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

Li Auto (NASDAQ:LI) had its price objective hoisted by Citigroup from $21.60 to $25.50 in a research note published on Tuesday, Benzinga reports. They currently have a neutral rating on the stock.

A number of other analysts have also commented on LI. JPMorgan Chase & Co. cut their price target on Li Auto from $21.00 to $19.00 and set a neutral rating on the stock in a report on Thursday, August 29th. Bank of America lifted their target price on Li Auto from $30.00 to $31.00 and gave the company a buy rating in a research report on Thursday, August 29th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $33.07.

Li Auto Price Performance

NASDAQ LI opened at $25.37 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.63 and a current ratio of 1.76. The stock has a market cap of $26.92 billion, a price-to-earnings ratio of 16.91 and a beta of 0.96. The business has a 50 day simple moving average of $19.94 and a 200 day simple moving average of $23.25. Li Auto has a 52-week low of $17.44 and a 52-week high of $46.44.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of LI. Crossmark Global Holdings Inc. increased its stake in shares of Li Auto by 4.7% during the 4th quarter. Crossmark Global Holdings Inc. now owns 37,479 shares of the company’s stock worth $1,403,000 after purchasing an additional 1,679 shares during the last quarter. American Century Companies Inc. increased its position in 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 buying an additional 123,838 shares during the last quarter. Franchise Capital Ltd raised its stake in Li Auto by 163.2% in the fourth quarter. Franchise Capital Ltd now owns 975,250 shares of the company’s stock valued at $36,504,000 after buying an additional 604,773 shares during the period. DekaBank Deutsche Girozentrale lifted its position in shares of Li Auto by 510.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 76,450 shares of the company’s stock valued at $2,370,000 after buying an additional 63,917 shares during the last quarter. Finally, OLD Mission Capital LLC bought a new position in shares of Li Auto during the 4th quarter worth approximately $17,696,000. 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.