Li Auto (NASDAQ:LI) Stock Price Up 6.1% - What's Next?

Shares of Li Auto Inc. (NASDAQ:LI - Get Free Report) were up 6.1% during trading on Tuesday . The stock traded as high as $26.80 and last traded at $26.79. Approximately 1,750,488 shares traded hands during trading, a decline of 78% from the average daily volume of 8,029,774 shares. The stock had previously closed at $25.26.

Analyst Ratings Changes

Several analysts recently commented on LI shares. Macquarie reissued a "neutral" rating and set a $33.00 target price (up from $25.00) on shares of Li Auto in a research note on Friday, October 4th. Bank of America upped their price target 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. JPMorgan Chase & Co. reduced their price target on shares of Li Auto from $21.00 to $19.00 and set a "neutral" rating for the company in a research report on Thursday, August 29th. Finally, Citigroup upped their price target on shares of Li Auto from $25.50 to $29.60 and gave the company a "neutral" rating in a research report on Monday, September 30th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $32.66.

Li Auto Trading Up 3.3 %

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 company has a market cap of $27.68 billion, a PE ratio of 17.39, a P/E/G ratio of 2.54 and a beta of 0.98. The business's 50-day simple moving average is $22.78 and its 200-day simple moving average is $22.40.

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. Li Auto had a net margin of 7.65% and a return on equity of 13.70%. The company had revenue of $4.36 billion during the quarter. As a group, analysts expect that Li Auto Inc. will post 1.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of LI. Harel Insurance Investments & Financial Services Ltd. grew its stake in Li Auto by 58.7% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,549 shares of the company's stock valued at $28,000 after buying an additional 573 shares during the last quarter. Blue Trust Inc. grew its stake 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 buying an additional 1,844 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Li Auto in the 3rd quarter valued at $39,000. JTC Employer Solutions Trustee Ltd acquired a new position in Li Auto in the 3rd quarter valued at $195,000. Finally, QRG Capital Management Inc. grew its stake in 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 last quarter. Institutional investors own 9.88% of the company's stock.

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.