Li Auto Inc. (NASDAQ:LI) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Li Auto Inc. (NASDAQ:LI) have earned an average rating of “Hold” from the seven analysts that are covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $33.94.

A number of analysts recently weighed in on the company. Barclays lifted 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. Citigroup boosted their target price on shares of Li Auto from $25.50 to $29.60 and gave the stock a “neutral” rating in a research report on Monday, September 30th. Finally, Macquarie reiterated a “neutral” rating and issued a $33.00 price target (up previously from $25.00) on shares of Li Auto in a report on Friday, October 4th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC acquired a new stake in shares of Li Auto during the 3rd quarter worth about $39,000. Venturi Wealth Management LLC purchased a new position in shares of Li Auto during the third quarter valued at approximately $50,000. BNP Paribas boosted its position in Li Auto by 300.0% during the third quarter. BNP Paribas now owns 2,000 shares of the company’s stock worth $51,000 after acquiring an additional 1,500 shares during the last quarter. Avior Wealth Management LLC grew its stake in Li Auto by 708.5% in the 3rd quarter. Avior Wealth Management LLC now owns 2,385 shares of the company’s stock worth $61,000 after acquiring an additional 2,090 shares during the period. Finally, Blue Trust Inc. raised its holdings in Li Auto by 55.9% in the 3rd quarter. Blue Trust Inc. now owns 3,043 shares of the company’s stock valued at $78,000 after acquiring an additional 1,091 shares during the last quarter. 9.88% of the stock is owned by hedge funds and other institutional investors.

Li Auto Price Performance

Shares of NASDAQ:LI opened at $23.21 on Friday. Li Auto has a 52 week low of $17.44 and a 52 week high of $46.44. The company has a 50-day moving average price of $23.13 and a 200 day moving average price of $22.70. The company has a market cap of $24.63 billion, a P/E ratio of 17.19, a PEG ratio of 1.27 and a beta of 0.93. The company has a quick ratio of 1.64, a current ratio of 1.76 and a debt-to-equity ratio of 0.13.

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.