Li Auto (NASDAQ:LI) Price Target Increased to $25.50 by Analysts at Citigroup

Li Auto (NASDAQ:LI - Get Free Report) had its price target lifted by research analysts at Citigroup from $21.60 to $25.50 in a report issued on Tuesday, Benzinga reports. The brokerage presently has a "neutral" rating on the stock. Citigroup's price target indicates a potential upside of 3.16% from the stock's previous close.

Several other equities analysts also recently weighed in on LI. JPMorgan Chase & Co. decreased their price target on shares of Li Auto from $21.00 to $19.00 and set a "neutral" rating on the stock in a research note on Thursday, August 29th. Bank of America lifted their price objective on Li Auto from $30.00 to $31.00 and gave the stock a "buy" rating in a research report on Thursday, August 29th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $33.07.

Li Auto Stock Performance

LI stock traded up $2.52 during midday trading on Tuesday, hitting $24.72. 13,755,410 shares of the stock traded hands, compared to its average volume of 7,747,231. The stock's fifty day simple moving average is $19.80 and its 200-day simple moving average is $23.33. The firm has a market cap of $26.23 billion, a P/E ratio of 16.50, a PEG ratio of 1.78 and a beta of 0.96. Li Auto has a 1-year low of $17.44 and a 1-year high of $46.44. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.76 and a quick ratio of 1.63.

Li Auto (NASDAQ:LI - Get Free Report) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $0.14 EPS for the quarter. The company had revenue of $4.36 billion for the quarter. Li Auto had a return on equity of 13.70% and a net margin of 7.65%. On average, analysts expect that Li Auto will post 1.04 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Li Auto during the 2nd quarter worth about $21,626,000. SIH Partners LLLP lifted its position in shares of Li Auto by 508.2% during the 1st quarter. SIH Partners LLLP now owns 890,900 shares of the company's stock worth $26,976,000 after buying an additional 744,419 shares during the last quarter. Franchise Capital Ltd boosted its holdings in shares of Li Auto by 163.2% in the 4th quarter. Franchise Capital Ltd now owns 975,250 shares of the company's stock valued at $36,504,000 after buying an additional 604,773 shares in the last quarter. FIFTHDELTA Ltd purchased a new position in shares of Li Auto in the 1st quarter valued at $14,816,000. Finally, OLD Mission Capital LLC acquired a new stake in Li Auto during the 4th quarter worth $17,696,000. Hedge funds and other institutional investors own 9.88% of the company's stock.

About Li Auto

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.