Li Auto Inc. (NASDAQ:LI) Receives Average Recommendation of "Hold" from Brokerages

Shares of Li Auto Inc. (NASDAQ:LI - Get Free Report) have been given an average rating of "Hold" by the nine brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $35.73.

A number of equities research analysts have weighed in on the company. HSBC set a $38.50 price target on Li Auto and gave the company a "buy" rating in a research report on Thursday, March 6th. JPMorgan Chase & Co. upgraded Li Auto from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $22.00 to $40.00 in a report on Friday, February 28th. Macquarie downgraded Li Auto from an "outperform" rating to a "neutral" rating and set a $27.00 price objective on the stock. in a report on Monday, March 17th. Nomura Securities upgraded Li Auto to a "hold" rating in a report on Monday, March 17th. Finally, Cfra Research upgraded Li Auto to a "strong sell" rating in a report on Friday, March 21st.

Institutional Trading of Li Auto

Large investors have recently bought and sold shares of the company. CX Institutional bought a new stake in shares of Li Auto in the 1st quarter worth approximately $72,000. Daiwa Securities Group Inc. boosted 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 acquiring an additional 500 shares in the last quarter. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Li Auto in the first quarter worth $126,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Li Auto in the fourth quarter worth $129,000. Finally, Blue Trust Inc. grew its stake in shares of 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 acquiring an additional 2,015 shares during the last quarter. 9.88% of the stock is owned by institutional investors.

Li Auto Price Performance

NASDAQ LI traded down $0.62 during trading hours on Tuesday, reaching $26.61. 3,211,332 shares of the stock traded hands, compared to its average volume of 6,827,231. The stock has a 50 day simple moving average of $25.11 and a two-hundred day simple moving average of $24.63. Li Auto has a 1 year low of $17.44 and a 1 year high of $33.12. 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 company has a market cap of $27.86 billion, a price-to-earnings ratio of 19.71, a price-to-earnings-growth ratio of 3.27 and a beta of 0.95.

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.