Li Auto (NASDAQ:LI) Trading Up 4.1% Following Analyst Upgrade

Li Auto Inc. (NASDAQ:LI - Get Free Report) shares traded up 4.1% during mid-day trading on Tuesday after Citigroup raised their price target on the stock from $25.50 to $29.60. Citigroup currently has a neutral rating on the stock. Li Auto traded as high as $26.85 and last traded at $26.71. 1,112,015 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 7,851,885 shares. The stock had previously closed at $25.65.

A number of other equities research analysts also recently issued reports on the company. Bank of America boosted their price target on Li Auto from $30.00 to $31.00 and gave the company a "buy" rating in a research note on Thursday, August 29th. JPMorgan Chase & Co. cut their price objective on Li Auto from $21.00 to $19.00 and set a "neutral" rating for the company in a research note on Thursday, August 29th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.66.

Hedge Funds Weigh In On Li Auto

Hedge funds have recently bought and sold shares of the business. Scarborough Advisors LLC bought a new position in shares of Li Auto during the 4th quarter worth $41,000. Harel Insurance Investments & Financial Services Ltd. grew 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 worth $28,000 after buying an additional 573 shares in the last quarter. Blue Trust Inc. grew its position 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 buying an additional 1,844 shares in the last quarter. Barometer Capital Management Inc. bought a new position in shares of Li Auto during the 4th quarter worth $135,000. Finally, Ballentine Partners LLC grew its position 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 in the last quarter. Institutional investors own 9.88% of the company's stock.

Li Auto Stock Up 11.5 %

The company has a current ratio of 1.76, a quick ratio of 1.63 and a debt-to-equity ratio of 0.14. The business has a 50-day moving average price of $20.27 and a 200-day moving average price of $22.89. The firm has a market cap of $30.34 billion, a P/E ratio of 18.15 and a beta of 0.96.

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

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.