Allspring Global Investments Holdings LLC Invests $39,000 in Li Auto Inc. (NASDAQ:LI)

Allspring Global Investments Holdings LLC acquired a new position in shares of Li Auto Inc. (NASDAQ:LI) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,532 shares of the company’s stock, valued at approximately $39,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. American Century Companies Inc. boosted its holdings in shares of Li Auto by 20.5% in the second quarter. American Century Companies Inc. now owns 726,684 shares of the company’s stock valued at $12,993,000 after acquiring an additional 123,838 shares during the period. DekaBank Deutsche Girozentrale boosted its holdings in shares of Li Auto by 510.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 76,450 shares of the company’s stock valued at $2,370,000 after acquiring an additional 63,917 shares during the period. Swedbank AB acquired a new stake in shares of Li Auto in the first quarter valued at approximately $2,003,000. Monolith Management Ltd acquired a new stake in shares of Li Auto in the first quarter valued at approximately $2,786,000. Finally, SG Americas Securities LLC boosted its holdings in shares of Li Auto by 7.0% in the first quarter. SG Americas Securities LLC now owns 10,427 shares of the company’s stock valued at $316,000 after acquiring an additional 685 shares during the period. 9.88% of the stock is owned by institutional investors and hedge funds.

Li Auto Stock Performance

Shares of LI stock opened at $25.54 on Wednesday. The company has a quick ratio of 1.64, a current ratio of 1.76 and a debt-to-equity ratio of 0.13. The business has a 50 day moving average of $23.98 and a two-hundred day moving average of $22.23. Li Auto Inc. has a 52 week low of $17.44 and a 52 week high of $46.44. The company has a market cap of $27.10 billion, a P/E ratio of 18.92, a PEG ratio of 2.40 and a beta of 0.99.

Li Auto (NASDAQ:LI) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $0.14 earnings per share (EPS) for the quarter. The business had revenue of $4.36 billion during the quarter. Li Auto had a return on equity of 13.03% and a net margin of 7.20%. As a group, analysts anticipate that Li Auto Inc. will post 1.04 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on LI. JPMorgan Chase & Co. cut their price target on Li Auto from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. Barclays increased their price objective on Li Auto from $22.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Monday. Macquarie reissued a “neutral” rating and issued a $33.00 target price (up previously from $25.00) on shares of Li Auto in a report on Friday, October 4th. Citigroup upped their target price on Li Auto from $25.50 to $29.60 and gave the company a “neutral” rating in a report on Monday, September 30th. Finally, Bank of America upped their target price on Li Auto from $30.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently 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.