Citigroup Boosts Li Auto (NASDAQ:LI) Price Target to $25.50

Li Auto (NASDAQ:LI) had its target price upped by Citigroup from $21.60 to $25.50 in a report released on Tuesday morning, Benzinga reports. The firm currently has a neutral rating on the stock.

LI has been the topic of several other reports. Bank of America increased their price target on shares of Li Auto from $30.00 to $31.00 and gave the company a buy rating in a research note on Thursday, August 29th. JPMorgan Chase & Co. reduced their price objective on Li Auto from $21.00 to $19.00 and set a neutral rating on the stock in a report on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of $33.07.

Li Auto Price Performance

NASDAQ:LI opened at $25.37 on Tuesday. The company has a quick ratio of 1.63, a current ratio of 1.76 and a debt-to-equity ratio of 0.14. The firm has a market cap of $26.92 billion, a PE ratio of 16.91 and a beta of 0.96. Li Auto has a 12 month low of $17.44 and a 12 month high of $46.44. The company’s 50-day moving average price is $19.94 and its two-hundred day moving average price is $23.25.

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. 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 acquiring an additional 299,531 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Li Auto in the second quarter valued at approximately $21,626,000. Franchise Capital Ltd raised its holdings in Li Auto by 163.2% in the fourth quarter. Franchise Capital Ltd now owns 975,250 shares of the company’s stock worth $36,504,000 after purchasing an additional 604,773 shares during the period. SIH Partners LLLP boosted its position in shares of Li Auto by 508.2% during the first quarter. SIH Partners LLLP now owns 890,900 shares of the company’s stock worth $26,976,000 after purchasing an additional 744,419 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Li Auto by 20.5% during the second quarter. American Century Companies Inc. now owns 726,684 shares of the company’s stock worth $12,993,000 after purchasing an additional 123,838 shares in the last quarter. Institutional investors and hedge funds own 9.88% of the company’s stock.

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.