Li Auto Inc. (NASDAQ:LI - Get Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $27.35, but opened at $28.50. Li Auto shares last traded at $27.44, with a volume of 1,868,311 shares changing hands.
Wall Street Analyst Weigh In
Several research firms have commented on LI. JPMorgan Chase & Co. raised shares of Li Auto from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $22.00 to $40.00 in a research note on Friday, February 28th. Nomura Securities upgraded Li Auto to a "hold" rating in a research note on Monday, March 17th. HSBC set a $38.50 price target on Li Auto and gave the company a "buy" rating in a report on Thursday, March 6th. Finally, Macquarie lowered shares of Li Auto from an "outperform" rating to a "neutral" rating and set a $27.00 price objective on the stock. in a report on Monday, March 17th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Li Auto currently has an average rating of "Moderate Buy" and a consensus target price of $35.73.
Read Our Latest Report on Li Auto
Li Auto Stock Performance
The stock's 50-day moving average is $25.91 and its 200-day moving average is $24.63. The company has a current ratio of 1.76, a quick ratio of 1.64 and a debt-to-equity ratio of 0.13. The stock has a market cap of $28.01 billion, a price-to-earnings ratio of 19.56, a P/E/G ratio of 3.27 and a beta of 0.86.
Hedge Funds Weigh In On Li Auto
Hedge funds have recently made changes to their positions in the business. BNP Paribas raised its position in 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 purchasing an additional 1,500 shares during the period. Avior Wealth Management LLC raised its holdings in shares of Li Auto by 708.5% during the 3rd quarter. Avior Wealth Management LLC now owns 2,385 shares of the company's stock valued at $61,000 after buying an additional 2,090 shares during the period. Daiwa Securities Group Inc. lifted its position in Li Auto by 16.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the company's stock worth $84,000 after acquiring an additional 500 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Li Auto during the 4th quarter worth approximately $129,000. Finally, Blue Trust Inc. grew its position in Li Auto by 66.2% in the fourth quarter. Blue Trust Inc. now owns 5,058 shares of the company's stock valued at $130,000 after acquiring an additional 2,015 shares in the last quarter. Hedge funds and other institutional investors own 9.88% of the company's stock.
Li Auto Company Profile
(
Get Free Report)
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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