Li Auto (NASDAQ:LI) Shares Gap Up – What’s Next?

Li Auto Inc. (NASDAQ:LI)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $25.07, but opened at $25.92. Li Auto shares last traded at $26.04, with a volume of 813,087 shares.

Analyst Upgrades and Downgrades

Several research firms have weighed in on LI. Barclays boosted their price target 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 upgraded shares of 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 company’s stock. According to data from MarketBeat, Li Auto currently has an average rating of “Moderate Buy” and an average price target of $32.77.

Li Auto Stock Down 4.2 %

The stock has a market cap of $26.74 billion, a PE ratio of 18.67, a P/E/G ratio of 1.39 and a beta of 0.92. The business has a 50 day moving average price of $23.59 and a 200 day moving average price of $23.11. The company has a quick ratio of 1.64, a current ratio of 1.76 and a debt-to-equity ratio of 0.13.

Hedge Funds Weigh In On Li Auto

Several large investors have recently made changes to their positions in LI. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Li Auto in the 4th quarter valued at about $335,000. First Trust Advisors LP grew its holdings in Li Auto by 15.2% in the fourth quarter. First Trust Advisors LP now owns 10,014 shares of the company’s stock valued at $240,000 after purchasing an additional 1,324 shares during the period. Bridgewater Associates LP increased its position in shares of Li Auto by 130.5% in the fourth quarter. Bridgewater Associates LP now owns 32,652 shares of the company’s stock valued at $783,000 after buying an additional 18,489 shares in the last quarter. Dymon Asia Capital Singapore PTE. LTD. increased its position in shares of Li Auto by 26.3% in the fourth quarter. Dymon Asia Capital Singapore PTE. LTD. now owns 40,860 shares of the company’s stock valued at $980,000 after buying an additional 8,515 shares in the last quarter. Finally, DRW Securities LLC raised its stake in shares of Li Auto by 148.6% during the 4th quarter. DRW Securities LLC now owns 21,531 shares of the company’s stock worth $517,000 after buying an additional 12,869 shares during the period. 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.