Li Auto Inc. (NASDAQ:LI) Receives Average Rating of “Hold” from Analysts

Li Auto Inc. (NASDAQ:LI) has earned an average recommendation of “Hold” from the seven research firms that are presently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $33.94.

LI has been the subject of several research analyst reports. Citigroup increased their price target on shares of Li Auto from $25.50 to $29.60 and gave the stock a “neutral” rating in a research note on Monday, September 30th. Barclays upped their price objective on Li Auto from $22.00 to $31.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Finally, Macquarie reiterated a “neutral” rating and issued a $33.00 target price (up previously from $25.00) on shares of Li Auto in a report on Friday, October 4th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in LI. Allspring Global Investments Holdings LLC acquired a new position in shares of Li Auto during the third quarter worth $39,000. Venturi Wealth Management LLC purchased a new stake in Li Auto during the 3rd quarter worth $50,000. BNP Paribas lifted its holdings in Li Auto by 300.0% in the 3rd quarter. BNP Paribas now owns 2,000 shares of the company’s stock worth $51,000 after buying an additional 1,500 shares in the last quarter. Avior Wealth Management LLC boosted its position in Li Auto by 708.5% in the 3rd quarter. Avior Wealth Management LLC now owns 2,385 shares of the company’s stock valued at $61,000 after buying an additional 2,090 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in shares of Li Auto by 55.9% during the third quarter. Blue Trust Inc. now owns 3,043 shares of the company’s stock valued at $78,000 after acquiring an additional 1,091 shares in the last quarter. 9.88% of the stock is owned by hedge funds and other institutional investors.

Li Auto Trading Up 1.8 %

NASDAQ LI opened at $23.21 on Friday. The company has a market cap of $24.63 billion, a P/E ratio of 17.19, a P/E/G ratio of 1.27 and a beta of 0.93. Li Auto has a 12 month low of $17.44 and a 12 month high of $46.44. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.76 and a quick ratio of 1.64. The company has a 50-day moving average of $23.13 and a 200-day moving average of $22.70.

Li Auto Company Profile

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.