Li Auto Inc. (NASDAQ:LI) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Li Auto Inc. (NASDAQ:LI) have received an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $33.94.

A number of research analysts recently commented on the company. Barclays upped their price objective 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 upped their price target on shares of Li Auto from $25.50 to $29.60 and gave the stock a “neutral” rating in a research report on Monday, September 30th. Bank of America increased their price objective on shares of Li Auto from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. JPMorgan Chase & Co. reduced their target price on shares of Li Auto from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. Finally, Macquarie restated a “neutral” rating and issued a $33.00 price target (up previously from $25.00) on shares of Li Auto in a research note on Friday, October 4th.

Li Auto Stock Performance

Shares of LI stock opened at $22.32 on Friday. 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 business has a 50 day moving average of $25.25 and a two-hundred day moving average of $21.78. The company has a market cap of $23.68 billion, a P/E ratio of 16.53, a PEG ratio of 2.15 and a beta of 0.94. Li Auto has a 52 week low of $17.44 and a 52 week high of $46.44.

Institutional Investors Weigh In On Li Auto

Institutional investors have recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of Li Auto by 58.7% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,549 shares of the company’s stock valued at $28,000 after purchasing an additional 573 shares during the period. Blue Trust Inc. boosted its stake in Li Auto by 1,707.4% during the second quarter. Blue Trust Inc. now owns 1,952 shares of the company’s stock valued at $35,000 after buying an additional 1,844 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Li Auto during the third quarter worth about $39,000. Venturi Wealth Management LLC bought a new stake in Li Auto in the third quarter worth about $50,000. Finally, BNP Paribas lifted its holdings in Li Auto by 300.0% in the 3rd quarter. BNP Paribas now owns 2,000 shares of the company’s stock valued at $51,000 after acquiring an additional 1,500 shares during the last quarter. 9.88% of the stock is currently 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.