Li Auto Inc. (NASDAQ:LI) Receives $33.94 Consensus Price Target from Analysts

Shares of Li Auto Inc. (NASDAQ:LI) have been assigned a consensus rating of “Hold” from the seven research firms that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $33.94.

Several equities research analysts recently commented on the company. Citigroup boosted their target price on Li Auto from $25.50 to $29.60 and gave the stock a “neutral” rating in a report on Monday, September 30th. Barclays boosted their price objective on Li Auto from $22.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Finally, Macquarie reaffirmed a “neutral” rating and set a $33.00 target price (up previously from $25.00) on shares of Li Auto in a research note on Friday, October 4th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Aspex Management HK Ltd increased its position in Li Auto by 55.0% in the third 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 during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Li Auto by 2,556.7% during 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 buying an additional 3,493,881 shares during the period. FMR LLC raised its stake in shares of Li Auto by 422.4% during 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 during the last quarter. Ariose Capital Management Ltd acquired a new position in Li Auto in the third quarter valued at approximately $18,099,000. Finally, Barclays PLC boosted its stake in Li Auto by 41.8% in the third quarter. Barclays PLC now owns 602,028 shares of the company’s stock valued at $15,442,000 after acquiring an additional 177,414 shares during the last quarter. 9.88% of the stock is currently owned by institutional investors and hedge funds.

Li Auto Price Performance

Shares of LI opened at $24.75 on Wednesday. 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 stock has a fifty day moving average price of $23.87 and a 200 day moving average price of $22.26. The company has a market cap of $26.26 billion, a P/E ratio of 18.33, a PEG ratio of 2.13 and a beta of 0.94.

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.