Quantbot Technologies LP Takes $3.82 Million Position in Li Auto Inc. (NASDAQ:LI)

Quantbot Technologies LP purchased a new stake in Li Auto Inc. (NASDAQ:LI) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 159,284 shares of the company’s stock, valued at approximately $3,821,000.

A number of other large investors have also recently bought and sold shares of the business. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Li Auto during the 3rd quarter worth approximately $970,000. Avior Wealth Management LLC lifted its holdings in shares of Li Auto by 708.5% during the third quarter. Avior Wealth Management LLC now owns 2,385 shares of the company’s stock worth $61,000 after purchasing an additional 2,090 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in Li Auto by 27.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 432,988 shares of the company’s stock valued at $11,106,000 after buying an additional 93,904 shares during the last quarter. Advisors Asset Management Inc. increased its stake in Li Auto by 44.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 18,495 shares of the company’s stock valued at $474,000 after buying an additional 5,660 shares during the period. Finally, FMR LLC raised its position in Li Auto by 422.4% during the 3rd quarter. FMR LLC now owns 4,252,398 shares of the company’s stock worth $109,074,000 after buying an additional 3,438,410 shares during the last quarter. Institutional investors and hedge funds own 9.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. HSBC set a $38.50 target price on shares of Li Auto and gave the stock a “buy” rating in a research note on Thursday, March 6th. Macquarie lowered Li Auto from an “outperform” rating to a “neutral” rating and set a $27.00 price objective on the stock. in a report on Monday, March 17th. Nomura Securities upgraded Li Auto to a “hold” rating in a research report on Monday, March 17th. Finally, JPMorgan Chase & Co. raised 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. Four 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, Li Auto presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.73.

Li Auto Price Performance

LI stock opened at $26.40 on Friday. The firm has a 50 day moving average of $25.91 and a 200-day moving average of $24.59. The company has a market cap of $28.01 billion, a price-to-earnings ratio of 19.56, a PEG ratio of 3.27 and a beta of 0.86. Li Auto Inc. has a 12-month low of $17.44 and a 12-month 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.