Li Auto Inc. (NASDAQ:LI - Get Free Report) has received an average rating of "Moderate Buy" from the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $33.94.
A number of research firms have commented on LI. Citigroup upped their price target on Li Auto from $25.50 to $29.60 and gave the company a "neutral" rating in a research report on Monday, September 30th. Barclays upped their target price on Li Auto from $22.00 to $31.00 and gave the company an "equal weight" rating in a report on Monday, November 4th. Finally, Macquarie reiterated 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.
Get Our Latest Report on LI
Institutional Trading of Li Auto
A number of hedge funds have recently modified their holdings of LI. Aspex Management HK Ltd boosted its position in shares of Li Auto by 55.0% in the 3rd 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. Mirae Asset Global Investments Co. Ltd. raised its stake in Li Auto by 2,556.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,630,537 shares of the company's stock valued at $93,503,000 after buying an additional 3,493,881 shares during the last quarter. FMR LLC boosted its holdings in Li Auto by 422.4% in the third quarter. FMR LLC now owns 4,252,398 shares of the company's stock worth $109,074,000 after acquiring an additional 3,438,410 shares in the last quarter. Ariose Capital Management Ltd purchased a new stake in shares of Li Auto in the third quarter worth $18,099,000. Finally, Barclays PLC increased its holdings in shares of Li Auto by 41.8% during the third quarter. Barclays PLC now owns 602,028 shares of the company's stock valued at $15,442,000 after acquiring an additional 177,414 shares in the last quarter. Institutional investors own 9.88% of the company's stock.
Li Auto Trading Down 1.2 %
Shares of NASDAQ:LI traded down $0.28 during midday trading on Wednesday, hitting $23.99. 3,873,049 shares of the stock traded hands, compared to its average volume of 7,679,290. 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's 50 day moving average is $24.00 and its two-hundred day moving average is $22.24. The stock has a market capitalization of $25.45 billion, a PE ratio of 17.77, a P/E/G ratio of 2.13 and a beta of 0.94. Li Auto has a one year low of $17.44 and a one year high of $46.44.
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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