Investors Purchase High Volume of Call Options on Li Auto (NASDAQ:LI)

Li Auto Inc. (NASDAQ:LI - Get Free Report) saw unusually large options trading activity on Tuesday. Stock traders purchased 22,577 call options on the company. This is an increase of approximately 41% compared to the average volume of 16,038 call options.

Li Auto Stock Performance

Li Auto stock traded up $0.98 during mid-day trading on Friday, reaching $23.23. 9,284,358 shares of the company's stock were exchanged, compared to its average volume of 7,278,004. The business's fifty day simple moving average is $26.18 and its 200 day simple moving average is $25.00. The company has a quick ratio of 1.64, a current ratio of 1.76 and a debt-to-equity ratio of 0.13. Li Auto has a one year low of $17.44 and a one year high of $33.12. The firm has a market capitalization of $24.32 billion, a PE ratio of 17.21, a P/E/G ratio of 3.27 and a beta of 0.94.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. HSBC set a $38.50 target price on Li Auto and gave the stock a "buy" rating in a research report on Thursday, March 6th. JPMorgan Chase & Co. raised shares of Li Auto from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $22.00 to $40.00 in a research report on Friday, February 28th. Cfra Research raised shares of Li Auto to a "strong sell" rating in a research report on Friday, March 21st. Nomura Securities raised Li Auto to a "hold" rating in a report on Monday, March 17th. Finally, Macquarie lowered Li Auto from an "outperform" rating to a "neutral" rating and set a $27.00 target price on the stock. in a report on Monday, March 17th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Li Auto has an average rating of "Hold" and a consensus target price of $35.73.

Institutional Investors Weigh In On Li Auto

A number of hedge funds have recently made changes to their positions in LI. Myriad Asset Management US LP purchased a new stake in Li Auto during the first quarter worth about $9,913,000. Public Employees Retirement System of Ohio increased its stake in shares of Li Auto by 66.3% during the 4th quarter. Public Employees Retirement System of Ohio now owns 58,525 shares of the company's stock worth $1,404,000 after purchasing an additional 23,339 shares during the last quarter. Vident Advisory LLC raised its holdings in shares of Li Auto by 11.2% in the 4th quarter. Vident Advisory LLC now owns 19,914 shares of the company's stock worth $478,000 after purchasing an additional 1,998 shares during the period. Tairen Capital Ltd purchased a new position in Li Auto in the fourth quarter valued at approximately $8,435,000. Finally, Point72 Hong Kong Ltd grew its holdings in Li Auto by 1,976.3% during the fourth quarter. Point72 Hong Kong Ltd now owns 212,673 shares of the company's stock valued at $5,102,000 after purchasing an additional 202,430 shares during the period. 9.88% of the stock is currently owned by institutional investors.

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.