Li Auto Inc. (NASDAQ:LI) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Li Auto Inc. (NASDAQ:LI) have been assigned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $32.77.

Several brokerages have recently commented on LI. Barclays increased their price target on shares of Li Auto from $22.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Macquarie upgraded shares of Li Auto from a “neutral” rating to an “outperform” rating in a research note on Thursday, February 6th.

Institutional Investors Weigh In On Li Auto

Large investors have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Li Auto by 2,556.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,630,537 shares of the company’s stock valued at $93,503,000 after purchasing an additional 3,493,881 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Li Auto by 27.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 432,988 shares of the company’s stock valued at $11,106,000 after acquiring an additional 93,904 shares during the period. RWC Asset Advisors US LLC increased its stake in shares of Li Auto by 20.0% during the fourth quarter. RWC Asset Advisors US LLC now owns 3,181,050 shares of the company’s stock valued at $76,313,000 after acquiring an additional 530,390 shares during the period. Ariose Capital Management Ltd acquired a new position in shares of Li Auto during the third quarter valued at approximately $18,099,000. Finally, Atomi Financial Group Inc. acquired a new position in shares of Li Auto during the fourth quarter valued at approximately $271,000. Institutional investors and hedge funds own 9.88% of the company’s stock.

Li Auto Stock Performance

Shares of LI stock opened at $32.92 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.64 and a current ratio of 1.76. Li Auto has a one year low of $17.44 and a one year high of $46.44. The company’s 50-day simple moving average is $24.45 and its 200-day simple moving average is $23.65. The stock has a market capitalization of $34.93 billion, a price-to-earnings ratio of 24.39, a PEG ratio of 3.27 and a beta of 0.92.

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.