Corient Private Wealth LLC Purchases 15,591 Shares of Li Auto Inc. (NASDAQ:LI)

Corient Private Wealth LLC grew its position in shares of Li Auto Inc. (NASDAQ:LI) by 137.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,926 shares of the company’s stock after purchasing an additional 15,591 shares during the quarter. Corient Private Wealth LLC’s holdings in Li Auto were worth $646,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Daiwa Securities Group Inc. raised its position in Li Auto by 16.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the company’s stock worth $84,000 after purchasing an additional 500 shares during the period. Amundi lifted its stake in shares of Li Auto by 1.2% in the 4th quarter. Amundi now owns 78,098 shares of the company’s stock valued at $1,811,000 after acquiring an additional 888 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Li Auto during the 4th quarter valued at about $544,000. NINE MASTS CAPITAL Ltd bought a new position in Li Auto during the 4th quarter worth approximately $6,637,000. Finally, SBI Securities Co. Ltd. purchased a new position in Li Auto in the 4th quarter worth approximately $191,000. 9.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Li Auto Stock Down 2.4 %

Shares of Li Auto stock opened at $25.52 on Friday. The stock has a market capitalization of $27.08 billion, a PE ratio of 18.90, a price-to-earnings-growth ratio of 3.27 and a beta of 0.86. The company has a 50-day simple moving average of $26.31 and a two-hundred day simple moving average of $24.85. Li Auto Inc. has a 52-week low of $17.44 and a 52-week 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.

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.