Li Auto Inc. (NASDAQ:LI) Receives Consensus Rating of “Moderate Buy” from Brokerages

Li Auto Inc. (NASDAQ:LI) has earned an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $35.73.

A number of brokerages have issued reports on LI. Nomura Securities raised shares of Li Auto to a “hold” rating in a report on Monday, March 17th. JPMorgan Chase & Co. raised shares of Li Auto from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $22.00 to $40.00 in a report on Friday, February 28th. Macquarie lowered shares of Li Auto from an “outperform” rating to a “neutral” rating and set a $27.00 price target on the stock. in a report on Monday, March 17th. Finally, HSBC set a $38.50 price target on shares of Li Auto and gave the stock a “buy” rating in a report on Thursday, March 6th.

Li Auto Price Performance

LI stock opened at $26.40 on Monday. 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 52 week low of $17.44 and a 52 week high of $33.12. The firm’s fifty day moving average is $25.91 and its 200 day moving average is $24.59. The firm has a market cap of $28.01 billion, a P/E ratio of 19.56, a P/E/G ratio of 3.27 and a beta of 0.86.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of LI. BNP Paribas raised its holdings in Li Auto by 300.0% in the third quarter. BNP Paribas now owns 2,000 shares of the company’s stock worth $51,000 after buying an additional 1,500 shares during the last quarter. Avior Wealth Management LLC raised its holdings in Li Auto by 708.5% in the third 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 during the last quarter. Daiwa Securities Group Inc. raised its holdings in Li Auto by 16.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the company’s stock worth $84,000 after buying an additional 500 shares during the last quarter. Blue Trust Inc. raised its holdings in Li Auto by 66.2% in the fourth quarter. Blue Trust Inc. now owns 5,058 shares of the company’s stock worth $130,000 after buying an additional 2,015 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new position in Li Auto in the fourth quarter worth about $129,000. 9.88% of the stock is owned by hedge funds and other institutional investors.

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.