Citigroup Increases Li Auto (NASDAQ:LI) Price Target to $25.50

Li Auto (NASDAQ:LI) had its target price increased by investment analysts at Citigroup from $21.60 to $25.50 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Citigroup’s target price indicates a potential upside of 4.34% from the company’s previous close.

LI has been the topic of a number of other research reports. Bank of America lifted their target price on Li Auto from $30.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, August 29th. JPMorgan Chase & Co. dropped their price target on Li Auto from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $33.07.

Li Auto Stock Up 10.1 %

NASDAQ LI traded up $2.24 during trading on Tuesday, reaching $24.44. 9,204,974 shares of the company’s stock were exchanged, compared to its average volume of 7,723,744. The company has a 50 day moving average price of $19.80 and a two-hundred day moving average price of $23.33. The stock has a market cap of $25.93 billion, a P/E ratio of 16.25, a price-to-earnings-growth ratio of 1.78 and a beta of 0.96. Li Auto has a 1 year low of $17.44 and a 1 year high of $46.44. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.63 and a current ratio of 1.76.

Li Auto (NASDAQ:LI) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $0.14 earnings per share for the quarter. Li Auto had a net margin of 7.65% and a return on equity of 13.70%. The business had revenue of $4.36 billion for the quarter. On average, equities research analysts anticipate that Li Auto will post 1.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Li Auto

Institutional investors have recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. boosted its position 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 valued at $28,000 after buying an additional 573 shares in the last quarter. Corient Private Wealth LLC raised its stake in shares of Li Auto by 5.3% in the fourth quarter. Corient Private Wealth LLC now owns 12,664 shares of the company’s stock valued at $474,000 after buying an additional 641 shares during the period. SG Americas Securities LLC lifted its position in shares of Li Auto by 7.0% during the first quarter. SG Americas Securities LLC now owns 10,427 shares of the company’s stock worth $316,000 after acquiring an additional 685 shares in the last quarter. China Universal Asset Management Co. Ltd. raised its position in shares of Li Auto by 2.6% in the second quarter. China Universal Asset Management Co. Ltd. now owns 31,000 shares of the company’s stock worth $554,000 after buying an additional 800 shares in the last quarter. Finally, US Bancorp DE raised its holdings in shares of Li Auto by 5.2% in the 1st quarter. US Bancorp DE now owns 19,784 shares of the company’s stock valued at $599,000 after acquiring an additional 970 shares in the last quarter. Institutional investors own 9.88% of the company’s stock.

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.