Li Auto Inc. (NASDAQ:LI - Get Free Report) has earned a consensus rating of "Hold" from the nine ratings firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $35.73.
LI has been the topic of several analyst reports. Cfra Research raised Li Auto to a "strong sell" rating in a research report on Friday, March 21st. JPMorgan Chase & Co. upgraded shares of Li Auto from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $22.00 to $40.00 in a research report on Friday, February 28th. Macquarie cut Li Auto from an "outperform" rating to a "neutral" rating and set a $27.00 target price on the stock. in a research report on Monday, March 17th. Nomura Securities raised Li Auto to a "hold" rating in a report on Monday, March 17th. Finally, HSBC set a $38.50 target price on shares of Li Auto and gave the company a "buy" rating in a research report on Thursday, March 6th.
View Our Latest Analysis on Li Auto
Li Auto Stock Performance
LI stock traded down $0.80 during trading on Friday, hitting $22.64. 720,178 shares of the company's stock traded hands, compared to its average volume of 7,239,964. Li Auto has a 52 week low of $17.44 and a 52 week high of $33.12. The stock has a fifty day moving average price of $26.16 and a two-hundred day moving average price of $24.97. 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 stock has a market capitalization of $23.70 billion, a price-to-earnings ratio of 16.77, a price-to-earnings-growth ratio of 3.27 and a beta of 0.94.
Institutional Investors Weigh In On Li Auto
A number of large investors have recently added to or reduced their stakes in the stock. LMR Partners LLP acquired a new stake in Li Auto in the 4th quarter valued at approximately $16,266,000. OLD Mission Capital LLC bought a new stake in Li Auto in the fourth quarter valued at about $14,704,000. RWC Asset Advisors US LLC lifted its stake in Li Auto by 20.0% during the fourth quarter. RWC Asset Advisors US LLC now owns 3,181,050 shares of the company's stock worth $76,313,000 after purchasing an additional 530,390 shares during the period. Myriad Asset Management US LP bought a new stake in shares of Li Auto in the 1st quarter valued at approximately $9,913,000. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Li Auto in the 4th quarter worth approximately $8,923,000. Institutional investors own 9.88% of the company's stock.
About Li Auto
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Get Free ReportLi 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.
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