Li Auto (NASDAQ:LI) Shares Gap Up to $25.78

Li Auto Inc. (NASDAQ:LI - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $25.78, but opened at $27.79. Li Auto shares last traded at $27.47, with a volume of 3,100,497 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Bank of America upped 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. JPMorgan Chase & Co. lowered their price objective on Li Auto from $21.00 to $19.00 and set a "neutral" rating on the stock in a research report on Thursday, August 29th. Finally, Citigroup upped their price objective on Li Auto from $25.50 to $29.60 and gave the stock a "neutral" rating in a research report on Monday. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $33.66.

Li Auto Trading Down 0.5 %

The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.63 and a current ratio of 1.76. The firm has a market capitalization of $27.21 billion, a price-to-earnings ratio of 17.26 and a beta of 0.96. The company has a 50 day moving average price of $20.17 and a two-hundred day moving average price of $22.97.

Li Auto (NASDAQ:LI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $0.14 EPS for the quarter. Li Auto had a return on equity of 13.70% and a net margin of 7.65%. The firm had revenue of $4.36 billion during the quarter.

Institutional Trading of Li Auto

A number of hedge funds and other institutional investors have recently modified their holdings of LI. Scarborough Advisors LLC purchased a new position in shares of Li Auto during the 4th quarter worth $41,000. Harel Insurance Investments & Financial Services Ltd. grew its holdings 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 worth $28,000 after purchasing an additional 573 shares during the period. Blue Trust Inc. grew its holdings in shares of Li Auto by 1,707.4% during the 2nd quarter. Blue Trust Inc. now owns 1,952 shares of the company's stock worth $35,000 after purchasing an additional 1,844 shares during the period. Barometer Capital Management Inc. purchased a new position in shares of Li Auto during the 4th quarter worth $135,000. Finally, Ballentine Partners LLC grew 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 purchasing an additional 1,232 shares during the period. 9.88% of the stock is owned by institutional investors and hedge funds.

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.