Barclays PLC Purchases 177,414 Shares of Li Auto Inc. (NASDAQ:LI)

Barclays PLC boosted its position in shares of Li Auto Inc. (NASDAQ:LI) by 41.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 602,028 shares of the company’s stock after purchasing an additional 177,414 shares during the quarter. Barclays PLC owned about 0.06% of Li Auto worth $15,442,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new position in Li Auto in the third quarter valued at about $39,000. Harel Insurance Investments & Financial Services Ltd. grew its holdings 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 valued at $28,000 after buying an additional 573 shares during the period. Venturi Wealth Management LLC acquired a new position in shares of Li Auto in the 3rd quarter valued at $50,000. Blue Trust Inc. raised its stake in Li Auto by 1,707.4% during the 2nd quarter. Blue Trust Inc. now owns 1,952 shares of the company’s stock worth $35,000 after buying an additional 1,844 shares during the period. Finally, BNP Paribas lifted its holdings 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 in the last quarter. 9.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LI has been the subject of several recent analyst reports. Bank of America increased their price target on Li Auto from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. JPMorgan Chase & Co. dropped their target price on Li Auto from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. Macquarie reaffirmed a “neutral” rating and set a $33.00 price target (up from $25.00) on shares of Li Auto in a research note on Friday, October 4th. Barclays boosted their price objective on shares of Li Auto from $22.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Finally, Citigroup raised their target price on shares of Li Auto from $25.50 to $29.60 and gave the company a “neutral” rating in a research report on Monday, September 30th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $33.94.

Li Auto Price Performance

NASDAQ:LI opened at $22.20 on Monday. The stock has a market capitalization of $23.55 billion, a PE ratio of 16.44, a P/E/G ratio of 2.18 and a beta of 0.94. Li Auto Inc. has a 1-year low of $17.44 and a 1-year high of $46.44. The firm has a fifty day simple moving average of $24.63 and a 200 day simple moving average of $21.89. The company has a current ratio of 1.76, a quick ratio of 1.64 and a debt-to-equity ratio of 0.13.

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.