Brokerages Set Li Auto Inc. (NASDAQ:LI) Price Target at $33.94

Li Auto Inc. (NASDAQ:LI) has received an average rating of “Hold” from the seven research firms that are covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $33.94.

Several equities research analysts recently issued reports on the stock. Barclays increased their target price on shares of Li Auto from $22.00 to $31.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Macquarie restated a “neutral” rating and set a $33.00 price objective (up from $25.00) on shares of Li Auto in a research report on Friday, October 4th. Finally, Citigroup lifted their target price on shares of Li Auto from $25.50 to $29.60 and gave the company a “neutral” rating in a research note on Monday, September 30th.

Institutional Trading of Li Auto

Several hedge funds have recently bought and sold shares of the stock. SK Wealth Management LLC bought a new stake in Li Auto in the 3rd quarter worth approximately $1,160,000. Virtu Financial LLC increased its position in Li Auto by 269.7% in the third quarter. Virtu Financial LLC now owns 55,908 shares of the company’s stock worth $1,434,000 after purchasing an additional 40,785 shares during the last quarter. Barclays PLC raised its stake in Li Auto by 41.8% during the third quarter. Barclays PLC now owns 602,028 shares of the company’s stock valued at $15,442,000 after purchasing an additional 177,414 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in Li Auto during the third quarter valued at $903,000. Finally, XTX Topco Ltd bought a new position in Li Auto during the third quarter valued at $1,153,000. Hedge funds and other institutional investors own 9.88% of the company’s stock.

Li Auto Stock Performance

Shares of LI opened at $23.89 on Wednesday. The business has a 50-day simple moving average of $23.60 and a two-hundred day simple moving average of $22.44. The company has a quick ratio of 1.64, a current ratio of 1.76 and a debt-to-equity ratio of 0.13. Li Auto has a 52 week low of $17.44 and a 52 week high of $46.44. The stock has a market cap of $25.35 billion, a price-to-earnings ratio of 17.70, a PEG ratio of 2.13 and a beta of 0.93.

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.