Shares of Li Auto Inc. (NASDAQ:LI - Get Free Report) 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 changing hands.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on LI shares. Macquarie upgraded shares of Li Auto from a "neutral" rating to an "outperform" rating in a research note on Thursday, February 6th. Barclays upped their price target on shares of 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 equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.77.
Read Our Latest Research Report on Li Auto
Li Auto Stock Up 4.1 %
The company has a fifty day moving average of $24.00 and a two-hundred day moving average of $23.46. The company has a market cap of $29.14 billion, a PE ratio of 20.34, a price-to-earnings-growth ratio of 3.27 and a beta of 0.92. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.64 and a current ratio of 1.76.
Institutional Trading of Li Auto
Hedge funds and other institutional investors have recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. increased its stake 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 period. Connor Clark & Lunn Investment Management Ltd. increased its stake in Li Auto by 27.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 432,988 shares of the company's stock worth $11,106,000 after purchasing an additional 93,904 shares during the period. Atomi Financial Group Inc. purchased a new stake in Li Auto in the fourth quarter worth $271,000. Barclays PLC increased its stake 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 buying an additional 177,414 shares during the period. Finally, Ping Capital Management Inc. increased its stake in shares of Li Auto by 161.9% during the fourth quarter. Ping Capital Management Inc. now owns 27,500 shares of the company's stock valued at $660,000 after buying an additional 17,000 shares during the period. Hedge funds and other institutional investors own 9.88% of the company's stock.
About Li Auto
(
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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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