Investors Buy Large Volume of Li Auto Call Options (NASDAQ:LI)

Li Auto Inc. (NASDAQ:LI) was the target of some unusual options trading activity on Monday. Investors purchased 34,239 call options on the company. This is an increase of 49% compared to the average daily volume of 22,963 call options.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. dropped their price target on Li Auto from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. Bank of America raised their target price on shares of Li Auto from $30.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Finally, Citigroup increased their price objective on shares of Li Auto from $25.50 to $29.60 and gave the company a “neutral” rating in a research report on Monday. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $33.66.

Hedge Funds Weigh In On Li Auto

A number of institutional investors have recently modified their holdings of the stock. Scarborough Advisors LLC bought a new position in Li Auto during the 4th quarter worth about $41,000. Harel Insurance Investments & Financial Services Ltd. raised its stake in Li Auto by 58.7% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,549 shares of the company’s stock worth $28,000 after buying an additional 573 shares in the last quarter. Blue Trust Inc. raised its stake in Li Auto by 1,707.4% in the second quarter. Blue Trust Inc. now owns 1,952 shares of the company’s stock worth $35,000 after buying an additional 1,844 shares in the last quarter. Barometer Capital Management Inc. purchased a new stake in Li Auto during the fourth quarter worth $135,000. Finally, Ballentine Partners LLC boosted its position in Li Auto by 20.6% during the 1st quarter. Ballentine Partners LLC now owns 7,199 shares of the company’s stock valued at $218,000 after acquiring an additional 1,232 shares in the last quarter. 9.88% of the stock is owned by hedge funds and other institutional investors.

Li Auto Stock Down 0.5 %

Shares of LI opened at $25.65 on Tuesday. The company has a quick ratio of 1.63, a current ratio of 1.76 and a debt-to-equity ratio of 0.14. Li Auto has a 52-week low of $17.44 and a 52-week high of $46.44. The company has a market cap of $27.21 billion, a PE ratio of 17.10 and a beta of 0.96. The business has a fifty day moving average of $20.27 and a 200 day moving average of $22.89.

Li Auto (NASDAQ:LI) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $0.14 earnings per share (EPS) for the quarter. The firm had revenue of $4.36 billion during the quarter. Li Auto had a return on equity of 13.70% and a net margin of 7.65%.

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.