XTX Topco Ltd Buys Shares of 44,943 Li Auto Inc. (NASDAQ:LI)

XTX Topco Ltd purchased a new stake in shares of Li Auto Inc. (NASDAQ:LI - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 44,943 shares of the company's stock, valued at approximately $1,153,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. increased its stake in Li Auto by 58.7% during the second 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 during the last quarter. China Universal Asset Management Co. Ltd. increased its stake in Li Auto by 2.6% during the second quarter. China Universal Asset Management Co. Ltd. now owns 31,000 shares of the company's stock worth $554,000 after acquiring an additional 800 shares during the last quarter. Blue Trust Inc. increased its stake in Li Auto by 55.9% during the third quarter. Blue Trust Inc. now owns 3,043 shares of the company's stock worth $78,000 after acquiring an additional 1,091 shares during the last quarter. BNP Paribas increased its stake 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 acquiring an additional 1,500 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in Li Auto during the third quarter worth approximately $39,000. 9.88% of the stock is owned by institutional investors.

Li Auto Stock Down 5.1 %

Shares of NASDAQ:LI traded down $1.22 during trading on Tuesday, hitting $22.88. The company's stock had a trading volume of 6,159,860 shares, compared to its average volume of 7,852,022. 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 business has a 50 day moving average price of $25.15 and a two-hundred day moving average price of $21.83. The company has a market capitalization of $24.28 billion, a PE ratio of 17.85, a P/E/G ratio of 2.14 and a beta of 0.94. Li Auto Inc. has a fifty-two week low of $17.44 and a fifty-two week high of $46.44.

Analysts Set New Price Targets

Several analysts have issued reports on LI shares. Macquarie reaffirmed a "neutral" rating and set a $33.00 target price (up previously from $25.00) on shares of Li Auto in a research report on Friday, October 4th. Bank of America increased their price objective on Li Auto from $30.00 to $31.00 and gave the company a "buy" rating in a report on Thursday, August 29th. JPMorgan Chase & Co. decreased their price objective on Li Auto from $21.00 to $19.00 and set a "neutral" rating for the company in a report on Thursday, August 29th. 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. Finally, Barclays increased their price objective on Li Auto from $22.00 to $31.00 and gave the company an "equal weight" rating in a report on Monday, November 4th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Li Auto presently has an average 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.