Shares of Li Auto Inc. (NASDAQ:LI - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $27.56, but opened at $28.25. Li Auto shares last traded at $28.89, with a volume of 724,439 shares trading hands.
Analyst Ratings Changes
Several research analysts have recently commented on LI shares. JPMorgan Chase & Co. upgraded Li Auto from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $22.00 to $40.00 in a report on Friday, February 28th. Macquarie upgraded Li Auto from a "neutral" rating to an "outperform" rating in a report on Thursday, February 6th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $36.27.
Get Our Latest Stock Report on LI
Li Auto Stock Up 5.3 %
The business has a 50-day moving average of $25.09 and a 200-day moving average of $24.09. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.64 and a current ratio of 1.76. The stock has a market capitalization of $30.79 billion, a price-to-earnings ratio of 21.50, a P/E/G ratio of 3.27 and a beta of 0.86.
Institutional Trading of Li Auto
A number of hedge funds and other institutional investors have recently modified their holdings of LI. Aspex Management HK Ltd grew its position in Li Auto by 55.0% in the 3rd quarter. Aspex Management HK Ltd now owns 10,643,926 shares of the company's stock valued at $273,017,000 after acquiring an additional 3,778,463 shares in the last quarter. Renaissance Technologies LLC grew its position in Li Auto by 1.3% in the 4th quarter. Renaissance Technologies LLC now owns 7,800,639 shares of the company's stock valued at $187,137,000 after acquiring an additional 99,539 shares in the last quarter. FMR LLC grew its position in Li Auto by 422.4% in the 3rd quarter. FMR LLC now owns 4,252,398 shares of the company's stock valued at $109,074,000 after acquiring an additional 3,438,410 shares in the last quarter. Brilliance Asset Management Ltd. grew its position in Li Auto by 0.7% in the 4th quarter. Brilliance Asset Management Ltd. now owns 3,508,642 shares of the company's stock valued at $84,172,000 after acquiring an additional 24,416 shares in the last quarter. Finally, RWC Asset Advisors US LLC grew its position in Li Auto by 20.0% in the 4th quarter. RWC Asset Advisors US LLC now owns 3,181,050 shares of the company's stock valued at $76,313,000 after acquiring an additional 530,390 shares in the last quarter. 9.88% of the stock is owned by institutional investors and hedge funds.
Li Auto Company Profile
(
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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.
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