Li Auto Inc. (NASDAQ:LI - Get Free Report)'s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $22.88, but opened at $24.10. Li Auto shares last traded at $24.50, with a volume of 1,797,626 shares traded.
Wall Street Analysts Forecast Growth
Separately, Barclays upped their price target on shares of Li Auto from $22.00 to $31.00 and gave the company an "equal weight" rating in a research report on Monday, November 4th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Li Auto has a consensus rating of "Hold" and a consensus target price of $33.94.
Get Our Latest Stock Analysis on Li Auto
Li Auto Trading Up 6.0 %
The stock has a market cap of $25.73 billion, a P/E ratio of 17.96, a price-to-earnings-growth ratio of 1.31 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. The firm's fifty day simple moving average is $23.22 and its 200-day simple moving average is $22.84.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Aspex Management HK Ltd raised its holdings in shares of Li Auto by 55.0% during the third quarter. Aspex Management HK Ltd now owns 10,643,926 shares of the company's stock valued at $273,017,000 after purchasing an additional 3,778,463 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in Li Auto by 2,556.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,630,537 shares of the company's stock valued at $93,503,000 after purchasing an additional 3,493,881 shares in the last quarter. FMR LLC raised its holdings in Li Auto by 422.4% during the third quarter. FMR LLC now owns 4,252,398 shares of the company's stock worth $109,074,000 after buying an additional 3,438,410 shares during the last quarter. Ariose Capital Management Ltd bought a new position in shares of Li Auto in the third quarter valued at $18,099,000. Finally, RWC Asset Advisors US LLC grew its holdings in shares of Li Auto by 20.0% during the fourth quarter. RWC Asset Advisors US LLC now owns 3,181,050 shares of the company's stock valued at $76,313,000 after buying an additional 530,390 shares during the last quarter. 9.88% of the stock is owned by institutional investors.
About Li Auto
(
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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