OLD Mission Capital LLC Makes New $14.70 Million Investment in Li Auto Inc. (NASDAQ:LI)

OLD Mission Capital LLC bought a new position in Li Auto Inc. (NASDAQ:LI) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 612,921 shares of the company’s stock, valued at approximately $14,704,000. OLD Mission Capital LLC owned 0.06% of Li Auto at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. O Shaughnessy Asset Management LLC grew its holdings in shares of Li Auto by 91.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 27,558 shares of the company’s stock valued at $661,000 after buying an additional 13,187 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Li Auto by 110.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 260,552 shares of the company’s stock worth $6,251,000 after acquiring an additional 136,904 shares during the period. Brilliance Asset Management Ltd. grew its stake in Li Auto by 0.7% during the 4th quarter. Brilliance Asset Management Ltd. now owns 3,508,642 shares of the company’s stock valued at $84,172,000 after acquiring an additional 24,416 shares in the last quarter. American Century Companies Inc. increased its holdings 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, Quantbot Technologies LP purchased a new stake in shares of Li Auto in the fourth quarter worth approximately $3,821,000. 9.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on LI. Macquarie downgraded shares of 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. HSBC set a $38.50 price target on shares of Li Auto and gave the company 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. upgraded Li Auto from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $22.00 to $40.00 in a research note on Friday, February 28th. Finally, Cfra Research raised Li Auto to a “strong sell” rating in a research note on Friday, March 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $35.73.

Li Auto Price Performance

NASDAQ LI opened at $25.20 on Tuesday. The firm has a market cap of $26.74 billion, a P/E ratio of 18.67, a price-to-earnings-growth ratio of 3.27 and a beta of 0.86. The stock’s 50-day moving average is $26.36 and its two-hundred day moving average is $24.97. Li Auto Inc. has a fifty-two week low of $17.44 and a fifty-two week high of $33.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.76 and a quick ratio of 1.64.

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.