Li Auto Inc. (NASDAQ:LI) Stock Holdings Decreased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. decreased its stake in shares of Li Auto Inc. (NASDAQ:LI) by 2.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 97,453 shares of the company’s stock after selling 2,034 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Li Auto were worth $2,412,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Signaturefd LLC raised its holdings in shares of Li Auto by 4.4% during the fourth quarter. Signaturefd LLC now owns 10,184 shares of the company’s stock worth $244,000 after purchasing an additional 428 shares during the period. Daiwa Securities Group Inc. grew its position 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 buying an additional 500 shares during the last quarter. Amundi raised its stake in Li Auto by 1.2% during the fourth quarter. Amundi now owns 78,098 shares of the company’s stock worth $1,811,000 after acquiring an additional 888 shares during the period. Blue Trust Inc. lifted its holdings in Li Auto by 66.2% in the fourth quarter. Blue Trust Inc. now owns 5,058 shares of the company’s stock worth $130,000 after acquiring an additional 2,015 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in Li Auto in the fourth quarter valued at approximately $129,000. 9.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LI. Nomura Securities raised Li Auto to a “hold” rating in a report on Monday, March 17th. JPMorgan Chase & Co. upgraded Li Auto from a “neutral” rating to an “overweight” rating and raised their target price for the company from $22.00 to $40.00 in a research note on Friday, February 28th. Macquarie lowered shares of Li Auto from an “outperform” rating to a “neutral” rating and set a $27.00 price target for the company. in a research report on Monday, March 17th. Cfra Research upgraded shares of Li Auto to a “strong sell” rating in a research report on Friday, March 21st. Finally, 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. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $35.73.

Li Auto Trading Up 1.7 %

Shares of LI stock opened at $25.64 on Wednesday. The stock has a 50-day simple moving average of $26.40 and a 200 day simple moving average of $25.01. The stock has a market capitalization of $27.20 billion, a P/E ratio of 18.99, 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 company has a quick ratio of 1.64, a current ratio of 1.76 and a debt-to-equity ratio of 0.13.

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.