Li Auto Inc. (NASDAQ:LI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Li Auto Inc. (NASDAQ:LI) have been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $32.77.

LI has been the topic of a number of research analyst reports. Macquarie raised Li Auto from a “neutral” rating to an “outperform” rating in a research note on Thursday, February 6th. Barclays raised their price target on Li Auto from $22.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th.

Li Auto Trading Up 3.2 %

Li Auto stock opened at $26.46 on Thursday. The stock has a market cap of $28.07 billion, a PE ratio of 19.60, a P/E/G ratio of 3.20 and a beta of 0.92. The stock has a 50-day moving average price of $23.83 and a 200 day moving average price of $23.32. Li Auto has a 52 week low of $17.44 and a 52 week high of $46.44. The company has a current ratio of 1.76, a quick ratio of 1.64 and a debt-to-equity ratio of 0.13.

Hedge Funds Weigh In On Li Auto

Several hedge funds and other institutional investors have recently modified their holdings of the company. Aspex Management HK Ltd lifted its position in Li Auto by 55.0% during the 3rd quarter. Aspex Management HK Ltd now owns 10,643,926 shares of the company’s stock worth $273,017,000 after acquiring an additional 3,778,463 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Li Auto by 2,556.7% during 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 acquiring an additional 3,493,881 shares in the last quarter. FMR LLC lifted its position in Li Auto by 422.4% during the 3rd quarter. FMR LLC now owns 4,252,398 shares of the company’s stock worth $109,074,000 after acquiring an additional 3,438,410 shares in the last quarter. Ariose Capital Management Ltd acquired a new position in Li Auto during the 3rd quarter worth approximately $18,099,000. Finally, LMR Partners LLP acquired a new position in Li Auto during the 4th quarter worth approximately $16,266,000. 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.