Li Auto (NASDAQ:LI) Trading Up 4.1% Following Analyst Upgrade

Li Auto Inc. (NASDAQ:LI)’s share price traded up 4.1% on Tuesday after Citigroup raised their price target on the stock from $25.50 to $29.60. Citigroup currently has a neutral rating on the stock. Li Auto traded as high as $26.85 and last traded at $26.71. 1,112,015 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 7,851,885 shares. The stock had previously closed at $25.65.

Other research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. decreased their price target on shares of Li Auto from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Bank of America upped their price target on shares of Li Auto from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Li Auto presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.66.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. increased 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 valued at $28,000 after acquiring an additional 573 shares during the last quarter. Corient Private Wealth LLC grew its stake in shares of Li Auto by 5.3% during 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 last quarter. SG Americas Securities LLC grew its stake 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 valued at $316,000 after buying an additional 685 shares during the last quarter. China Universal Asset Management Co. Ltd. grew its stake in shares of Li Auto by 2.6% during the second quarter. China Universal Asset Management Co. Ltd. now owns 31,000 shares of the company’s stock valued at $554,000 after buying an additional 800 shares during the last quarter. Finally, US Bancorp DE grew its stake in shares of Li Auto by 5.2% during the first quarter. US Bancorp DE now owns 19,784 shares of the company’s stock valued at $599,000 after buying an additional 970 shares during the last quarter. Institutional investors own 9.88% of the company’s stock.

Li Auto Stock Up 3.5 %

The stock has a 50 day moving average price of $20.27 and a 200-day moving average price of $22.89. The stock has a market capitalization of $28.18 billion, a P/E ratio of 17.10 and a beta of 0.96. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.76 and a quick ratio of 1.63.

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

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.