Brokerages Set Li Auto Inc. (NASDAQ:LI) Price Target at $35.73

Li Auto Inc. (NASDAQ:LI) has been assigned an average rating of “Hold” from the nine ratings firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $35.73.

Several research firms have recently commented on LI. Cfra Research upgraded Li Auto to a “strong sell” rating in a research note on Friday, March 21st. HSBC set a $38.50 target price on shares of Li Auto and gave the company a “buy” rating in a research note on Thursday, March 6th. Macquarie lowered Li Auto from an “outperform” rating to a “neutral” rating and set a $27.00 price objective for the company. in a report on Monday, March 17th. Nomura Securities raised Li Auto to a “hold” rating in a report on Monday, March 17th. Finally, JPMorgan Chase & Co. upgraded Li Auto from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $22.00 to $40.00 in a report on Friday, February 28th.

Li Auto Stock Down 1.7 %

NASDAQ LI opened at $23.44 on Friday. The company has a quick ratio of 1.64, a current ratio of 1.76 and a debt-to-equity ratio of 0.13. Li Auto has a fifty-two week low of $17.44 and a fifty-two week high of $33.12. The business has a 50 day moving average price of $26.16 and a two-hundred day moving average price of $24.97. The stock has a market cap of $24.54 billion, a PE ratio of 17.36, a P/E/G ratio of 3.27 and a beta of 0.94.

Institutional Investors Weigh In On Li Auto

A number of institutional investors have recently modified their holdings of LI. CX Institutional bought a new stake in shares of Li Auto in the 1st quarter valued at approximately $72,000. Myriad Asset Management US LP bought a new stake in Li Auto in the first quarter worth approximately $9,913,000. Public Employees Retirement System of Ohio increased its stake in shares of Li Auto by 66.3% during the 4th quarter. Public Employees Retirement System of Ohio now owns 58,525 shares of the company’s stock worth $1,404,000 after purchasing an additional 23,339 shares during the last quarter. Vident Advisory LLC raised its holdings in shares of Li Auto by 11.2% during the 4th quarter. Vident Advisory LLC now owns 19,914 shares of the company’s stock valued at $478,000 after purchasing an additional 1,998 shares in the last quarter. Finally, Tairen Capital Ltd acquired a new stake in shares of Li Auto in the 4th quarter valued at $8,435,000. Institutional investors and hedge funds own 9.88% of the company’s stock.

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.