Franchise Capital Ltd Has $1.70 Million Holdings in Li Auto Inc. (NASDAQ:LI)

Franchise Capital Ltd trimmed its position in Li Auto Inc. (NASDAQ:LI - Free Report) by 70.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 71,050 shares of the company's stock after selling 172,472 shares during the quarter. Li Auto makes up approximately 0.8% of Franchise Capital Ltd's holdings, making the stock its 14th largest position. Franchise Capital Ltd's holdings in Li Auto were worth $1,704,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in LI. Allspring Global Investments Holdings LLC bought a new position in shares of Li Auto during the third quarter worth about $39,000. Venturi Wealth Management LLC acquired a new position in Li Auto during the 3rd quarter valued at about $50,000. BNP Paribas grew its position in Li Auto by 300.0% in the 3rd quarter. BNP Paribas now owns 2,000 shares of the company's stock worth $51,000 after purchasing an additional 1,500 shares during the last quarter. Avior Wealth Management LLC increased its stake in shares of 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 purchasing an additional 2,090 shares during the period. Finally, Blue Trust Inc. raised its holdings in shares of Li Auto by 55.9% during the third 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 last quarter. 9.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have weighed in on LI shares. Citigroup lifted their target price on Li Auto from $25.50 to $29.60 and gave the company a "neutral" rating in a research note on Monday, September 30th. 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 report on Monday, November 4th. Finally, Macquarie reissued a "neutral" rating and set a $33.00 target price (up previously from $25.00) on shares of Li Auto in a research note on Friday, October 4th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Li Auto has a consensus rating of "Moderate Buy" and an average target price of $33.94.

Li Auto Stock Performance

Shares of NASDAQ:LI traded up $0.73 during midday trading on Friday, hitting $24.75. The company's stock had a trading volume of 3,627,392 shares, compared to its average volume of 4,080,896. Li Auto Inc. has a fifty-two week low of $17.44 and a fifty-two week high of $46.44. The stock's 50 day simple moving average is $23.87 and its 200 day simple moving average is $22.26. The stock has a market capitalization of $26.26 billion, a price-to-earnings ratio of 18.33, a PEG ratio of 2.13 and a beta of 0.94. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.64 and a current ratio of 1.76.

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.