Investors Buy High Volume of Li Auto Put Options (NASDAQ:LI)

Li Auto Inc. (NASDAQ:LI - Get Free Report) was the recipient of some unusual options trading activity on Thursday. Traders bought 21,298 put options on the stock. This represents an increase of approximately 30% compared to the typical daily volume of 16,347 put options.

Institutional Investors Weigh In On Li Auto

A number of institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC bought a new stake in Li Auto in the third quarter valued at about $39,000. Venturi Wealth Management LLC bought a new stake in Li Auto during the third quarter valued at $50,000. BNP Paribas increased its stake in Li Auto by 300.0% during the third quarter. BNP Paribas now owns 2,000 shares of the company's stock valued at $51,000 after purchasing an additional 1,500 shares during the last quarter. Avior Wealth Management LLC raised its holdings in shares of Li Auto by 708.5% during the third quarter. Avior Wealth Management LLC now owns 2,385 shares of the company's stock worth $61,000 after purchasing an additional 2,090 shares during the period. Finally, Blue Trust Inc. lifted its position in shares of Li Auto by 55.9% in the 3rd quarter. Blue Trust Inc. now owns 3,043 shares of the company's stock worth $78,000 after buying an additional 1,091 shares during the last quarter. Institutional investors and hedge funds own 9.88% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on LI shares. Macquarie raised shares of Li Auto from a "neutral" rating to an "outperform" rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. upgraded Li Auto from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $22.00 to $40.00 in a research note on Friday. Finally, Barclays increased their target price on Li Auto from $22.00 to $31.00 and gave the company an "equal weight" rating in a research note on Monday, November 4th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $36.27.

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Li Auto Stock Down 10.9 %

NASDAQ LI traded down $3.36 during mid-day trading on Monday, reaching $27.37. 10,923,413 shares of the company's stock traded hands, compared to its average volume of 7,215,951. The company has a current ratio of 1.76, a quick ratio of 1.64 and a debt-to-equity ratio of 0.13. Li Auto has a 1-year low of $17.44 and a 1-year high of $40.70. The company has a fifty day simple moving average of $24.76 and a 200-day simple moving average of $23.85. The company has a market cap of $29.04 billion, a price-to-earnings ratio of 20.27, a P/E/G ratio of 3.27 and a beta of 0.92.

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.