Li Auto Inc. (NASDAQ:LI) Receives $33.94 Consensus Target Price from Brokerages

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

LI has been the topic of a number of analyst reports. Barclays lifted their price objective on Li Auto from $22.00 to $31.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Citigroup lifted their price target on shares of Li Auto from $25.50 to $29.60 and gave the company a “neutral” rating in a report on Monday, September 30th. Finally, Macquarie reissued a “neutral” rating and issued a $33.00 price objective (up from $25.00) on shares of Li Auto in a research note on Friday, October 4th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. lifted 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 valued at $12,993,000 after purchasing an additional 123,838 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Li Auto by 2,556.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,630,537 shares of the company’s stock valued at $93,503,000 after acquiring an additional 3,493,881 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in Li Auto by 27.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 432,988 shares of the company’s stock worth $11,106,000 after acquiring an additional 93,904 shares in the last quarter. Ariose Capital Management Ltd bought a new stake in Li Auto during the third quarter worth approximately $18,099,000. Finally, Barclays PLC raised its position 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 during the period. Institutional investors own 9.88% of the company’s stock.

Li Auto Price Performance

Shares of Li Auto stock opened at $24.75 on Wednesday. The stock’s fifty day moving average is $23.79 and its 200 day moving average is $22.36. Li Auto has a one year low of $17.44 and a one year high of $46.44. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.64 and a current ratio of 1.76. The stock has a market cap of $26.26 billion, a P/E ratio of 18.33, a P/E/G ratio of 2.13 and a beta of 0.93.

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.