Point72 Hong Kong Ltd Grows Position in Li Auto Inc. (NASDAQ:LI)

Point72 Hong Kong Ltd grew its holdings in shares of Li Auto Inc. (NASDAQ:LI) by 1,976.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 212,673 shares of the company’s stock after purchasing an additional 202,430 shares during the period. Point72 Hong Kong Ltd’s holdings in Li Auto were worth $5,102,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. RWC Asset Advisors US LLC lifted its position in shares of Li Auto by 20.0% in the 4th quarter. RWC Asset Advisors US LLC now owns 3,181,050 shares of the company’s stock worth $76,313,000 after buying an additional 530,390 shares during the last quarter. Barclays PLC lifted its position in shares of Li Auto by 41.8% in the 3rd quarter. Barclays PLC now owns 602,028 shares of the company’s stock worth $15,442,000 after buying an additional 177,414 shares during the last quarter. Atomi Financial Group Inc. bought a new stake in Li Auto in the 4th quarter valued at about $271,000. Raymond James Financial Inc. bought a new stake in Li Auto in the 4th quarter valued at about $544,000. Finally, Pinpoint Asset Management Ltd lifted its position in Li Auto by 594.4% in the 4th quarter. Pinpoint Asset Management Ltd now owns 131,592 shares of the company’s stock valued at $3,357,000 after purchasing an additional 112,642 shares during the last quarter. Institutional investors and hedge funds own 9.88% of the company’s stock.

Li Auto Stock Up 2.7%

Shares of NASDAQ LI opened at $28.72 on Thursday. The company has a 50 day simple moving average of $25.11 and a 200 day simple moving average of $24.68. The firm has a market cap of $30.07 billion, a PE ratio of 21.27, a price-to-earnings-growth ratio of 3.27 and a beta of 0.95. Li Auto Inc. has a 1 year low of $17.44 and a 1 year high of $33.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.76 and a quick ratio of 1.64.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Cfra Research upgraded shares of Li Auto to a “strong sell” rating in a report on Friday, March 21st. Macquarie downgraded shares of Li Auto from an “outperform” rating to a “neutral” rating and set a $27.00 price target on the stock. in a report on Monday, March 17th. Nomura Securities upgraded shares of Li Auto to a “hold” rating in a research report on Monday, March 17th. HSBC set a $38.50 target price on shares of Li Auto and gave the company a “buy” rating in a research report on Thursday, March 6th. Finally, JPMorgan Chase & Co. raised shares of Li Auto from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $22.00 to $40.00 in a report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $35.73.

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.