Barclays PLC Has $15.44 Million Position in Li Auto Inc. (NASDAQ:LI)

Barclays PLC boosted its holdings in Li Auto Inc. (NASDAQ:LI) by 41.8% during the third quarter, Holdings Channel reports. The fund owned 602,028 shares of the company’s stock after purchasing an additional 177,414 shares during the period. Barclays PLC’s holdings in Li Auto were worth $15,442,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of Li Auto by 58.7% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,549 shares of the company’s stock worth $28,000 after acquiring an additional 573 shares during the period. China Universal Asset Management Co. Ltd. lifted its holdings in Li Auto by 2.6% during the 2nd quarter. China Universal Asset Management Co. Ltd. now owns 31,000 shares of the company’s stock worth $554,000 after purchasing an additional 800 shares during the last quarter. Blue Trust Inc. boosted its stake in Li Auto by 55.9% in the 3rd quarter. Blue Trust Inc. now owns 3,043 shares of the company’s stock valued at $78,000 after purchasing an additional 1,091 shares during the period. BNP Paribas grew its holdings in Li Auto by 300.0% in the 3rd quarter. BNP Paribas now owns 2,000 shares of the company’s stock valued at $51,000 after buying an additional 1,500 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in Li Auto during the 3rd quarter worth $39,000. Institutional investors and hedge funds own 9.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on LI. JPMorgan Chase & Co. reduced their target price on shares of Li Auto from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Thursday, August 29th. Macquarie reissued a “neutral” rating and issued a $33.00 price objective (up previously from $25.00) on shares of Li Auto in a report on Friday, October 4th. Barclays raised their target price on shares of Li Auto from $22.00 to $31.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Citigroup boosted their price target on Li Auto from $25.50 to $29.60 and gave the company a “neutral” rating in a research note on Monday, September 30th. Finally, Bank of America raised their price objective on Li Auto from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Li Auto currently has a consensus rating of “Moderate Buy” and an average target price of $33.94.

Li Auto Stock Performance

NASDAQ LI opened at $22.20 on Monday. The firm’s 50 day simple moving average is $24.63 and its 200 day simple moving average is $21.89. The firm has a market capitalization of $23.55 billion, a price-to-earnings ratio of 16.44, a P/E/G ratio of 2.18 and a beta of 0.94. 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 1 year low of $17.44 and a 1 year high of $46.44.

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.