Li Auto Inc. (NASDAQ:LI) Shares Sold by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp decreased its holdings in Li Auto Inc. (NASDAQ:LI) by 50.0% in the fourth quarter, Holdings Channel reports. The fund owned 26,450 shares of the company’s stock after selling 26,450 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Li Auto were worth $635,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Li Auto in the fourth quarter valued at approximately $8,923,000. LMR Partners LLP purchased a new stake in Li Auto in the 4th quarter valued at $16,266,000. Laird Norton Wetherby Wealth Management LLC grew its holdings in Li Auto by 2.2% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 25,174 shares of the company’s stock valued at $604,000 after buying an additional 547 shares in the last quarter. Centiva Capital LP acquired a new stake in shares of Li Auto in the 4th quarter worth $269,000. Finally, Northern Trust Corp raised its holdings in shares of Li Auto by 38.0% during the 4th quarter. Northern Trust Corp now owns 488,151 shares of the company’s stock worth $11,711,000 after acquiring an additional 134,301 shares during the period. 9.88% of the stock is owned by hedge funds and other institutional investors.

Li Auto Stock Up 0.9%

Shares of NASDAQ:LI opened at $28.82 on Monday. The firm’s 50-day moving average is $25.11 and its two-hundred day moving average is $24.64. 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 firm has a market capitalization of $30.18 billion, a PE ratio of 21.35, a price-to-earnings-growth ratio of 3.27 and a beta of 0.95.

Analysts Set New Price Targets

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

Li Auto 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.