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

Virtu Financial LLC raised its holdings in Li Auto Inc. (NASDAQ:LI) by 269.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,908 shares of the company’s stock after buying an additional 40,785 shares during the quarter. Virtu Financial LLC’s holdings in Li Auto were worth $1,434,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of LI. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Li Auto by 58.7% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,549 shares of the company’s stock worth $28,000 after buying an additional 573 shares during the period. China Universal Asset Management Co. Ltd. raised its holdings in shares of Li Auto by 2.6% in the 2nd quarter. China Universal Asset Management Co. Ltd. now owns 31,000 shares of the company’s stock worth $554,000 after purchasing an additional 800 shares during the period. Blue Trust Inc. increased its position in Li Auto by 55.9% during the 3rd quarter. Blue Trust Inc. now owns 3,043 shares of the company’s stock worth $78,000 after purchasing an additional 1,091 shares in the last quarter. BNP Paribas raised its holdings in Li Auto by 300.0% in the third quarter. BNP Paribas now owns 2,000 shares of the company’s stock valued at $51,000 after buying an additional 1,500 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new position in Li Auto during the third quarter valued at approximately $39,000. Institutional investors and hedge funds own 9.88% of the company’s stock.

Li Auto Stock Performance

Shares of LI opened at $22.79 on Friday. The stock has a market capitalization of $24.18 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 2.18 and a beta of 0.94. The business’s fifty day moving average price is $24.78 and its 200 day moving average price is $21.86. 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 12-month low of $17.44 and a 12-month high of $46.44.

Wall Street Analysts Forecast Growth

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

Li Auto Company 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.