Shares of Li Auto Inc. (NASDAQ:LI - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $22.59, but opened at $23.62. Li Auto shares last traded at $23.41, with a volume of 1,246,497 shares trading hands.
Analyst Ratings Changes
A number of research analysts have issued reports on LI shares. Barclays boosted their target price on Li Auto from $22.00 to $31.00 and gave the company an "equal weight" rating in a research note on Monday, November 4th. Citigroup increased their target price on Li Auto from $25.50 to $29.60 and gave the stock a "neutral" rating in a research note on Monday, September 30th. 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. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $33.94.
Check Out Our Latest Report on LI
Li Auto Stock Performance
The stock has a market capitalization of $24.18 billion, a price-to-earnings ratio of 16.88, a P/E/G ratio of 1.33 and a beta of 0.93. The company's fifty day simple moving average is $23.11 and its 200 day simple moving average is $22.67. The company has a quick ratio of 1.64, a current ratio of 1.76 and a debt-to-equity ratio of 0.13.
Institutional Investors Weigh In On Li Auto
Institutional investors have recently modified their holdings of the business. Pacer Advisors Inc. bought a new stake in shares of Li Auto in the second quarter valued at approximately $1,747,000. Bank of Montreal Can bought a new stake in shares of Li Auto during the 2nd quarter valued at $2,041,000. HITE Hedge Asset Management LLC bought a new stake in shares of Li Auto during the 2nd quarter valued at $478,000. Susquehanna International Securities Ltd. acquired a new stake in shares of Li Auto during the 2nd quarter worth $257,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Li Auto by 1,059.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 25,028 shares of the company's stock worth $447,000 after purchasing an additional 22,869 shares during the period. 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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