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

BNP Paribas raised its stake in shares of Li Auto Inc. (NASDAQ:LI) by 300.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,000 shares of the company’s stock after acquiring 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.

Several other institutional investors have also recently made changes to their positions in the business. Harel Insurance Investments & Financial Services Ltd. lifted its stake 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 purchasing an additional 573 shares during the period. China Universal Asset Management Co. Ltd. lifted its stake 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. lifted its stake in shares of Li Auto by 55.9% in 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 during the period. Allspring Global Investments Holdings LLC bought a new position in shares of Li Auto in the 3rd quarter worth approximately $39,000. Finally, Venturi Wealth Management LLC bought a new position in shares of Li Auto in the 3rd quarter worth approximately $50,000. Institutional investors own 9.88% of the company’s stock.

Li Auto Trading Up 6.8 %

Shares of LI opened at $23.31 on Thursday. 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 1 year low of $17.44 and a 1 year high of $46.44. The company has a 50 day simple moving average of $25.28 and a two-hundred day simple moving average of $21.87. The firm has a market cap of $24.73 billion, a P/E ratio of 17.27, a price-to-earnings-growth ratio of 2.15 and a beta of 0.99.

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Bank of America increased their price objective on shares of Li Auto from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Macquarie reissued 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. reduced their target price on shares of Li Auto from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Thursday, August 29th. Barclays increased their target price on shares of Li Auto from $22.00 to $31.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Finally, Citigroup increased their target price on shares of Li Auto from $25.50 to $29.60 and gave the stock a “neutral” rating in a report on Monday, September 30th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus 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.