Li Auto (NASDAQ:LI) Upgraded by JPMorgan Chase & Co. to Overweight Rating

Li Auto (NASDAQ:LI) was upgraded by stock analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research note issued on Friday,Briefing.com Automated Import reports. The firm currently has a $40.00 target price on the stock, up from their prior target price of $22.00. JPMorgan Chase & Co.‘s target price indicates a potential upside of 25.31% from the company’s previous close.

A number of other equities research analysts have also issued reports on LI. Barclays upped their price target 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. Macquarie raised shares of Li Auto from a “neutral” rating to an “outperform” rating in a research report on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Li Auto has a consensus rating of “Moderate Buy” and a consensus target price of $36.27.

Li Auto Price Performance

Shares of NASDAQ LI opened at $31.92 on Friday. The stock has a market capitalization of $33.87 billion, a price-to-earnings ratio of 23.64, a price-to-earnings-growth ratio of 3.27 and a beta of 0.92. Li Auto has a 52 week low of $17.44 and a 52 week high of $46.02. The firm has a 50-day simple moving average of $24.62 and a 200-day simple moving average of $23.70. The company has a quick ratio of 1.64, a current ratio of 1.76 and a debt-to-equity ratio of 0.13.

Institutional Trading of Li Auto

Hedge funds and other institutional investors have recently made changes to their positions in the company. Signaturefd LLC boosted its stake in 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 purchasing an additional 428 shares during the period. Daiwa Securities Group Inc. grew 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 boosted 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 acquiring an additional 547 shares in the last quarter. Amundi increased its stake in shares of Li Auto by 1.2% during the fourth 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 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 purchasing an additional 1,324 shares in the last quarter. Institutional investors and hedge funds 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.