Stock Traders Buy High Volume of Put Options on Li Auto (NASDAQ:LI)

Li Auto Inc. (NASDAQ:LI) was the target of some unusual options trading on Thursday. Stock traders bought 21,298 put options on the company. This represents an increase of approximately 30% compared to the average volume of 16,347 put options.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Macquarie raised Li Auto from a “neutral” rating to an “outperform” rating in a research report on Thursday, February 6th. Barclays upped their target price on Li Auto from $22.00 to $31.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.77.

Li Auto Stock Down 3.0 %

Li Auto stock opened at $31.92 on Friday. Li Auto has a twelve month low of $17.44 and a twelve month high of $46.02. The stock has a 50 day moving average of $24.62 and a two-hundred day moving average of $23.70. The company has a current ratio of 1.76, a quick ratio of 1.64 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $33.87 billion, a price-to-earnings ratio of 23.64, a PEG ratio of 3.27 and a beta of 0.92.

Institutional Trading of Li Auto

Hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC acquired a new stake in Li Auto during the 3rd quarter worth approximately $39,000. Venturi Wealth Management LLC acquired a new stake in Li Auto during the 3rd quarter worth approximately $50,000. BNP Paribas lifted its position in Li Auto by 300.0% during the 3rd quarter. BNP Paribas now owns 2,000 shares of the company’s stock worth $51,000 after acquiring an additional 1,500 shares during the period. Avior Wealth Management LLC lifted its position in Li Auto by 708.5% during the 3rd quarter. Avior Wealth Management LLC now owns 2,385 shares of the company’s stock worth $61,000 after acquiring an additional 2,090 shares during the period. Finally, Blue Trust Inc. lifted its position in Li Auto by 55.9% during the 3rd quarter. Blue Trust Inc. now owns 3,043 shares of the company’s stock worth $78,000 after acquiring an additional 1,091 shares during the period. 9.88% of the stock is 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.