Stock Traders Purchase Large Volume of Call Options on Li Auto (NASDAQ:LI)

Li Auto Inc. (NASDAQ:LI) was the target of some unusual options trading activity on Tuesday. Traders bought 22,577 call options on the stock. This is an increase of 41% compared to the average daily volume of 16,038 call options.

Institutional Investors Weigh In On Li Auto

Institutional investors have recently made changes to their positions in the stock. Signaturefd LLC increased its position in shares of Li Auto by 4.4% in the 4th quarter. Signaturefd LLC now owns 10,184 shares of the company’s stock valued at $244,000 after buying an additional 428 shares in the last quarter. Daiwa Securities Group Inc. raised its position in Li Auto by 16.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the company’s stock valued at $84,000 after buying an additional 500 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC raised its holdings in shares of Li Auto by 2.2% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 25,174 shares of the company’s stock valued at $604,000 after purchasing an additional 547 shares during the last quarter. Amundi lifted its position in Li Auto by 1.2% during the 4th quarter. Amundi now owns 78,098 shares of the company’s stock worth $1,811,000 after buying an additional 888 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in Li Auto by 15.2% during the fourth quarter. First Trust Advisors LP now owns 10,014 shares of the company’s stock worth $240,000 after acquiring an additional 1,324 shares in the last quarter. 9.88% of the stock is owned by institutional investors and hedge funds.

Li Auto Stock Performance

Li Auto stock opened at $19.79 on Wednesday. The company has a quick ratio of 1.64, a current ratio of 1.76 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $20.72 billion, a price-to-earnings ratio of 14.66, a P/E/G ratio of 3.27 and a beta of 0.94. The stock has a 50-day simple moving average of $26.32 and a 200 day simple moving average of $25.05. Li Auto has a 12-month low of $17.44 and a 12-month high of $33.12.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on LI shares. Macquarie cut Li Auto from an “outperform” rating to a “neutral” rating and set a $27.00 price target on the stock. in a report on Monday, March 17th. Nomura Securities raised shares of Li Auto to a “hold” rating in a research note on Monday, March 17th. JPMorgan Chase & Co. raised Li Auto from a “neutral” rating to an “overweight” rating and upped their target price for the company from $22.00 to $40.00 in a report on Friday, February 28th. Cfra Research raised shares of Li Auto to a “strong sell” rating in a research note on Friday, March 21st. Finally, HSBC set a $38.50 target price on Li Auto and gave the company a “buy” rating in a research note on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $35.73.

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.