Point72 Hong Kong Ltd Invests $263,000 in Li Auto Inc. (NASDAQ:LI)

Point72 Hong Kong Ltd acquired a new stake in Li Auto Inc. (NASDAQ:LI) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 10,243 shares of the company’s stock, valued at approximately $263,000.

Other hedge funds have also recently bought and sold shares of the company. Point72 Europe London LLP purchased a new position in shares of Li Auto during the third quarter worth about $1,390,000. Flow Traders U.S. LLC acquired a new stake in Li Auto in the third quarter valued at about $262,000. BNP Paribas boosted its stake in shares of 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 in the last quarter. FMR LLC grew its stake in shares of Li Auto by 422.4% during the 3rd quarter. FMR LLC now owns 4,252,398 shares of the company’s stock worth $109,074,000 after purchasing an additional 3,438,410 shares during the period. Finally, Advisors Asset Management Inc. increased its holdings in Li Auto by 44.1% in the third quarter. Advisors Asset Management Inc. now owns 18,495 shares of the company’s stock valued at $474,000 after buying an additional 5,660 shares in the last quarter. Institutional investors and hedge funds own 9.88% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on LI shares. Citigroup lifted their target price on shares of Li Auto from $25.50 to $29.60 and gave the stock a “neutral” rating in a research report on Monday, September 30th. Bank of America boosted their target price on Li Auto from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Barclays upped their price target on Li Auto from $22.00 to $31.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Macquarie reissued a “neutral” rating and issued a $33.00 price target (up previously from $25.00) on shares of Li Auto in a report on Friday, October 4th. Finally, JPMorgan Chase & Co. lowered their price objective on Li Auto from $21.00 to $19.00 and set a “neutral” rating for the company 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 company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $33.94.

Li Auto Price Performance

Shares of NASDAQ:LI opened at $22.80 on Tuesday. The business has a 50-day moving average of $25.36 and a two-hundred day moving average of $21.80. Li Auto Inc. has a fifty-two week low of $17.44 and a fifty-two week 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. The stock has a market capitalization of $24.19 billion, a P/E ratio of 16.89, a P/E/G ratio of 2.27 and a beta of 0.99.

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.