Li Auto Inc. (NASDAQ:LI) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Li Auto Inc. (NASDAQ:LI) have received an average recommendation of “Moderate Buy” from the seven research firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $40.08.

A number of equities research analysts recently commented on the company. Macquarie assumed coverage on Li Auto in a research report on Monday, April 15th. They issued an “outperform” rating and a $40.00 target price on the stock. Barclays reduced their target price on shares of Li Auto from $25.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 21st. Bank of America dropped their price target on shares of Li Auto from $41.00 to $36.00 and set a “buy” rating for the company in a research note on Tuesday, May 21st. Finally, Morgan Stanley reduced their price target on shares of Li Auto from $65.00 to $53.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 21st.

Li Auto Price Performance

NASDAQ LI opened at $19.37 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.37 and a current ratio of 1.53. The business’s fifty day moving average is $19.64 and its 200 day moving average is $26.72. The company has a market capitalization of $20.55 billion, a PE ratio of 12.91, a price-to-earnings-growth ratio of 2.27 and a beta of 0.97. Li Auto has a fifty-two week low of $17.75 and a fifty-two week high of $47.33.

Li Auto (NASDAQ:LI) last issued its quarterly earnings results on Monday, May 20th. The company reported $0.08 earnings per share for the quarter. The business had revenue of $3.55 billion for the quarter. Li Auto had a net margin of 8.73% and a return on equity of 16.65%. Sell-side analysts predict that Li Auto will post 1.04 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in LI. Brilliance Asset Management Ltd. grew its position in shares of Li Auto by 6.9% in the fourth quarter. Brilliance Asset Management Ltd. now owns 4,639,798 shares of the company’s stock valued at $173,668,000 after purchasing an additional 299,531 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Li Auto during the 2nd quarter valued at about $21,626,000. Franchise Capital Ltd raised its stake in Li Auto by 163.2% during 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. Ninety One UK Ltd acquired a new position in Li Auto in the 4th quarter valued at about $35,896,000. Finally, SIH Partners LLLP grew its stake in shares of Li Auto by 508.2% in the 1st quarter. SIH Partners LLLP now owns 890,900 shares of the company’s stock valued at $26,976,000 after buying an additional 744,419 shares during the period. 9.88% of the stock is owned by institutional investors and hedge funds.

Li Auto Company Profile

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.