Li Auto Inc. (NASDAQ:LI) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Li Auto Inc. (NASDAQ:LI) have earned a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $36.59.

Several brokerages recently issued reports on LI. HSBC set a $38.50 price target on Li Auto and gave the stock a “buy” rating in a report on Thursday, March 6th. Macquarie upgraded Li Auto from a “neutral” rating to an “outperform” rating in a report on Thursday, February 6th. Finally, JPMorgan Chase & Co. upgraded Li Auto from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $22.00 to $40.00 in a research note on Friday, February 28th.

Li Auto Trading Down 4.4 %

Shares of Li Auto stock opened at $27.46 on Monday. The stock has a fifty day simple moving average of $25.53 and a 200 day simple moving average of $24.40. Li Auto has a 12-month low of $17.44 and a 12-month high of $35.77. The company has a market capitalization of $29.14 billion, a P/E ratio of 20.34, a price-to-earnings-growth ratio of 3.27 and a beta of 0.86. The company has a current ratio of 1.76, a quick ratio of 1.64 and a debt-to-equity ratio of 0.13.

Institutional Inflows and Outflows

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

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.