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

Shares of Li Auto Inc. (NASDAQ:LI) have been given an average rating of “Moderate Buy” by the six analysts that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $32.77.

LI has been the subject of several research analyst reports. Barclays increased their price objective on Li Auto from $22.00 to $31.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Macquarie raised Li Auto from a “neutral” rating to an “outperform” rating in a report on Thursday, February 6th.

Li Auto Stock Performance

Shares of Li Auto stock opened at $26.46 on Thursday. The firm has a market capitalization of $28.07 billion, a P/E ratio of 19.60, a P/E/G ratio of 3.20 and a beta of 0.92. Li Auto has a 52 week low of $17.44 and a 52 week high of $46.44. 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 firm’s 50 day moving average is $23.83 and its two-hundred day moving average is $23.32.

Institutional Investors Weigh In On Li Auto

Several hedge funds have recently modified their holdings of the stock. Creative Planning raised its position in Li Auto by 39.4% in the third quarter. Creative Planning now owns 23,751 shares of the company’s stock worth $609,000 after acquiring an additional 6,712 shares in the last quarter. Blue Trust Inc. increased its position in shares of Li Auto by 55.9% in the third quarter. Blue Trust Inc. now owns 3,043 shares of the company’s stock valued at $78,000 after buying an additional 1,091 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Li Auto during the 3rd quarter worth about $39,000. Signaturefd LLC increased its position in Li Auto by 43.4% during the 3rd quarter. Signaturefd LLC now owns 9,756 shares of the company’s stock worth $250,000 after purchasing an additional 2,953 shares in the last quarter. Finally, Ariose Capital Management Ltd purchased a new stake in Li Auto during the 3rd quarter worth about $18,099,000. 9.88% of the stock is owned by institutional investors and hedge funds.

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.