Li Auto (NASDAQ:LI - Get Free Report) was upgraded by analysts at CLSA to a "strong-buy" rating in a research note issued to investors on Monday,Zacks.com reports.
LI has been the topic of a number of other reports. Zacks Research cut Li Auto from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 19th. Macquarie cut Li Auto from a "neutral" rating to an "underperform" rating and cut their price target for the stock from $28.00 to $21.00 in a report on Friday, August 22nd. BNP Paribas Exane assumed coverage on Li Auto in a report on Monday, August 18th. They set an "underperform" rating and a $18.00 price target on the stock. Daiwa America upgraded Li Auto to a "strong-buy" rating in a report on Wednesday, September 3rd. Finally, Dbs Bank cut Li Auto from a "moderate buy" rating to a "hold" rating in a report on Friday, August 29th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, Li Auto presently has an average rating of "Hold" and an average price target of $26.26.
Check Out Our Latest Stock Report on LI
Li Auto Price Performance
Li Auto stock opened at $25.43 on Monday. The stock has a market capitalization of $26.63 billion, a price-to-earnings ratio of 24.22 and a beta of 0.97. Li Auto has a 52-week low of $19.10 and a 52-week high of $33.12. The stock's 50 day moving average price is $25.56 and its two-hundred day moving average price is $26.18. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.57 and a current ratio of 1.73.
Hedge Funds Weigh In On Li Auto
Institutional investors have recently modified their holdings of the company. Elevation Point Wealth Partners LLC acquired a new position in shares of Li Auto during the second quarter worth approximately $27,000. MAI Capital Management raised its position in Li Auto by 2,236.0% in the 2nd quarter. MAI Capital Management now owns 1,168 shares of the company's stock valued at $32,000 after buying an additional 1,118 shares during the last quarter. SVB Wealth LLC purchased a new stake in Li Auto in the 1st quarter valued at $33,000. Summit Securities Group LLC purchased a new stake in Li Auto in the 1st quarter valued at $50,000. Finally, CX Institutional purchased a new stake in Li Auto in the 1st quarter valued at $72,000. 9.88% of the stock is owned by institutional investors and hedge funds.
Li Auto Company Profile
(
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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.
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