331,000. Ping Capital Management Inc. raised its holdings in shares of Li Auto by 161.9% in the fourth quarter. Ping Capital Management Inc. now owns 27,500 shares of the company’s stock worth $660,000 after acquiring an additional 17,000 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Li Auto by 66.2% during the fourth quarter. Blue Trust Inc. now owns 5,058 shares of the company’s stock valued at $130,000 after acquiring an additional 2,015 shares during the last quarter. SG Americas Securities LLC increased its position in Li Auto by 26.9% during the 4th quarter. SG Americas Securities LLC now owns 212,415 shares of the company’s stock worth $5,096,000 after purchasing an additional 45,008 shares in the last quarter. Finally, Atomi Financial Group Inc. acquired a new position in Li Auto in the 4th quarter valued at about $271,000. 9.88% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Barclays raised their price target on shares of Li Auto from $22.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Macquarie raised shares of Li Auto from a “neutral” rating to an “outperform” rating in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $32.77.

Li Auto Stock Performance

Shares of LI stock opened at $27.46 on Monday. 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 firm has a market capitalization of $29.14 billion, a price-to-earnings ratio of 20.34, a price-to-earnings-growth ratio of 3.27 and a beta of 0.92. Li Auto Inc. has a one year low of $17.44 and a one year high of $46.44. The company has a 50 day moving average price of $24.00 and a 200 day moving average price of $23.46.

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.