Li Auto Inc. (NASDAQ:LI) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of Li Auto Inc. (NASDAQ:LI - Get Free Report) have been given a consensus rating of "Moderate Buy" by the eight ratings firms that are currently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $32.66.

A number of research analysts recently issued reports on the stock. Bank of America boosted their target price on shares of Li Auto from $30.00 to $31.00 and gave the company a "buy" rating in a research report on Thursday, August 29th. Citigroup upped their target price on Li Auto from $25.50 to $29.60 and gave the stock a "neutral" rating in a research note on Monday, September 30th. Macquarie reiterated a "neutral" rating and set a $33.00 price target (up from $25.00) on shares of Li Auto in a research report on Friday, October 4th. Finally, JPMorgan Chase & Co. decreased their price target on Li Auto from $21.00 to $19.00 and set a "neutral" rating for the company in a report on Thursday, August 29th.

Li Auto Stock Up 6.3 %

Shares of LI traded up $1.50 during mid-day trading on Friday, hitting $25.25. 6,575,054 shares of the company traded hands, compared to its average volume of 8,079,096. The company has a market capitalization of $26.79 billion, a PE ratio of 16.83, a price-to-earnings-growth ratio of 2.54 and a beta of 0.98. The company has a quick ratio of 1.63, a current ratio of 1.76 and a debt-to-equity ratio of 0.14. The business has a 50 day moving average of $22.53 and a 200 day moving average of $22.58. Li Auto has a 1-year low of $17.44 and a 1-year high of $46.44.

Li Auto (NASDAQ:LI - Get Free Report) last released its earnings results on Wednesday, August 28th. The company reported $0.14 earnings per share (EPS) for the quarter. The firm 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%. Equities research analysts anticipate that Li Auto will post 1.04 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Li Auto by 58.7% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,549 shares of the company's stock valued at $28,000 after acquiring an additional 573 shares during the last quarter. Blue Trust Inc. boosted its holdings in Li Auto by 1,707.4% in the 2nd quarter. Blue Trust Inc. now owns 1,952 shares of the company's stock valued at $35,000 after purchasing an additional 1,844 shares during the last quarter. JTC Employer Solutions Trustee Ltd purchased a new stake in shares of Li Auto in the 3rd quarter valued at approximately $195,000. QRG Capital Management Inc. grew its stake in shares of Li Auto by 58.5% in the 2nd quarter. QRG Capital Management Inc. now owns 11,731 shares of the company's stock valued at $210,000 after buying an additional 4,331 shares during the period. Finally, Ballentine Partners LLC increased its holdings in shares of Li Auto by 20.6% during the 1st quarter. Ballentine Partners LLC now owns 7,199 shares of the company's stock worth $218,000 after buying an additional 1,232 shares during the last quarter. 9.88% of the stock is owned by hedge funds and other institutional investors.

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.