Li Auto Inc. (NASDAQ:LI) Receives $33.94 Average Target Price from Brokerages

Shares of Li Auto Inc. (NASDAQ:LI) have been given an average recommendation of “Hold” by the seven analysts that are currently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $33.94.

A number of equities analysts recently weighed in on the stock. Barclays boosted their price objective on shares of Li Auto from $22.00 to $31.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Macquarie reiterated a “neutral” rating and issued a $33.00 price target (up from $25.00) on shares of Li Auto in a research note on Friday, October 4th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC purchased a new stake in shares of Li Auto in the third quarter worth $39,000. Venturi Wealth Management LLC purchased a new position in Li Auto during the third quarter valued at $50,000. BNP Paribas increased its holdings in Li Auto by 300.0% in the 3rd quarter. BNP Paribas now owns 2,000 shares of the company’s stock valued at $51,000 after acquiring an additional 1,500 shares during the last quarter. Avior Wealth Management LLC boosted its holdings in shares of Li Auto by 708.5% during the 3rd quarter. Avior Wealth Management LLC now owns 2,385 shares of the company’s stock valued at $61,000 after purchasing an additional 2,090 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in Li Auto by 55.9% in the 3rd quarter. Blue Trust Inc. now owns 3,043 shares of the company’s stock worth $78,000 after acquiring an additional 1,091 shares during the last quarter. Hedge funds and other institutional investors own 9.88% of the company’s stock.

Li Auto Stock Performance

Shares of LI stock opened at $23.27 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.64 and a current ratio of 1.76. The company has a market capitalization of $24.69 billion, a price-to-earnings ratio of 17.24, a price-to-earnings-growth ratio of 1.27 and a beta of 0.93. Li Auto has a one year low of $17.44 and a one year high of $46.44. The company’s 50-day moving average is $23.14 and its 200 day moving average is $22.74.

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.