Stock Traders Buy High Volume of Put Options on Li Auto (NASDAQ:LI)

Li Auto Inc. (NASDAQ:LI) was the target of some unusual options trading on Thursday. Traders bought 21,298 put options on the stock. This is an increase of 30% compared to the average daily volume of 16,347 put options.

Li Auto Stock Performance

Li Auto stock opened at $31.92 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.64 and a current ratio of 1.76. The stock has a fifty day moving average of $24.62 and a two-hundred day moving average of $23.70. The company has a market capitalization of $33.87 billion, a price-to-earnings ratio of 23.64, a PEG ratio of 3.27 and a beta of 0.92. Li Auto has a fifty-two week low of $17.44 and a fifty-two week high of $46.02.

Hedge Funds Weigh In On Li Auto

Several hedge funds have recently bought and sold shares of LI. Aspex Management HK Ltd increased its position in 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 in the last quarter. FMR LLC increased its position in Li Auto by 422.4% during the third quarter. FMR LLC now owns 4,252,398 shares of the company’s stock worth $109,074,000 after buying an additional 3,438,410 shares in the last quarter. LMR Partners LLP purchased a new position in Li Auto during the fourth quarter worth $16,266,000. OLD Mission Capital LLC purchased a new position in Li Auto during the fourth quarter worth $14,704,000. Finally, RWC Asset Advisors US LLC increased its position in Li Auto by 20.0% during the fourth quarter. RWC Asset Advisors US LLC now owns 3,181,050 shares of the company’s stock worth $76,313,000 after buying an additional 530,390 shares in the last quarter. Hedge funds and other institutional investors own 9.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on LI. Barclays raised their price objective on Li Auto from $22.00 to $31.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Macquarie raised Li Auto from a “neutral” rating to an “outperform” rating in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $32.77.

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.