7,981 Shares in Li Auto Inc. (NASDAQ:LI) Bought by SBI Securities Co. Ltd.

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

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC bought a new stake in shares of Li Auto during the 3rd quarter worth approximately $50,000. BNP Paribas increased its holdings in Li Auto by 300.0% during the third quarter. BNP Paribas now owns 2,000 shares of the company’s stock worth $51,000 after buying an additional 1,500 shares during the last quarter. Avior Wealth Management LLC raised its position in 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 acquiring an additional 2,090 shares in the last quarter. Blue Trust Inc. lifted its stake in Li Auto by 66.2% in 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. Finally, Ballentine Partners LLC acquired a new stake in Li Auto in the fourth quarter valued at $223,000. 9.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on LI shares. JPMorgan Chase & Co. raised shares of Li Auto from a “neutral” rating to an “overweight” rating and upped their target price for the company from $22.00 to $40.00 in a report on Friday, February 28th. Macquarie raised Li Auto from a “neutral” rating to an “outperform” rating in a research report on Thursday, February 6th. Two equities research 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 currently has an average rating of “Moderate Buy” and an average price target of $36.27.

Li Auto Stock Performance

NASDAQ LI opened at $27.56 on Friday. The stock has a market cap of $29.24 billion, a PE ratio of 20.41, a P/E/G ratio of 3.27 and a beta of 0.86. 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 50-day moving average of $25.02 and a 200-day moving average of $24.01. Li Auto Inc. has a 52-week low of $17.44 and a 52-week high of $40.13.

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.