Brokerages Set Li Auto Inc. (NASDAQ:LI) PT at $33.94

Li Auto Inc. (NASDAQ:LI) has been given an average rating of “Hold” by the seven analysts that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $33.94.

Several analysts recently weighed in on LI shares. Barclays upped their price target on Li Auto from $22.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Citigroup increased their target price on Li Auto from $25.50 to $29.60 and gave the stock a “neutral” rating in a research note on Monday, September 30th. Finally, Macquarie reaffirmed a “neutral” rating and issued a $33.00 price target (up previously from $25.00) on shares of Li Auto in a research report on Friday, October 4th.

Li Auto Price Performance

Shares of LI opened at $24.75 on Wednesday. Li Auto has a fifty-two week low of $17.44 and a fifty-two week high of $46.44. The firm’s 50-day simple moving average is $23.79 and its two-hundred day simple moving average is $22.36. The stock has a market cap of $26.26 billion, a PE ratio of 18.33, a price-to-earnings-growth ratio of 2.13 and a beta of 0.93. 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 Trading of Li Auto

A number of institutional investors have recently made changes to their positions in LI. Blue Trust Inc. boosted its stake in shares of Li Auto by 55.9% in the 3rd quarter. Blue Trust Inc. now owns 3,043 shares of the company’s stock worth $78,000 after buying an additional 1,091 shares during the last quarter. BNP Paribas boosted its position in Li Auto by 300.0% in the third quarter. BNP Paribas now owns 2,000 shares of the company’s stock worth $51,000 after purchasing an additional 1,500 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Li Auto during the 3rd quarter valued at about $39,000. Venturi Wealth Management LLC purchased a new stake in shares of Li Auto during the 3rd quarter valued at about $50,000. Finally, Avior Wealth Management LLC lifted its stake in shares of Li Auto by 708.5% in the 3rd quarter. Avior Wealth Management LLC now owns 2,385 shares of the company’s stock worth $61,000 after purchasing an additional 2,090 shares during the period. Hedge funds and other institutional investors own 9.88% of the company’s stock.

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.