BNP Paribas Purchases 1,500 Shares of Li Auto Inc. (NASDAQ:LI)

BNP Paribas lifted its position in Li Auto Inc. (NASDAQ:LI) by 300.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 2,000 shares of the company’s stock after purchasing an additional 1,500 shares during the period. BNP Paribas’ holdings in Li Auto were worth $51,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Li Auto by 58.7% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,549 shares of the company’s stock valued at $28,000 after acquiring an additional 573 shares in the last quarter. Blue Trust Inc. boosted its holdings 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. Allspring Global Investments Holdings LLC bought a new stake in Li Auto in the third quarter valued at $39,000. Venturi Wealth Management LLC bought a new stake in Li Auto in the third quarter valued at $50,000. Finally, Avior Wealth Management LLC boosted its holdings 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 in the last quarter. Institutional investors own 9.88% of the company’s stock.

Li Auto Price Performance

LI opened at $23.31 on Thursday. The stock has a 50-day moving average price of $25.28 and a 200-day moving average price of $21.87. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.76 and a quick ratio of 1.64. The firm has a market cap of $24.73 billion, a PE ratio of 17.27, a P/E/G ratio of 2.15 and a beta of 0.99. Li Auto Inc. has a 1 year low of $17.44 and a 1 year high of $46.44.

Li Auto (NASDAQ:LI) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $0.14 earnings per share (EPS) for the quarter. Li Auto had a return on equity of 13.03% and a net margin of 7.20%. The firm had revenue of $4.36 billion during the quarter. Sell-side analysts predict that Li Auto Inc. will post 1.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Citigroup lifted their price target on shares of Li Auto from $25.50 to $29.60 and gave the company a “neutral” rating in a report on Monday, September 30th. Macquarie reiterated a “neutral” rating and issued a $33.00 price target (up previously from $25.00) on shares of Li Auto in a report on Friday, October 4th. Barclays boosted their target price on shares of Li Auto from $22.00 to $31.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. JPMorgan Chase & Co. dropped their target price on shares of Li Auto from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Finally, Bank of America boosted their target price on shares of Li Auto from $30.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Li Auto presently has an average rating of “Moderate Buy” and an average price target of $33.94.

Li Auto 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.