Li Auto (NASDAQ:LI) Shares Up 5.9% - Should You Buy?

Shares of Li Auto Inc. (NASDAQ:LI - Get Free Report) shot up 5.9% on Tuesday . The stock traded as high as $29.79 and last traded at $29.18. Approximately 1,732,043 shares traded hands during trading, a decline of 76% from the average session volume of 7,190,319 shares. The stock had previously closed at $27.56.

Analyst Ratings Changes

LI has been the topic of a number of recent analyst reports. Macquarie raised shares of Li Auto from a "neutral" rating to an "outperform" rating in a report on Thursday, February 6th. HSBC set a $38.50 target price on shares of Li Auto and gave the stock a "buy" rating in a research report on Thursday. Finally, JPMorgan Chase & Co. raised shares of Li Auto from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $22.00 to $40.00 in a research note on Friday, February 28th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $36.59.

Li Auto Stock Up 6.4 %

The company has a debt-to-equity ratio of 0.13, a current ratio of 1.76 and a quick ratio of 1.64. The stock has a 50 day simple moving average of $25.16 and a 200-day simple moving average of $24.16. The firm has a market cap of $31.10 billion, a PE ratio of 21.72, a PEG ratio of 3.27 and a beta of 0.86.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Venturi Wealth Management LLC purchased a new stake in shares of Li Auto during the third quarter valued at $50,000. BNP Paribas lifted its holdings in shares of Li Auto by 300.0% during the 3rd quarter. BNP Paribas now owns 2,000 shares of the company's stock valued at $51,000 after buying an additional 1,500 shares during the period. Avior Wealth Management LLC boosted its stake in shares of Li Auto by 708.5% in the 3rd quarter. Avior Wealth Management LLC now owns 2,385 shares of the company's stock worth $61,000 after buying an additional 2,090 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Li Auto by 16.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the company's stock worth $84,000 after acquiring an additional 500 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new position in Li Auto in the fourth quarter valued at about $129,000. Institutional investors own 9.88% of the company's stock.

Li Auto Company Profile

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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