Bridgewater Associates LP Grows Position in Li Auto Inc. (NASDAQ:LI)

Bridgewater Associates LP grew its position in Li Auto Inc. (NASDAQ:LI) by 130.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,652 shares of the company’s stock after purchasing an additional 18,489 shares during the period. Bridgewater Associates LP’s holdings in Li Auto were worth $783,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LI. Barclays PLC lifted 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 in the last quarter. Virtu Financial LLC lifted its holdings in shares of Li Auto by 269.7% during the 3rd quarter. Virtu Financial LLC now owns 55,908 shares of the company’s stock valued at $1,434,000 after acquiring an additional 40,785 shares in the last quarter. SK Wealth Management LLC purchased a new stake in Li Auto during the 3rd quarter worth $1,160,000. Ballentine Partners LLC acquired a new stake in Li Auto in the 4th quarter valued at $223,000. Finally, Atomi Financial Group Inc. purchased a new position in Li Auto in the fourth quarter valued at about $271,000. Institutional investors and hedge funds own 9.88% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Li Auto Stock Up 1.8 %

Shares of NASDAQ:LI opened at $23.13 on Friday. The firm has a market cap of $24.22 billion, a PE ratio of 17.13, a price-to-earnings-growth ratio of 3.27 and a beta of 0.94. The company has a fifty day simple moving average of $25.99 and a 200 day simple moving average of $24.86. The company has a current ratio of 1.76, a quick ratio of 1.64 and a debt-to-equity ratio of 0.13. Li Auto Inc. has a 12-month low of $17.44 and a 12-month high of $33.12.

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.