Li Auto Inc. (NASDAQ:LI) Given Average Recommendation of “Hold” by Brokerages

Li Auto Inc. (NASDAQ:LI) has received a consensus rating of “Hold” from the seven analysts that are covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $33.94.

A number of research firms recently commented on LI. Barclays lifted their target price on Li Auto from $22.00 to $31.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Macquarie reaffirmed a “neutral” rating and issued a $33.00 price objective (up from $25.00) on shares of Li Auto in a report on Friday, October 4th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Aspex Management HK Ltd grew its holdings in shares of Li Auto by 55.0% in the third quarter. Aspex Management HK Ltd now owns 10,643,926 shares of the company’s stock valued at $273,017,000 after purchasing an additional 3,778,463 shares during the period. FMR LLC boosted its holdings in Li Auto by 422.4% in the 3rd quarter. FMR LLC now owns 4,252,398 shares of the company’s stock valued at $109,074,000 after purchasing an additional 3,438,410 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Li Auto by 2,556.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,630,537 shares of the company’s stock valued at $93,503,000 after buying an additional 3,493,881 shares during the period. Ariose Capital Management Ltd acquired a new stake in shares of Li Auto during the 3rd quarter worth approximately $18,099,000. Finally, Barclays PLC raised its position in shares of Li Auto by 41.8% during the 3rd quarter. Barclays PLC now owns 602,028 shares of the company’s stock valued at $15,442,000 after buying an additional 177,414 shares during the period. 9.88% of the stock is currently owned by institutional investors and hedge funds.

Li Auto Price Performance

Shares of LI stock opened at $24.11 on Friday. The firm has a market capitalization of $25.58 billion, a price-to-earnings ratio of 17.86, a PEG ratio of 1.27 and a beta of 0.93. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.64 and a current ratio of 1.76. The stock’s 50-day simple moving average is $23.15 and its 200-day simple moving average is $22.76. Li Auto has a fifty-two week low of $17.44 and a fifty-two week high of $46.44.

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.