OMERS ADMINISTRATION Corp Lowers Position in Li Auto Inc. (NASDAQ:LI)

OMERS ADMINISTRATION Corp decreased its holdings in shares of Li Auto Inc. (NASDAQ:LI) by 50.0% during the fourth quarter, according to its most recent filing with the SEC. The firm 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.

A number of other institutional investors have also added to or reduced their stakes in LI. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Li Auto during the fourth quarter valued at about $8,923,000. LMR Partners LLP purchased a new stake in shares of Li Auto during the fourth quarter valued at about $16,266,000. Laird Norton Wetherby Wealth Management LLC boosted its holdings in shares of 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 purchased a new position in shares of Li Auto in the 4th quarter worth approximately $269,000. Finally, Northern Trust Corp raised its stake 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 in the last quarter. Hedge funds and other institutional investors own 9.88% of the company’s stock.

Analyst Ratings Changes

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

Li Auto Stock Up 0.9%

NASDAQ:LI opened at $28.82 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.76 and a quick ratio of 1.64. The company’s fifty day moving average price is $25.11 and its 200-day moving average price is $24.64. 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 P/E ratio of 21.35, a PEG ratio of 3.27 and a beta of 0.95.

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.