Li Auto Inc. (NASDAQ:LI) Stock Holdings Lifted by Barclays PLC

Barclays PLC increased its stake in shares of Li Auto Inc. (NASDAQ:LI - Free Report) by 41.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 602,028 shares of the company's stock after acquiring an additional 177,414 shares during the quarter. Barclays PLC owned about 0.06% of Li Auto worth $15,442,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in LI. Harel Insurance Investments & Financial Services Ltd. increased its stake in Li Auto by 58.7% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,549 shares of the company's stock valued at $28,000 after purchasing an additional 573 shares during the period. China Universal Asset Management Co. Ltd. grew its stake in shares of Li Auto by 2.6% in the 2nd quarter. China Universal Asset Management Co. Ltd. now owns 31,000 shares of the company's stock valued at $554,000 after purchasing an additional 800 shares during the last quarter. Blue Trust Inc. increased 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 buying an additional 1,091 shares during the period. BNP Paribas raised its holdings in Li Auto by 300.0% during the third quarter. BNP Paribas now owns 2,000 shares of the company's stock worth $51,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Li Auto during the 3rd quarter worth approximately $39,000. Institutional investors and hedge funds own 9.88% of the company's stock.

Li Auto Stock Performance

NASDAQ LI traded down $0.40 on Monday, hitting $21.80. The stock had a trading volume of 5,230,004 shares, compared to its average volume of 7,796,232. The company's 50-day moving average is $24.46 and its two-hundred day moving average is $21.90. Li Auto Inc. has a one year low of $17.44 and a one year high of $46.44. The stock has a market cap of $23.13 billion, a price-to-earnings ratio of 16.15, a P/E/G ratio of 2.18 and a beta of 0.94. The company has a quick ratio of 1.64, a current ratio of 1.76 and a debt-to-equity ratio of 0.13.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on LI shares. Macquarie reiterated a "neutral" rating and set a $33.00 target price (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 research report on Monday, November 4th. 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 report on Thursday, August 29th. Citigroup increased their target price on Li Auto from $25.50 to $29.60 and gave the stock a "neutral" rating in a research report on Monday, September 30th. Finally, JPMorgan Chase & Co. lowered their price target on Li Auto from $21.00 to $19.00 and set a "neutral" rating for the company in a report on Thursday, August 29th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $33.94.

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.