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

Li Auto Inc. (NASDAQ:LI) has earned an average recommendation of “Hold” from the seven analysts that are currently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $33.94.

Several research analysts have weighed in on the company. Macquarie reissued a “neutral” rating and issued a $33.00 price objective (up previously from $25.00) on shares of Li Auto in a research report on Friday, October 4th. Barclays increased 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.

Institutional Investors Weigh In On Li Auto

Institutional investors have recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Li Auto by 2,556.7% in the third 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. Connor Clark & Lunn Investment Management Ltd. increased its position in Li Auto by 27.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 432,988 shares of the company’s stock valued at $11,106,000 after purchasing an additional 93,904 shares during the period. Ariose Capital Management Ltd bought a new position in Li Auto in the 3rd quarter worth $18,099,000. Barclays PLC lifted its position in shares of Li Auto by 41.8% in the 3rd quarter. Barclays PLC now owns 602,028 shares of the company’s stock worth $15,442,000 after purchasing an additional 177,414 shares during the period. Finally, Atomi Financial Group Inc. bought a new stake in shares of Li Auto during the 4th quarter valued at about $271,000. Hedge funds and other institutional investors own 9.88% of the company’s stock.

Li Auto Stock Performance

Shares of LI opened at $23.27 on Friday. The firm has a market capitalization of $24.69 billion, a P/E ratio of 17.24, a P/E/G ratio of 1.27 and a beta of 0.93. Li Auto has a 52 week low of $17.44 and a 52 week high of $46.44. The stock has a 50 day moving average price of $23.14 and a two-hundred day moving average price of $22.74. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.64 and a current ratio of 1.76.

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.