Li Auto Sees Unusually Large Options Volume (NASDAQ:LI)

Key Points

• Li Auto Inc. experienced a significant increase in options trading, with 26,511 call options traded, marking a nearly 99% increase over typical volumes.
• The company's stock rose $1.78 to $26.26 on Monday, with a total of over 6 million shares exchanged, surpassing its average volume.
• Analyst ratings for Li Auto are varied, with Macquarie downgrading its rating to underperform and setting a new price target of $21.00, while Daiwa America has given it a strong-buy rating.

Li Auto Inc. Sponsored ADR (NASDAQ:LI - Get Free Report) was the recipient of some unusual options trading activity on Monday. Traders acquired 26,511 call options on the stock. This represents an increase of approximately 99% compared to the typical volume of 13,339 call options.

Li Auto Stock Performance

Shares of Li Auto stock traded up $1.78 on Monday, reaching $26.26. 6,196,112 shares of the stock were exchanged, compared to its average volume of 5,493,158. Li Auto has a 1-year low of $18.65 and a 1-year high of $33.12. The company has a current ratio of 1.73, a quick ratio of 1.57 and a debt-to-equity ratio of 0.03. The business has a fifty day moving average price of $25.88 and a two-hundred day moving average price of $26.30. The firm has a market capitalization of $27.50 billion, a PE ratio of 25.02 and a beta of 0.97.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Macquarie cut shares of Li Auto from a "neutral" rating to an "underperform" rating and decreased their price target for the company from $28.00 to $21.00 in a research report on Friday, August 22nd. Cfra Research raised shares of Li Auto from a "strong sell" rating to a "hold" rating in a research report on Tuesday, June 10th. Bank of America cut shares of Li Auto from a "buy" rating to a "neutral" rating and set a $26.00 price objective for the company. in a research report on Thursday, August 28th. Daiwa America raised shares of Li Auto to a "strong-buy" rating in a research report on Wednesday, September 3rd. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and issued a $28.00 price target (down from $33.00) on shares of Li Auto in a research report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Reduce" and an average target price of $26.26.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Elevation Point Wealth Partners LLC acquired a new position in Li Auto during the second quarter worth about $27,000. MAI Capital Management grew its position in Li Auto by 2,236.0% during the second quarter. MAI Capital Management now owns 1,168 shares of the company's stock worth $32,000 after buying an additional 1,118 shares during the period. SVB Wealth LLC acquired a new position in Li Auto during the first quarter worth about $33,000. Summit Securities Group LLC acquired a new position in Li Auto during the first quarter worth about $50,000. Finally, CX Institutional acquired a new position in Li Auto during the first quarter worth about $72,000. 9.88% of the stock is currently owned by institutional investors and hedge funds.

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.

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