Li Auto Inc. (NASDAQ:LI - Get Free Report) shot up 9.8% during mid-day trading on Wednesday . The stock traded as high as $32.66 and last traded at $32.75. 5,414,822 shares changed hands during trading, an increase of 2% from the average session volume of 5,332,059 shares. The stock had previously closed at $29.84.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on LI. 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. JPMorgan Chase & Co. upgraded shares of Li Auto from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $22.00 to $40.00 in a report on Friday. Finally, Macquarie upgraded shares of Li Auto from a "neutral" rating to an "outperform" rating in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Li Auto currently has an average rating of "Moderate Buy" and a consensus price target of $36.27.
Read Our Latest Report on Li Auto
Li Auto Stock Down 3.7 %
The company has a quick ratio of 1.64, a current ratio of 1.76 and a debt-to-equity ratio of 0.13. The company's fifty day simple moving average is $24.76 and its 200 day simple moving average is $23.81. The firm has a market capitalization of $32.60 billion, a PE ratio of 22.76, a price-to-earnings-growth ratio of 3.27 and a beta of 0.92.
Institutional Trading of Li Auto
Several institutional investors and hedge funds have recently bought and sold shares of LI. Aspex Management HK Ltd lifted its holdings in Li Auto by 55.0% in the third quarter. Aspex Management HK Ltd now owns 10,643,926 shares of the company's stock worth $273,017,000 after buying an additional 3,778,463 shares during the period. FMR LLC increased its stake in shares of Li Auto by 422.4% during the third quarter. FMR LLC now owns 4,252,398 shares of the company's stock valued at $109,074,000 after purchasing an additional 3,438,410 shares in the last quarter. LMR Partners LLP bought a new position in shares of Li Auto during the fourth quarter valued at approximately $16,266,000. OLD Mission Capital LLC bought a new position in shares of Li Auto during the fourth quarter valued at approximately $14,704,000. Finally, RWC Asset Advisors US LLC increased its stake 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 purchasing an additional 530,390 shares in the last quarter. 9.88% of the stock is currently owned by hedge funds and other 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.
Recommended Stories
Before you consider Li Auto, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Li Auto wasn't on the list.
While Li Auto currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
