Li Auto Inc. (NASDAQ:LI) Receives $36.59 Consensus Price Target from Analysts

Shares of Li Auto Inc. (NASDAQ:LI) have earned a consensus rating of “Moderate Buy” from the eight analysts that are covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $35.73.

Several equities analysts recently weighed in on LI shares. JPMorgan Chase & Co. upgraded shares of Li Auto from a “neutral” rating to an “overweight” rating and increased their price target for the company from $22.00 to $40.00 in a research report on Friday, February 28th. Macquarie lowered shares of Li Auto from an “outperform” rating to a “neutral” rating and set a $27.00 price target for the company. in a research note on Monday, March 17th. HSBC set a $38.50 price objective on Li Auto and gave the company a “buy” rating in a research note on Thursday, March 6th. Finally, Nomura Securities raised Li Auto to a “hold” rating in a research report on Monday, March 17th.

Li Auto Stock Down 1.3 %

Shares of NASDAQ:LI opened at $26.40 on Monday. Li Auto has a 1 year low of $17.44 and a 1 year high of $33.12. The company has a market capitalization of $28.01 billion, a PE ratio of 19.56, a price-to-earnings-growth ratio of 3.27 and a beta of 0.86. The business has a fifty day moving average price of $25.91 and a two-hundred day moving average price of $24.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.76 and a quick ratio of 1.64.

Institutional Investors Weigh In On Li Auto

A number of hedge funds and other institutional investors have recently bought and sold shares of LI. Aspex Management HK Ltd increased its position in shares of Li Auto by 55.0% during the third quarter. Aspex Management HK Ltd now owns 10,643,926 shares of the company’s stock valued at $273,017,000 after buying an additional 3,778,463 shares during the period. Renaissance Technologies LLC lifted its stake in Li Auto by 1.3% in the 4th quarter. Renaissance Technologies LLC now owns 7,800,639 shares of the company’s stock worth $187,137,000 after purchasing an additional 99,539 shares in the last quarter. FMR LLC lifted its stake in Li Auto by 422.4% in the 3rd quarter. FMR LLC now owns 4,252,398 shares of the company’s stock worth $109,074,000 after purchasing an additional 3,438,410 shares in the last quarter. Brilliance Asset Management Ltd. boosted its holdings in Li Auto by 0.7% in the 4th quarter. Brilliance Asset Management Ltd. now owns 3,508,642 shares of the company’s stock valued at $84,172,000 after purchasing an additional 24,416 shares during the period. Finally, RWC Asset Advisors US LLC grew its position in shares of Li Auto by 20.0% during the 4th quarter. RWC Asset Advisors US LLC now owns 3,181,050 shares of the company’s stock valued at $76,313,000 after purchasing an additional 530,390 shares in the last quarter. Institutional investors own 9.88% of the company’s stock.

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.