Li Auto (NASDAQ:LI) Upgraded to Outperform at Macquarie

Li Auto (NASDAQ:LI) was upgraded by stock analysts at Macquarie from a “neutral” rating to an “outperform” rating in a research report issued on Thursday,Briefing.com Automated Import reports.

Separately, Barclays increased 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. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Li Auto has a consensus rating of “Moderate Buy” and an average target price of $33.94.

Li Auto Stock Up 6.5 %

Shares of Li Auto stock traded up $1.53 during trading hours on Thursday, reaching $24.90. 2,215,256 shares of the company were exchanged, compared to its average volume of 3,877,957. The firm has a market cap of $26.42 billion, a PE ratio of 18.49, a PEG ratio of 1.31 and a beta of 0.92. The stock’s fifty day moving average is $23.27 and its 200 day moving average is $22.88. Li Auto has a 1 year low of $17.44 and a 1 year high of $46.44. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.64 and a current ratio of 1.76.

Institutional Investors Weigh In On Li Auto

Several institutional investors have recently added to or reduced their stakes in the business. Aspex Management HK Ltd boosted its stake in shares of Li Auto by 55.0% during the third quarter. Aspex Management HK Ltd now owns 10,643,926 shares of the company’s stock worth $273,017,000 after buying an additional 3,778,463 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Li Auto by 2,556.7% in the third 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 in the last quarter. FMR LLC raised its position in Li Auto by 422.4% in the third quarter. FMR LLC now owns 4,252,398 shares of the company’s stock worth $109,074,000 after acquiring an additional 3,438,410 shares in the last quarter. Ariose Capital Management Ltd acquired a new stake in Li Auto in the third quarter valued at $18,099,000. Finally, RWC Asset Advisors US LLC lifted its holdings in Li Auto by 20.0% in the fourth quarter. RWC Asset Advisors US LLC now owns 3,181,050 shares of the company’s stock valued at $76,313,000 after acquiring an additional 530,390 shares during the period. Hedge funds and other 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.