Harvest Fund Management Co. Ltd Buys New Position in Li Auto Inc. (NASDAQ:LI)

Harvest Fund Management Co. Ltd bought a new stake in Li Auto Inc. (NASDAQ:LI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 5,400 shares of the company’s stock, valued at approximately $129,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Signaturefd LLC increased its stake in shares of Li Auto by 4.4% during the 4th quarter. Signaturefd LLC now owns 10,184 shares of the company’s stock valued at $244,000 after acquiring an additional 428 shares during the last quarter. Corient Private Wealth LLC increased its stake in shares of Li Auto by 137.5% during the 4th quarter. Corient Private Wealth LLC now owns 26,926 shares of the company’s stock valued at $646,000 after acquiring an additional 15,591 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Li Auto by 16.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the company’s stock valued at $84,000 after acquiring an additional 500 shares during the last quarter. Amundi increased its stake in shares of Li Auto by 1.2% during the 4th quarter. Amundi now owns 78,098 shares of the company’s stock valued at $1,811,000 after acquiring an additional 888 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Li Auto during the 4th quarter valued at about $544,000. Institutional investors and hedge funds own 9.88% of the company’s stock.

Wall Street Analysts Forecast Growth

LI has been the subject of a number of research analyst reports. Nomura Securities raised shares of Li Auto to a “hold” rating in a research report on Monday, March 17th. JPMorgan Chase & Co. raised shares of Li Auto from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $22.00 to $40.00 in a research report on Friday, February 28th. HSBC set a $38.50 target price on shares of Li Auto and gave the stock a “buy” rating in a research report on Thursday, March 6th. Finally, Macquarie downgraded shares of Li Auto from an “outperform” rating to a “neutral” rating and set a $27.00 target price for the company. in a research report on Monday, March 17th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $35.73.

Li Auto Stock Down 1.3 %

NASDAQ LI opened at $26.40 on Friday. The stock has a market cap of $28.01 billion, a PE ratio of 19.56, a P/E/G ratio of 3.27 and a beta of 0.86. Li Auto Inc. has a fifty-two week low of $17.44 and a fifty-two week high of $33.12. The business has a 50 day moving average price of $25.91 and a two-hundred day moving average price of $24.63. The company has a quick ratio of 1.64, a current ratio of 1.76 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.