Li Auto Inc. (NASDAQ:LI) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Li Auto Inc. (NASDAQ:LI) have earned an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $33.94.

LI has been the subject of several analyst reports. Citigroup increased their target price on shares of Li Auto from $25.50 to $29.60 and gave the stock a “neutral” rating in a report on Monday, September 30th. JPMorgan Chase & Co. decreased their price objective on shares of Li Auto from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. Bank of America upped their target price on shares of Li Auto from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Barclays raised their price target on Li Auto from $22.00 to $31.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Finally, Macquarie reiterated a “neutral” rating and set a $33.00 target price (up previously from $25.00) on shares of Li Auto in a research report on Friday, October 4th.

Li Auto Stock Performance

Shares of LI opened at $22.20 on Friday. The business has a 50-day simple moving average of $24.63 and a two-hundred day simple moving average of $21.87. The company has a quick ratio of 1.64, a current ratio of 1.76 and a debt-to-equity ratio of 0.13. Li Auto has a 52 week low of $17.44 and a 52 week high of $46.44. The stock has a market cap of $23.55 billion, a price-to-earnings ratio of 16.44, a PEG ratio of 2.18 and a beta of 0.94.

Hedge Funds Weigh In On Li Auto

Several institutional investors have recently added to or reduced their stakes in LI. Aspex Management HK Ltd boosted its position in shares of Li Auto by 55.0% during the 3rd quarter. Aspex Management HK Ltd now owns 10,643,926 shares of the company’s stock valued at $273,017,000 after acquiring an additional 3,778,463 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Li Auto by 2,556.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,630,537 shares of the company’s stock worth $93,503,000 after buying an additional 3,493,881 shares in the last quarter. FMR LLC increased its holdings in shares of Li Auto by 422.4% in the 3rd quarter. FMR LLC now owns 4,252,398 shares of the company’s stock worth $109,074,000 after buying an additional 3,438,410 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of Li Auto during the 2nd quarter valued at about $21,626,000. Finally, Ariose Capital Management Ltd bought a new position in shares of Li Auto in the 3rd quarter valued at about $18,099,000. Hedge funds and other institutional investors own 9.88% of the company’s stock.

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.