Li Auto Inc. (NASDAQ:LI) is Xiamen Xinweidachuang Investment Partnership Limited Partnership’s Largest Position

Xiamen Xinweidachuang Investment Partnership Limited Partnership decreased its holdings in shares of Li Auto Inc. (NASDAQ:LI) by 3.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 7,227,165 shares of the company’s stock after selling 284,517 shares during the period. Li Auto accounts for approximately 100.0% of Xiamen Xinweidachuang Investment Partnership Limited Partnership’s holdings, making the stock its biggest holding. Xiamen Xinweidachuang Investment Partnership Limited Partnership’s holdings in Li Auto were worth $173,380,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of LI. Aspex Management HK Ltd raised its stake in shares of Li Auto by 55.0% in the third quarter. Aspex Management HK Ltd now owns 10,643,926 shares of the company’s stock worth $273,017,000 after purchasing an additional 3,778,463 shares during the last quarter. FMR LLC increased its holdings in shares of Li Auto by 422.4% during the 3rd quarter. FMR LLC now owns 4,252,398 shares of the company’s stock valued at $109,074,000 after purchasing an additional 3,438,410 shares in the last quarter. RWC Asset Advisors US LLC increased its holdings in shares of Li Auto by 20.0% during the 4th quarter. RWC Asset Advisors US LLC now owns 3,181,050 shares of the company’s stock valued at $76,313,000 after purchasing an additional 530,390 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Li Auto by 14.9% in the 4th quarter. American Century Companies Inc. now owns 1,005,524 shares of the company’s stock valued at $24,123,000 after purchasing an additional 130,598 shares during the period. Finally, Barclays PLC grew its position in Li Auto by 41.8% during the third quarter. Barclays PLC now owns 602,028 shares of the company’s stock valued at $15,442,000 after buying an additional 177,414 shares during the period. Hedge funds and other institutional investors own 9.88% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on LI shares. Macquarie lowered shares of Li Auto from an “outperform” rating to a “neutral” rating and set a $27.00 target price on the stock. in a research note on Monday, March 17th. JPMorgan Chase & Co. upgraded Li Auto from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $22.00 to $40.00 in a research report on Friday, February 28th. HSBC set a $38.50 target price on Li Auto and gave the stock a “buy” rating in a research note on Thursday, March 6th. Finally, Nomura Securities raised shares of Li Auto to a “hold” rating in a research note on Monday, March 17th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $35.73.

Li Auto Stock Down 0.8 %

Shares of LI opened at $26.18 on Tuesday. The stock has a 50 day moving average price of $26.00 and a 200 day moving average price of $24.73. Li Auto Inc. has a one year low of $17.44 and a one year high of $33.12. 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 stock has a market capitalization of $27.78 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 3.27 and a beta of 0.86.

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.