Li Auto Inc. (NASDAQ:LI) Receives $32.77 Consensus Target Price from Analysts

Shares of Li Auto Inc. (NASDAQ:LI) have been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $32.77.

Several equities research analysts have issued reports on LI shares. Barclays raised their price objective on shares of Li Auto from $22.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Macquarie upgraded shares of Li Auto from a “neutral” rating to an “outperform” rating in a research report on Thursday, February 6th.

Li Auto Trading Down 4.0 %

Shares of LI stock opened at $26.36 on Thursday. The firm has a 50 day moving average price of $24.09 and a two-hundred day moving average price of $23.51. 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 company has a market capitalization of $27.97 billion, a PE ratio of 19.53, a price-to-earnings-growth ratio of 3.27 and a beta of 0.92. Li Auto has a 12-month low of $17.44 and a 12-month high of $46.44.

Institutional Investors Weigh In On Li Auto

A number of hedge funds and other institutional investors have recently made changes to their positions in LI. Public Employees Retirement System of Ohio increased its stake in Li Auto by 66.3% in the fourth quarter. Public Employees Retirement System of Ohio now owns 58,525 shares of the company’s stock valued at $1,404,000 after acquiring an additional 23,339 shares during the last quarter. Vident Advisory LLC increased its stake in Li Auto by 11.2% in the fourth quarter. Vident Advisory LLC now owns 19,914 shares of the company’s stock valued at $478,000 after acquiring an additional 1,998 shares during the last quarter. Tairen Capital Ltd bought a new position in Li Auto in the fourth quarter valued at approximately $8,435,000. Point72 Hong Kong Ltd increased its stake in Li Auto by 1,976.3% in the fourth quarter. Point72 Hong Kong Ltd now owns 212,673 shares of the company’s stock valued at $5,102,000 after acquiring an additional 202,430 shares during the last quarter. Finally, Quantinno Capital Management LP increased its stake in Li Auto by 17.6% in the fourth quarter. Quantinno Capital Management LP now owns 15,727 shares of the company’s stock valued at $377,000 after acquiring an additional 2,356 shares during the last quarter. 9.88% of the stock is currently owned by institutional investors and hedge funds.

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.