Li Auto (NASDAQ:LI) Trading Up 9.8% – What’s Next?

Li Auto Inc. (NASDAQ:LI) rose 9.8% during mid-day trading on Wednesday . The stock traded as high as $32.66 and last traded at $32.75. Approximately 5,414,822 shares changed hands during trading, an increase of 2% from the average daily volume of 5,332,059 shares. The stock had previously closed at $29.84.

Wall Street Analyst Weigh In

A number of equities analysts have commented on LI shares. Macquarie raised shares of Li Auto from a “neutral” rating to an “outperform” rating in a report on Thursday, February 6th. Barclays lifted 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. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.77.

Li Auto Price Performance

The company has a market cap of $34.84 billion, a price-to-earnings ratio of 24.34, a P/E/G ratio of 3.27 and a beta of 0.92. The company has a current ratio of 1.76, a quick ratio of 1.64 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average price of $24.24 and a 200 day moving average price of $23.58.

Institutional Trading of Li Auto

Several hedge funds and other institutional investors have recently modified their holdings of LI. Signaturefd LLC lifted its stake in Li Auto by 4.4% in the 4th quarter. Signaturefd LLC now owns 10,184 shares of the company’s stock worth $244,000 after acquiring an additional 428 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Li Auto by 16.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the company’s stock worth $84,000 after purchasing an additional 500 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC boosted its holdings in shares of Li Auto by 2.2% during the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 25,174 shares of the company’s stock worth $604,000 after purchasing an additional 547 shares during the period. Amundi grew its position in Li Auto by 1.2% during the fourth quarter. Amundi now owns 78,098 shares of the company’s stock valued at $1,811,000 after purchasing an additional 888 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in Li Auto by 55.9% in the 3rd quarter. Blue Trust Inc. now owns 3,043 shares of the company’s stock valued at $78,000 after buying an additional 1,091 shares during the period. Institutional investors and hedge funds 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.