Li Auto (NASDAQ:LI) Price Target Raised to $31.00 at Bank of America

Li Auto (NASDAQ:LI) had its price objective lifted by Bank of America from $30.00 to $31.00 in a research note issued to investors on Thursday morning, Benzinga reports. They currently have a buy rating on the stock.

LI has been the topic of several other research reports. Morgan Stanley dropped their price target on Li Auto from $65.00 to $53.00 and set an overweight rating on the stock in a report on Tuesday, May 21st. Barclays dropped their price target on Li Auto from $25.00 to $22.00 and set an equal weight rating on the stock in a report on Tuesday, May 21st. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of $36.36.

Li Auto Stock Up 10.6 %

NASDAQ:LI opened at $19.69 on Thursday. The company has a market capitalization of $20.89 billion, a price-to-earnings ratio of 13.13, a price-to-earnings-growth ratio of 2.34 and a beta of 0.97. Li Auto has a one year low of $17.44 and a one year high of $46.44. The stock has a 50-day simple moving average of $19.77 and a 200 day simple moving average of $25.47. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.37 and a current ratio of 1.53.

Li Auto (NASDAQ:LI) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $0.14 earnings per share (EPS) for the quarter. The business had revenue of $4.36 billion during the quarter. Li Auto had a return on equity of 16.65% and a net margin of 8.73%. Sell-side analysts predict that Li Auto will post 1.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Li Auto

Several hedge funds have recently made changes to their positions in LI. Brilliance Asset Management Ltd. lifted its stake in Li Auto by 6.9% during the fourth quarter. Brilliance Asset Management Ltd. now owns 4,639,798 shares of the company’s stock worth $173,668,000 after purchasing an additional 299,531 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Li Auto during the second quarter worth about $21,626,000. Franchise Capital Ltd lifted 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. SIH Partners LLLP lifted its stake in Li Auto by 508.2% during the first quarter. SIH Partners LLLP now owns 890,900 shares of the company’s stock worth $26,976,000 after purchasing an additional 744,419 shares during the period. Finally, American Century Companies Inc. lifted its stake in Li Auto by 20.5% during the second quarter. American Century Companies Inc. now owns 726,684 shares of the company’s stock worth $12,993,000 after purchasing an additional 123,838 shares during the period. Institutional investors own 9.88% of the company’s stock.

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.