Renaissance Technologies LLC Purchases 99,539 Shares of Li Auto Inc. (NASDAQ:LI)

Renaissance Technologies LLC raised its holdings in shares of Li Auto Inc. (NASDAQ:LI) by 1.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,800,639 shares of the company’s stock after purchasing an additional 99,539 shares during the quarter. Renaissance Technologies LLC’s holdings in Li Auto were worth $187,137,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Daiwa Securities Group Inc. increased its holdings in Li Auto by 16.7% during 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 in the last quarter. Harvest Fund Management Co. Ltd bought a new position in Li Auto during the fourth quarter valued at about $129,000. Blue Trust Inc. increased its stake in shares of Li Auto by 66.2% during the 4th quarter. Blue Trust Inc. now owns 5,058 shares of the company’s stock worth $130,000 after purchasing an additional 2,015 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Li Auto in the fourth quarter valued at $191,000. Finally, Ballentine Partners LLC purchased a new stake in shares of Li Auto during the fourth quarter worth $223,000. 9.88% of the stock is owned by institutional investors.

Li Auto Price Performance

Shares of NASDAQ LI opened at $21.51 on Tuesday. The firm has a market cap of $22.82 billion, a P/E ratio of 15.93, a PEG ratio of 3.27 and a beta of 0.94. Li Auto Inc. has a twelve month low of $17.44 and a twelve month high of $33.12. The company has a quick ratio of 1.64, a current ratio of 1.76 and a debt-to-equity ratio of 0.13. The company has a 50 day moving average of $26.45 and a 200 day moving average of $25.10.

Wall Street Analyst Weigh In

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