Li Auto Inc. (NASDAQ:LI) Receives $32.77 Consensus Price Target from Brokerages

Li Auto Inc. (NASDAQ:LI) has been given an average recommendation of “Moderate Buy” by the six brokerages that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $32.77.

A number of analysts recently weighed in on LI shares. Macquarie upgraded shares of Li Auto from a “neutral” rating to an “outperform” rating in a report on Thursday, February 6th. Barclays raised their target price 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.

Hedge Funds Weigh In On Li Auto

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new position in Li Auto in the 3rd quarter worth approximately $39,000. Venturi Wealth Management LLC purchased a new stake in Li Auto in the 3rd quarter worth approximately $50,000. BNP Paribas lifted its position in Li Auto by 300.0% in the 3rd quarter. BNP Paribas now owns 2,000 shares of the company’s stock worth $51,000 after buying an additional 1,500 shares in the last quarter. Avior Wealth Management LLC lifted its position in Li Auto by 708.5% in the 3rd quarter. Avior Wealth Management LLC now owns 2,385 shares of the company’s stock worth $61,000 after buying an additional 2,090 shares in the last quarter. Finally, Blue Trust Inc. lifted its position 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 buying an additional 1,091 shares in the last quarter. Institutional investors and hedge funds own 9.88% of the company’s stock.

Li Auto Price Performance

NASDAQ LI opened at $32.92 on Thursday. Li Auto has a 12 month low of $17.44 and a 12 month high of $46.44. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.76 and a quick ratio of 1.64. The firm has a market capitalization of $34.93 billion, a PE ratio of 24.39, a P/E/G ratio of 3.27 and a beta of 0.92. The company’s 50 day simple moving average is $24.45 and its 200 day simple moving average is $23.65.

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.