Li Auto (NASDAQ:LI) Stock Rating Upgraded by Macquarie

Li Auto (NASDAQ:LI) was upgraded by equities researchers at Macquarie from a “neutral” rating to an “outperform” rating in a report issued on Thursday,Briefing.com Automated Import reports.

Separately, Barclays increased their price target on Li Auto from $22.00 to $31.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.94.

Li Auto Stock Up 6.5 %

Shares of LI traded up $1.53 during mid-day trading on Thursday, hitting $24.90. The company’s stock had a trading volume of 2,215,256 shares, compared to its average volume of 3,877,957. The company’s 50-day moving average is $23.27 and its 200-day moving average is $22.88. The company has a current ratio of 1.76, a quick ratio of 1.64 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $26.42 billion, a price-to-earnings ratio of 18.49, a PEG ratio of 1.31 and a beta of 0.92. Li Auto has a 52-week low of $17.44 and a 52-week high of $46.44.

Hedge Funds Weigh In On Li Auto

Several institutional investors and hedge funds have recently bought and sold shares of the company. Aspex Management HK Ltd boosted its position in shares of Li Auto by 55.0% during the 3rd quarter. Aspex Management HK Ltd now owns 10,643,926 shares of the company’s stock worth $273,017,000 after purchasing an additional 3,778,463 shares during the period. FMR LLC lifted its stake in Li Auto by 422.4% during the third 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. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Li Auto by 2,556.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,630,537 shares of the company’s stock worth $93,503,000 after buying an additional 3,493,881 shares during the period. RWC Asset Advisors US LLC grew its stake in shares of Li Auto by 20.0% in the fourth quarter. RWC Asset Advisors US LLC now owns 3,181,050 shares of the company’s stock valued at $76,313,000 after buying an additional 530,390 shares in the last quarter. Finally, Ariose Capital Management Ltd acquired a new position in Li Auto during the 3rd quarter worth about $18,099,000. 9.88% of the stock is currently owned by institutional investors and hedge funds.

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.