SBI Securities Co. Ltd. Purchases Shares of 7,981 Li Auto Inc. (NASDAQ:LI)

SBI Securities Co. Ltd. acquired a new position in shares of Li Auto Inc. (NASDAQ:LI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,981 shares of the company’s stock, valued at approximately $191,000.

Several other hedge funds also recently modified their holdings of LI. Janney Montgomery Scott LLC increased its stake in shares of Li Auto by 43.8% in the third quarter. Janney Montgomery Scott LLC now owns 43,137 shares of the company’s stock valued at $1,106,000 after buying an additional 13,139 shares in the last quarter. Van ECK Associates Corp grew its holdings in Li Auto by 4.3% during the 3rd quarter. Van ECK Associates Corp now owns 219,995 shares of the company’s stock worth $5,955,000 after acquiring an additional 9,008 shares during the last quarter. Venturi Wealth Management LLC bought a new stake in Li Auto during the 3rd quarter worth about $50,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Li Auto in the 3rd quarter valued at about $970,000. Finally, Avior Wealth Management LLC raised its stake in shares of Li Auto by 708.5% in the third quarter. Avior Wealth Management LLC now owns 2,385 shares of the company’s stock worth $61,000 after acquiring an additional 2,090 shares during the last quarter. Institutional investors and hedge funds own 9.88% of the company’s stock.

Li Auto Trading Down 3.9 %

LI opened at $27.56 on Friday. The stock has a market capitalization of $29.24 billion, a P/E ratio of 20.41, a P/E/G ratio of 3.27 and a beta of 0.86. 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 12 month low of $17.44 and a 12 month high of $40.13. The firm’s fifty day simple moving average is $25.02 and its 200 day simple moving average is $24.01.

Analyst Ratings Changes

LI has been the subject of a number of research reports. JPMorgan Chase & Co. raised shares of Li Auto from a “neutral” rating to an “overweight” rating and raised their price target for the company from $22.00 to $40.00 in a report on Friday, February 28th. Macquarie upgraded shares of Li Auto from a “neutral” rating to an “outperform” rating in a report on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $36.27.

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.