Li Auto Inc. (NASDAQ:LI) Receives Average Recommendation of “Moderate Buy” from Analysts

Li Auto Inc. (NASDAQ:LI) has been given an average rating of “Moderate Buy” by the eight analysts that are presently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $33.94.

A number of analysts have recently weighed in on LI shares. Citigroup increased their price target on Li Auto from $25.50 to $29.60 and gave the stock a “neutral” rating in a research report on Monday, September 30th. JPMorgan Chase & Co. lowered their target price on Li Auto from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. Macquarie restated a “neutral” rating and issued a $33.00 target price (up from $25.00) on shares of Li Auto in a research report on Friday, October 4th. Bank of America raised their target price on Li Auto from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Finally, Barclays raised 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.

Li Auto Stock Up 1.1 %

Shares of Li Auto stock opened at $22.98 on Tuesday. 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 business’s 50 day simple moving average is $24.88 and its 200-day simple moving average is $22.08. The stock has a market capitalization of $24.38 billion, a price-to-earnings ratio of 17.02, a PEG ratio of 2.18 and a beta of 0.99. Li Auto has a twelve month low of $17.44 and a twelve month high of $46.44.

Li Auto (NASDAQ:LI) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $0.14 earnings per share for the quarter. The business had revenue of $4.36 billion for the quarter. Li Auto had a return on equity of 13.03% and a net margin of 7.20%. Equities research analysts forecast that Li Auto will post 1.04 earnings per share for the current year.

Hedge Funds Weigh In On Li Auto

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LI. American Century Companies Inc. boosted its stake in shares of Li Auto by 20.5% during the 2nd quarter. American Century Companies Inc. now owns 726,684 shares of the company’s stock worth $12,993,000 after acquiring an additional 123,838 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Li Auto by 2,556.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,630,537 shares of the company’s stock worth $93,503,000 after acquiring an additional 3,493,881 shares in the last quarter. Ariose Capital Management Ltd bought a new stake in shares of Li Auto during the 3rd quarter worth $18,099,000. DekaBank Deutsche Girozentrale boosted its stake in shares of Li Auto by 510.0% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 76,450 shares of the company’s stock worth $2,370,000 after acquiring an additional 63,917 shares in the last quarter. Finally, Swedbank AB purchased a new stake in shares of Li Auto in the first quarter valued at $2,003,000. 9.88% of the stock is owned by institutional investors.

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.