Analysts Set Li Auto Inc. (NASDAQ:LI) PT at $39.25

Shares of Li Auto Inc. (NASDAQ:LI) have earned a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $36.36.

A number of research firms have weighed in on LI. Barclays decreased their target price on shares of Li Auto from $25.00 to $22.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 21st. Bank of America increased their target price on shares of Li Auto from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday. Morgan Stanley cut their price target on Li Auto from $65.00 to $53.00 and set an “overweight” rating on the stock in a report on Tuesday, May 21st. Finally, JPMorgan Chase & Co. cut their price target on Li Auto from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Thursday.

Li Auto Stock Performance

Li Auto stock opened at $19.46 on Thursday. The company has a market capitalization of $20.65 billion, a P/E ratio of 12.97, a P/E/G ratio of 2.34 and a beta of 0.97. The business has a 50 day moving average of $19.80 and a 200-day moving average of $25.36. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.37. Li Auto has a 1 year low of $17.44 and a 1 year high of $46.44.

Hedge Funds Weigh In On Li Auto

A number of hedge funds have recently bought and sold shares of LI. International Assets Investment Management LLC bought a new stake in shares of Li Auto during the 4th quarter worth $420,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Li Auto by 264.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,663 shares of the company’s stock worth $549,000 after purchasing an additional 10,643 shares during the period. Atria Wealth Solutions Inc. bought a new stake in shares of Li Auto during the 4th quarter worth $369,000. Natixis Advisors L.P. bought a new stake in shares of Li Auto during the 4th quarter worth $377,000. Finally, Picton Mahoney Asset Management bought a new stake in shares of Li Auto during the 4th quarter worth $2,134,000. 9.88% of the stock is owned by hedge funds and other institutional investors.

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.