Li Auto Inc. (NASDAQ:LI) is Brilliance Asset Management Ltd.’s 3rd Largest Position

Brilliance Asset Management Ltd. boosted its holdings in Li Auto Inc. (NASDAQ:LI) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,508,642 shares of the company’s stock after purchasing an additional 24,416 shares during the period. Li Auto comprises 19.0% of Brilliance Asset Management Ltd.’s holdings, making the stock its 3rd largest position. Brilliance Asset Management Ltd. owned approximately 0.33% of Li Auto worth $84,172,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Aspex Management HK Ltd increased its stake in shares of Li Auto by 55.0% during the 3rd 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 grew its holdings in Li Auto by 422.4% during the third 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 during the period. RWC Asset Advisors US LLC increased its position in Li Auto by 20.0% in the fourth 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. NINE MASTS CAPITAL Ltd bought a new stake in shares of Li Auto in the fourth quarter valued at $6,637,000. Finally, Barclays PLC lifted its position in shares of Li Auto by 41.8% during the 3rd 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 last quarter. Institutional investors own 9.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. raised Li Auto from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $22.00 to $40.00 in a report on Friday, February 28th. Nomura Securities upgraded shares of Li Auto to a “hold” rating in a research report on Monday, March 17th. HSBC set a $38.50 price target on shares of Li Auto and gave the company a “buy” rating in a research report on Thursday, March 6th. Cfra Research upgraded shares of Li Auto to a “strong sell” rating in a research note on Friday, March 21st. Finally, Macquarie lowered shares of Li Auto from an “outperform” rating to a “neutral” rating and set a $27.00 price objective for the company. in a research note on Monday, March 17th. One research 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $35.73.

Li Auto Stock Performance

NASDAQ LI opened at $26.67 on Thursday. The company’s 50 day simple moving average is $26.17 and its two-hundred day simple moving average is $24.79. 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 $28.30 billion, a PE ratio of 19.76, a P/E/G ratio of 3.27 and a beta of 0.86.

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.