Li Auto Inc. (NASDAQ:LI) Receives $36.36 Consensus Target Price from Analysts

Shares of Li Auto Inc. (NASDAQ:LI) have been assigned a consensus rating of “Moderate Buy” from the eight analysts that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $33.07.

Several research firms have issued reports on LI. Bank of America upped their price target on shares of Li Auto from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. JPMorgan Chase & Co. decreased their price objective on Li Auto from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Thursday, August 29th. Finally, Citigroup lifted their price objective on Li Auto from $21.60 to $25.50 and gave the company a “neutral” rating in a research note on Tuesday, September 24th.

Li Auto Stock Performance

NASDAQ LI opened at $25.78 on Monday. The company has a market capitalization of $27.35 billion, a PE ratio of 17.19 and a beta of 0.96. The company has a 50-day simple moving average of $20.17 and a 200 day simple moving average of $22.97. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.63 and a current ratio of 1.76. Li Auto has a 52-week low of $17.44 and a 52-week high of $46.44.

Li Auto (NASDAQ:LI) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $0.14 earnings per share (EPS) for the quarter. The firm had revenue of $4.36 billion for the quarter. Li Auto had a net margin of 7.65% and a return on equity of 13.70%.

Hedge Funds Weigh In On Li Auto

Large investors have recently made changes to their positions in the business. Brilliance Asset Management Ltd. raised its position in shares of Li Auto by 6.9% in the 4th quarter. Brilliance Asset Management Ltd. now owns 4,639,798 shares of the company’s stock valued at $173,668,000 after purchasing an additional 299,531 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of Li Auto during the second quarter valued at $21,626,000. Franchise Capital Ltd increased its position in shares of Li Auto by 163.2% in the 4th quarter. Franchise Capital Ltd now owns 975,250 shares of the company’s stock valued at $36,504,000 after acquiring an additional 604,773 shares during the period. SIH Partners LLLP raised its stake in Li Auto by 508.2% in the 1st quarter. SIH Partners LLLP now owns 890,900 shares of the company’s stock worth $26,976,000 after acquiring an additional 744,419 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in Li Auto by 20.5% during the 2nd quarter. American Century Companies Inc. now owns 726,684 shares of the company’s stock worth $12,993,000 after acquiring an additional 123,838 shares during the period. 9.88% of the stock is 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.