DRW Securities LLC Purchases 12,869 Shares of Li Auto Inc. (NASDAQ:LI)

DRW Securities LLC increased its position in shares of Li Auto Inc. (NASDAQ:LI) by 148.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,531 shares of the company’s stock after purchasing an additional 12,869 shares during the quarter. DRW Securities LLC’s holdings in Li Auto were worth $517,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Daiwa Securities Group Inc. grew 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 worth $84,000 after acquiring an additional 500 shares during the period. Harvest Fund Management Co. Ltd purchased a new stake in Li Auto during the 4th quarter worth about $129,000. Blue Trust Inc. boosted its stake in Li Auto by 66.2% in the 4th quarter. Blue Trust Inc. now owns 5,058 shares of the company’s stock worth $130,000 after purchasing an additional 2,015 shares during the period. SBI Securities Co. Ltd. purchased a new position in Li Auto during the 4th quarter valued at about $191,000. Finally, Ballentine Partners LLC bought a new position in shares of Li Auto in the fourth quarter valued at approximately $223,000. 9.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

LI has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upgraded shares of Li Auto from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $22.00 to $40.00 in a research report on Friday, February 28th. Cfra Research upgraded shares of Li Auto to a “strong sell” rating in a research report on Friday, March 21st. HSBC set a $38.50 price target on shares of Li Auto and gave the stock a “buy” rating in a research note on Thursday, March 6th. Macquarie downgraded shares of Li Auto from an “outperform” rating to a “neutral” rating and set a $27.00 price objective for the company. in a report on Monday, March 17th. Finally, Nomura Securities raised Li Auto to a “hold” rating in a research note on Monday, March 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $35.73.

Li Auto Trading Up 6.8 %

Shares of LI stock opened at $21.14 on Thursday. The business has a 50-day moving average of $26.21 and a 200 day moving average of $25.02. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.76 and a quick ratio of 1.64. Li Auto Inc. has a 1-year low of $17.44 and a 1-year high of $33.12. The stock has a market capitalization of $22.14 billion, a PE ratio of 15.66, a P/E/G ratio of 3.27 and a beta of 0.94.

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.