BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $30.35 Million Stock Holdings in Li Auto Inc. (NASDAQ:LI)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. decreased its holdings in Li Auto Inc. (NASDAQ:LI - Free Report) by 2.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,183,106 shares of the company's stock after selling 26,393 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.11% of Li Auto worth $30,347,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Advisors Asset Management Inc. lifted its position in shares of Li Auto by 44.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 18,495 shares of the company's stock worth $474,000 after purchasing an additional 5,660 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Li Auto by 27.7% during the 3rd 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 last quarter. Avior Wealth Management LLC lifted its position in Li Auto by 708.5% in the third quarter. Avior Wealth Management LLC now owns 2,385 shares of the company's stock valued at $61,000 after acquiring an additional 2,090 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Li Auto in the third quarter valued at $970,000. Finally, Venturi Wealth Management LLC purchased a new stake in Li Auto in the third quarter valued at $50,000. Institutional investors and hedge funds own 9.88% of the company's stock.

Wall Street Analyst Weigh In

LI has been the topic of a number of recent research reports. Barclays lifted their price objective on shares of Li Auto from $22.00 to $31.00 and gave the company an "equal weight" rating in a research note on Monday, November 4th. JPMorgan Chase & Co. dropped their price target on shares of Li Auto from $21.00 to $19.00 and set a "neutral" rating on the stock in a research note on Thursday, August 29th. Bank of America boosted their price target on shares of Li Auto from $30.00 to $31.00 and gave the stock a "buy" rating in a research note on Thursday, August 29th. Macquarie restated a "neutral" rating and set a $33.00 target price (up from $25.00) on shares of Li Auto in a research report on Friday, October 4th. Finally, Citigroup upped their target price on shares of Li Auto from $25.50 to $29.60 and gave the stock a "neutral" rating in a research report on Monday, September 30th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $33.94.

Li Auto Stock Down 1.4 %

LI traded down $0.32 during trading hours on Friday, reaching $22.28. 5,261,805 shares of the stock traded hands, compared to its average volume of 7,047,096. The firm's fifty day simple moving average is $25.15 and its two-hundred day simple moving average is $22.01. The company has a market cap of $23.64 billion, a price-to-earnings ratio of 16.50, a PEG ratio of 2.16 and a beta of 0.99. Li Auto Inc. has a fifty-two week low of $17.44 and a fifty-two week high of $46.44. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.76 and a quick ratio of 1.64.

Li Auto (NASDAQ:LI - Get Free Report) last released its quarterly earnings results on Wednesday, August 28th. The company reported $0.14 earnings per share for the quarter. The business had revenue of $4.36 billion during the quarter. Li Auto had a net margin of 7.20% and a return on equity of 13.03%. As a group, analysts forecast that Li Auto Inc. will post 1.04 earnings per share for the current fiscal year.

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.