NINE MASTS CAPITAL Ltd Takes Position in Li Auto Inc. (NASDAQ:LI)

NINE MASTS CAPITAL Ltd bought a new stake in Li Auto Inc. (NASDAQ:LI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 274,400 shares of the company’s stock, valued at approximately $6,637,000. Li Auto accounts for 1.2% of NINE MASTS CAPITAL Ltd’s portfolio, making the stock its 10th biggest position.

A number of other institutional investors also recently modified their holdings of the business. Aspex Management HK Ltd lifted its position in Li Auto by 55.0% during the third quarter. Aspex Management HK Ltd now owns 10,643,926 shares of the company’s stock worth $273,017,000 after purchasing an additional 3,778,463 shares during the period. FMR LLC lifted its position in Li Auto by 422.4% during the third quarter. FMR LLC now owns 4,252,398 shares of the company’s stock worth $109,074,000 after purchasing an additional 3,438,410 shares during the period. RWC Asset Advisors US LLC lifted its position in Li Auto by 20.0% during the fourth quarter. RWC Asset Advisors US LLC now owns 3,181,050 shares of the company’s stock worth $76,313,000 after purchasing an additional 530,390 shares during the period. Barclays PLC lifted its position in Li Auto by 41.8% during the third quarter. Barclays PLC now owns 602,028 shares of the company’s stock worth $15,442,000 after purchasing an additional 177,414 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in Li Auto by 27.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 432,988 shares of the company’s stock worth $11,106,000 after purchasing an additional 93,904 shares during the period. Institutional investors own 9.88% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Macquarie raised shares of Li Auto from a “neutral” rating to an “outperform” rating in a research report on Thursday, February 6th. Barclays upped their price objective on shares of Li Auto from $22.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Finally, JPMorgan Chase & Co. raised Li Auto from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $22.00 to $40.00 in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Li Auto currently has an average rating of “Moderate Buy” and a consensus target price of $36.27.

Li Auto Stock Down 3.7 %

LI stock opened at $30.73 on Monday. The stock has a market capitalization of $32.60 billion, a P/E ratio of 22.76, a price-to-earnings-growth ratio of 3.27 and a beta of 0.92. The company has a current ratio of 1.76, a quick ratio of 1.64 and a debt-to-equity ratio of 0.13. Li Auto Inc. has a 12 month low of $17.44 and a 12 month high of $46.02. The firm has a 50-day moving average price of $24.76 and a 200-day moving average price of $23.85.

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.