Li Auto (NASDAQ:LI) Stock Rating Upgraded by Macquarie

Li Auto (NASDAQ:LI) was upgraded by investment analysts at Macquarie from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Thursday, MarketBeat reports.

Separately, Barclays increased their price objective on shares of Li Auto from $22.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $32.77.

Li Auto Price Performance

NASDAQ LI opened at $26.02 on Thursday. Li Auto has a 12-month low of $17.44 and a 12-month high of $46.44. The firm’s 50 day moving average is $23.30 and its 200-day moving average is $22.89. The company has a market capitalization of $27.61 billion, a PE ratio of 19.27, a price-to-earnings-growth ratio of 1.31 and a beta of 0.92. The company has a quick ratio of 1.64, a current ratio of 1.76 and a debt-to-equity ratio of 0.13.

Hedge Funds Weigh In On Li Auto

Institutional investors have recently bought and sold shares of the business. Daiwa Securities Group Inc. raised its position in shares of Li Auto by 16.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the company’s stock valued at $84,000 after purchasing an additional 500 shares during the period. Amundi raised its holdings in Li Auto by 1.2% in the 4th quarter. Amundi now owns 78,098 shares of the company’s stock valued at $1,811,000 after acquiring an additional 888 shares during the period. Raymond James Financial Inc. bought a new position in Li Auto in the 4th quarter valued at about $544,000. NINE MASTS CAPITAL Ltd acquired a new stake in Li Auto during the fourth quarter worth approximately $6,637,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Li Auto during the fourth quarter worth approximately $191,000. 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.