Analysts Set Li Auto Inc. (NASDAQ:LI) Price Target at $33.94

Shares of Li Auto Inc. (NASDAQ:LI) have been assigned a consensus rating of “Moderate Buy” from the eight analysts that are covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $33.94.

A number of brokerages have weighed in on LI. Barclays lifted their price target on shares of Li Auto from $22.00 to $31.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Macquarie restated a “neutral” rating and set a $33.00 target price (up previously from $25.00) on shares of Li Auto in a report on Friday, October 4th. JPMorgan Chase & Co. lowered their price target on Li Auto from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Thursday, August 29th. Citigroup boosted their price objective on Li Auto from $25.50 to $29.60 and gave the stock a “neutral” rating in a research note on Monday, September 30th. Finally, Bank of America increased their target price on Li Auto from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, August 29th.

Li Auto Stock Performance

Shares of LI stock opened at $24.10 on Friday. The stock has a fifty day moving average price of $25.18 and a 200 day moving average price of $21.79. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.64 and a current ratio of 1.76. The stock has a market cap of $25.57 billion, a PE ratio of 17.85, a P/E/G ratio of 2.14 and a beta of 0.94. Li Auto has a 1 year low of $17.44 and a 1 year high of $46.44.

Institutional Trading of Li Auto

Large investors have recently modified their holdings of the business. Aspex Management HK Ltd boosted its stake in shares of Li Auto by 55.0% during the 3rd quarter. Aspex Management HK Ltd now owns 10,643,926 shares of the company’s stock valued at $273,017,000 after buying an additional 3,778,463 shares during the last quarter. FMR LLC boosted its stake in shares of 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. Mirae Asset Global Investments Co. Ltd. increased its stake in Li Auto by 2,556.7% in 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 purchasing an additional 3,493,881 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Li Auto in the second quarter worth approximately $21,626,000. Finally, American Century Companies Inc. raised its stake in Li Auto by 20.5% during the 2nd quarter. American Century Companies Inc. now owns 726,684 shares of the company’s stock valued at $12,993,000 after purchasing an additional 123,838 shares during the period. 9.88% of the stock is currently 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.