Li Auto (NASDAQ:LI) Stock Rating Upgraded by Macquarie

Macquarie upgraded shares of Li Auto (NASDAQ:LI) from a neutral rating to an outperform rating in a research report released on Thursday, MarketBeat.com reports.

Separately, Barclays upped their target price on shares of Li Auto from $22.00 to $31.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $32.77.

Li Auto Stock Up 6.2 %

LI stock opened at $24.82 on Thursday. The stock has a 50-day simple moving average of $23.27 and a two-hundred day simple moving average of $22.88. Li Auto has a twelve month low of $17.44 and a twelve month high of $46.44. The firm has a market capitalization of $26.33 billion, a PE ratio of 18.39, a PEG ratio of 1.31 and a beta of 0.92. The company has a quick ratio of 1.64, a current ratio of 1.76 and a debt-to-equity ratio of 0.13.

Institutional Investors Weigh In On Li Auto

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Aspex Management HK Ltd boosted its holdings in shares of Li Auto by 55.0% in the 3rd quarter. Aspex Management HK Ltd now owns 10,643,926 shares of the company’s stock worth $273,017,000 after purchasing an additional 3,778,463 shares in the last quarter. FMR LLC boosted its stake in Li Auto by 422.4% in the third 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Li Auto by 2,556.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,630,537 shares of the company’s stock valued at $93,503,000 after acquiring an additional 3,493,881 shares during the last quarter. RWC Asset Advisors US LLC raised its stake in shares of Li Auto by 20.0% during the fourth quarter. RWC Asset Advisors US LLC now owns 3,181,050 shares of the company’s stock worth $76,313,000 after acquiring an additional 530,390 shares in the last quarter. Finally, Ariose Capital Management Ltd purchased a new position in shares of Li Auto during the third quarter worth approximately $18,099,000. 9.88% of the stock is owned by hedge funds and other institutional investors.

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.