Li Auto Inc. (NASDAQ:LI - Get Free Report)'s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $25.63, but opened at $26.76. Li Auto shares last traded at $26.49, with a volume of 1,533,549 shares trading hands.
Analyst Ratings Changes
LI has been the subject of a number of recent research reports. Macquarie raised Li Auto from a "neutral" rating to an "outperform" rating in a research note on Thursday, February 6th. Barclays lifted their price target on Li Auto from $22.00 to $31.00 and gave the stock an "equal weight" rating in a research note on Monday, November 4th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $32.77.
Read Our Latest Analysis on LI
Li Auto Stock Up 4.1 %
The company has a 50 day moving average of $24.00 and a 200-day moving average of $23.43. The company has a market capitalization of $29.14 billion, a P/E ratio of 20.34, a PEG ratio of 3.27 and a beta of 0.92. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.76 and a quick ratio of 1.64.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the stock. Aspex Management HK Ltd boosted its holdings in shares of Li Auto by 55.0% during the 3rd quarter. Aspex Management HK Ltd now owns 10,643,926 shares of the company's stock valued at $273,017,000 after buying an additional 3,778,463 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Li Auto by 1.3% in the fourth quarter. Renaissance Technologies LLC now owns 7,800,639 shares of the company's stock worth $187,137,000 after acquiring an additional 99,539 shares during the period. FMR LLC lifted 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 valued at $109,074,000 after acquiring an additional 3,438,410 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in Li Auto by 2,556.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,630,537 shares of the company's stock worth $93,503,000 after purchasing an additional 3,493,881 shares during the last quarter. Finally, Brilliance Asset Management Ltd. grew its stake in shares of Li Auto by 0.7% during the 4th quarter. Brilliance Asset Management Ltd. now owns 3,508,642 shares of the company's stock valued at $84,172,000 after purchasing an additional 24,416 shares during the period. 9.88% of the stock is currently owned by institutional investors.
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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