Citigroup Boosts Li Auto (NASDAQ:LI) Price Target to $25.50

Li Auto (NASDAQ:LI) had its price target boosted by Citigroup from $21.60 to $25.50 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price objective indicates a potential upside of 4.34% from the company’s current price.

LI has been the subject of several other research reports. JPMorgan Chase & Co. decreased their price objective on Li Auto from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Thursday, August 29th. Bank of America raised their price objective on shares of Li Auto from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $33.07.

Li Auto Price Performance

Shares of NASDAQ LI traded up $2.24 during mid-day trading on Tuesday, reaching $24.44. The company’s stock had a trading volume of 9,204,974 shares, compared to its average volume of 7,723,744. The stock has a fifty day moving average of $19.80 and a two-hundred day moving average of $23.33. The firm has a market capitalization of $25.93 billion, a PE ratio of 16.25, a P/E/G ratio of 1.78 and a beta of 0.96. Li Auto has a 52 week low of $17.44 and a 52 week high of $46.44. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.76 and a quick ratio of 1.63.

Li Auto (NASDAQ:LI) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $0.14 EPS for the quarter. Li Auto had a net margin of 7.65% and a return on equity of 13.70%. The company had revenue of $4.36 billion during the quarter. As a group, sell-side analysts anticipate that Li Auto will post 1.04 EPS for the current fiscal year.

Hedge Funds Weigh In On Li Auto

A number of institutional investors have recently bought and sold shares of the company. Scarborough Advisors LLC acquired a new position in Li Auto in the fourth quarter valued at about $41,000. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Li Auto by 58.7% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,549 shares of the company’s stock worth $28,000 after purchasing an additional 573 shares during the period. Blue Trust Inc. increased its holdings in Li Auto by 1,707.4% in the 2nd quarter. Blue Trust Inc. now owns 1,952 shares of the company’s stock valued at $35,000 after purchasing an additional 1,844 shares during the last quarter. Barometer Capital Management Inc. purchased a new stake in Li Auto in the fourth quarter valued at approximately $135,000. Finally, Ballentine Partners LLC grew its position in Li Auto by 20.6% in the 1st quarter. Ballentine Partners LLC now owns 7,199 shares of the company’s stock valued at $218,000 after acquiring an additional 1,232 shares in the last quarter. 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.