Li Auto Inc. (NASDAQ:LI) Receives $32.77 Consensus PT from Analysts

Shares of Li Auto Inc. (NASDAQ:LI) have been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $32.77.

Several research analysts have recently weighed in on LI shares. Barclays upped their price objective on Li Auto from $22.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Macquarie raised Li Auto from a “neutral” rating to an “outperform” rating in a research report on Thursday, February 6th.

Hedge Funds Weigh In On Li Auto

Several hedge funds and other institutional investors have recently made changes to their positions in LI. Creative Planning increased its holdings in Li Auto by 39.4% in the 3rd quarter. Creative Planning now owns 23,751 shares of the company’s stock worth $609,000 after purchasing an additional 6,712 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Li Auto by 55.9% in the third quarter. Blue Trust Inc. now owns 3,043 shares of the company’s stock valued at $78,000 after buying an additional 1,091 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of Li Auto in the third quarter valued at approximately $39,000. Signaturefd LLC increased its position in Li Auto by 43.4% in the 3rd quarter. Signaturefd LLC now owns 9,756 shares of the company’s stock valued at $250,000 after acquiring an additional 2,953 shares during the period. Finally, Ariose Capital Management Ltd acquired a new position in Li Auto in the 3rd quarter valued at approximately $18,099,000. 9.88% of the stock is currently owned by institutional investors and hedge funds.

Li Auto Stock Up 4.1 %

NASDAQ:LI opened at $27.46 on Thursday. 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 50-day moving average price of $24.00 and a two-hundred day moving average price of $23.43. Li Auto has a 1 year low of $17.44 and a 1 year high of $46.44. The stock has a market cap of $29.14 billion, a price-to-earnings ratio of 20.34, a PEG ratio of 3.27 and a beta of 0.92.

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.