Ping Capital Management Inc. raised its stake in shares of Li Auto Inc. (NASDAQ:LI - Free Report) by 161.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,500 shares of the company's stock after acquiring an additional 17,000 shares during the quarter. Ping Capital Management Inc.'s holdings in Li Auto were worth $660,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new position in shares of Li Auto during the 3rd quarter valued at $39,000. Venturi Wealth Management LLC acquired a new position in shares of Li Auto during the 3rd quarter valued at $50,000. BNP Paribas increased its position in shares of Li Auto by 300.0% during the 3rd quarter. BNP Paribas now owns 2,000 shares of the company's stock valued at $51,000 after purchasing an additional 1,500 shares during the period. Avior Wealth Management LLC increased its position in shares of Li Auto by 708.5% during the 3rd 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. increased its position in shares of Li Auto by 55.9% during 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. 9.88% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Separately, Barclays raised their price objective on Li Auto from $22.00 to $31.00 and gave the stock an "equal weight" rating in a research note on Monday, November 4th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Li Auto has a consensus rating of "Hold" and a consensus price target of $33.94.
Get Our Latest Report on LI
Li Auto Price Performance
Shares of LI traded down $0.88 on Wednesday, hitting $23.37. The company's stock had a trading volume of 3,449,378 shares, compared to its average volume of 3,971,395. The company has a market capitalization of $24.80 billion, a PE ratio of 17.31, a PEG ratio of 1.31 and a beta of 0.92. 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 Inc. has a fifty-two week low of $17.44 and a fifty-two week high of $46.44. The company has a 50 day moving average price of $23.26 and a 200 day moving average price of $22.87.
About Li Auto
(
Free Report)
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.
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