National Bank of Canada FI Trims Stake in Li Auto Inc. (NASDAQ:LI)

National Bank of Canada FI decreased its position in shares of Li Auto Inc. (NASDAQ:LI) by 51.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,138 shares of the company’s stock after selling 1,207 shares during the period. National Bank of Canada FI’s holdings in Li Auto were worth $29,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LI. Quantinno Capital Management LP purchased a new stake in shares of Li Auto during the third quarter worth approximately $343,000. HITE Hedge Asset Management LLC lifted its stake in shares of Li Auto by 64.8% in the 3rd quarter. HITE Hedge Asset Management LLC now owns 44,059 shares of the company’s stock worth $1,130,000 after acquiring an additional 17,331 shares during the period. HighVista Strategies LLC acquired a new position in shares of Li Auto during the third quarter worth about $562,000. Aspex Management HK Ltd raised its holdings in Li Auto by 55.0% during the third quarter. Aspex Management HK Ltd now owns 10,643,926 shares of the company’s stock worth $273,017,000 after purchasing an additional 3,778,463 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in Li Auto in the third quarter valued at about $263,000. Hedge funds and other institutional investors own 9.88% of the company’s stock.

Analyst Ratings Changes

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

Li Auto Stock Up 1.6 %

Shares of NASDAQ LI opened at $22.76 on Thursday. The firm’s 50-day moving average is $24.24 and its two-hundred day moving average is $21.92. The company has a market capitalization of $24.15 billion, a PE ratio of 16.86, a price-to-earnings-growth ratio of 2.18 and a beta of 0.94. Li Auto Inc. has a 12-month low of $17.44 and a 12-month high of $46.44. 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 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.