Virtu Financial LLC Grows Stock Holdings in Li Auto Inc. (NASDAQ:LI)

Virtu Financial LLC boosted its position in shares of Li Auto Inc. (NASDAQ:LI - Free Report) by 269.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 55,908 shares of the company's stock after acquiring an additional 40,785 shares during the period. Virtu Financial LLC's holdings in Li Auto were worth $1,434,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new position in Li Auto in the third quarter valued at approximately $39,000. Harel Insurance Investments & Financial Services Ltd. raised its stake in Li Auto by 58.7% during the 2nd 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 in the last quarter. Venturi Wealth Management LLC purchased a new stake in Li Auto in the third quarter valued at $50,000. Blue Trust Inc. boosted its stake in Li Auto by 1,707.4% in the second quarter. Blue Trust Inc. now owns 1,952 shares of the company's stock valued at $35,000 after acquiring an additional 1,844 shares in the last quarter. Finally, BNP Paribas grew its holdings in shares of 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 during the last quarter. 9.88% of the stock is owned by hedge funds and other institutional investors.

Li Auto Stock Performance

Li Auto stock traded down $0.59 during trading hours on Friday, reaching $22.20. 4,156,827 shares of the stock were exchanged, compared to its average volume of 7,806,867. Li Auto Inc. has a 52-week low of $17.44 and a 52-week high of $46.44. The stock has a market cap of $23.55 billion, a P/E ratio of 16.44, a P/E/G ratio of 2.18 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. The firm's 50 day moving average is $24.63 and its 200 day moving average is $21.87.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Barclays boosted their target price on Li Auto from $22.00 to $31.00 and gave the company an "equal weight" rating in a report on Monday, November 4th. Citigroup increased their price objective on Li Auto from $25.50 to $29.60 and gave the company a "neutral" rating in a report on Monday, September 30th. Macquarie reaffirmed a "neutral" rating and issued a $33.00 target price (up from $25.00) on shares of Li Auto in a report on Friday, October 4th. JPMorgan Chase & Co. decreased their price target on shares of Li Auto from $21.00 to $19.00 and set a "neutral" rating for the company in a research note on Thursday, August 29th. Finally, Bank of America lifted their price objective on shares of Li Auto from $30.00 to $31.00 and gave the company 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 assigned a buy rating to the company. According to MarketBeat, Li Auto has a consensus rating of "Moderate Buy" and a consensus target price 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.