Li Auto Inc. (NASDAQ:LI) Given Consensus Rating of “Hold” by Analysts

Shares of Li Auto Inc. (NASDAQ:LI) have been given an average rating of “Hold” by the nine research firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $35.73.

A number of equities research analysts have recently commented on the stock. HSBC set a $38.50 price target on shares of Li Auto and gave the company a “buy” rating in a report on Thursday, March 6th. Cfra Research upgraded Li Auto to a “strong sell” rating in a research note on Friday, March 21st. Macquarie cut 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. JPMorgan Chase & Co. raised Li Auto from a “neutral” rating to an “overweight” rating and upped their price target for the company from $22.00 to $40.00 in a report on Friday, February 28th. Finally, Nomura Securities upgraded Li Auto to a “hold” rating in a report on Monday, March 17th.

Li Auto Stock Performance

Shares of LI stock opened at $23.13 on Friday. The company has a market capitalization of $24.22 billion, a price-to-earnings ratio of 17.13, a price-to-earnings-growth ratio of 3.27 and a beta of 0.94. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.64 and a current ratio of 1.76. Li Auto has a one year low of $17.44 and a one year high of $33.12. The company’s 50-day moving average is $26.03 and its 200 day moving average is $24.94.

Institutional Trading of Li Auto

Several large investors have recently added to or reduced their stakes in LI. LMR Partners LLP purchased a new stake in Li Auto in the 4th quarter worth approximately $16,266,000. OLD Mission Capital LLC bought a new stake in shares of Li Auto during the 4th quarter valued at $14,704,000. RWC Asset Advisors US LLC raised 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 during the period. Myriad Asset Management US LP bought a new position in Li Auto in the 1st quarter worth $9,913,000. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Li Auto in the 4th quarter worth $8,923,000. 9.88% of the stock is currently owned by institutional investors.

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.