Li Auto (NASDAQ:LI) Trading Up 3.4% – Still a Buy?

Li Auto Inc. Sponsored ADR (NASDAQ:LI) shares were up 3.4% during mid-day trading on Friday . The company traded as high as $17.41 and last traded at $17.3550. Approximately 2,250,117 shares were traded during trading, a decline of 57% from the average daily volume of 5,233,622 shares. The stock had previously closed at $16.78.

Analyst Ratings Changes

A number of research firms have recently weighed in on LI. HSBC reiterated a “hold” rating and issued a $18.60 price objective (down previously from $30.30) on shares of Li Auto in a research note on Wednesday, December 3rd. Barclays cut their price target on Li Auto from $24.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Monday, December 1st. Dbs Bank cut Li Auto from a “moderate buy” rating to a “hold” rating in a report on Friday, August 29th. Citigroup lowered their target price on Li Auto from $25.60 to $20.20 and set a “neutral” rating on the stock in a research note on Friday, November 28th. Finally, CLSA raised Li Auto to a “strong-buy” rating in a report on Monday, September 22nd. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, thirteen have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $21.66.

Li Auto Price Performance

The company has a current ratio of 1.80, a quick ratio of 1.67 and a debt-to-equity ratio of 0.05. The stock has a 50-day moving average price of $18.95 and a 200 day moving average price of $23.53. The stock has a market capitalization of $18.17 billion, a price-to-earnings ratio of 29.92 and a beta of 0.50.

Institutional Investors Weigh In On Li Auto

A number of institutional investors have recently added to or reduced their stakes in the stock. Ovata Capital Management Ltd raised its position in Li Auto by 107.1% during the third quarter. Ovata Capital Management Ltd now owns 29,000 shares of the company’s stock worth $756,000 after acquiring an additional 15,000 shares during the period. Tidal Investments LLC increased its holdings in shares of Li Auto by 13.6% in the third quarter. Tidal Investments LLC now owns 100,878 shares of the company’s stock valued at $2,556,000 after purchasing an additional 12,106 shares during the last quarter. Maxi Investments CY Ltd purchased a new position in Li Auto during the third quarter worth approximately $16,040,000. Mercer Global Advisors Inc. ADV purchased a new stake in Li Auto in the 3rd quarter valued at $227,000. Finally, Credit Agricole S A acquired a new stake in shares of Li Auto in the 3rd quarter worth $5,055,000. Institutional investors and hedge funds own 9.88% of the company’s stock.

Li Auto Company Profile

Li Auto Inc is a Chinese automotive company that develops, manufactures and sells smart electric vehicles, with an early focus on range-extended electric SUVs designed for family use. The company is headquartered in China and serves the domestic market through a combination of online channels and a network of retail/showroom locations. Li Auto was founded to address range-anxiety in electric vehicle buyers by integrating a small internal-combustion engine as a range extender alongside a large battery, enabling longer driving range while retaining electric driving characteristics.

The company’s product lineup centers on multi‑occupant SUVs that combine electric propulsion, advanced in‑vehicle connectivity and driver‑assistance features.