Li Auto Inc. (NASDAQ:LI) Given Average Rating of "Buy" by Analysts

Shares of Li Auto Inc. (NASDAQ:LI - Get Free Report) have earned an average rating of "Buy" from the seven brokerages that are currently covering the company, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $47.36.

LI has been the subject of a number of research reports. The Goldman Sachs Group started coverage on shares of Li Auto in a research report on Wednesday, January 3rd. They issued a "buy" rating for the company. Macquarie initiated coverage on Li Auto in a research report on Monday. They issued an "outperform" rating and a $40.00 target price on the stock. Morgan Stanley reduced their price target on Li Auto from $74.00 to $65.00 and set an "overweight" rating for the company in a research report on Monday, March 25th. Deutsche Bank Aktiengesellschaft raised Li Auto from a "hold" rating to a "buy" rating and lowered their price target for the stock from $45.00 to $41.00 in a research report on Tuesday, February 6th. Finally, Citigroup cut their price objective on Li Auto from $57.30 to $48.50 and set a "buy" rating for the company in a report on Friday, March 22nd.

Li Auto Price Performance

NASDAQ LI traded down $2.80 on Friday, hitting $26.38. 12,102,016 shares of the company were exchanged, compared to its average volume of 8,039,418. Li Auto has a 1-year low of $21.48 and a 1-year high of $47.33. The company has a market cap of $27.99 billion, a P/E ratio of 17.02 and a beta of 1.04. The company has a current ratio of 1.57, a quick ratio of 1.48 and a debt-to-equity ratio of 0.03. The firm has a 50 day moving average of $33.56 and a two-hundred day moving average of $34.09.

Li Auto (NASDAQ:LI - Get Free Report) last issued its earnings results on Monday, February 26th. The company reported $0.49 EPS for the quarter. The company had revenue of $5.88 billion during the quarter. Li Auto had a net margin of 9.44% and a return on equity of 18.37%. On average, equities analysts predict that Li Auto will post 1.97 EPS for the current year.

Hedge Funds Weigh In On Li Auto

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. E Fund Management Hong Kong Co. Ltd. boosted its position in Li Auto by 137.9% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 325,772 shares of the company's stock worth $8,226,000 after buying an additional 188,828 shares during the period. US Bancorp DE lifted its holdings in shares of Li Auto by 20.2% during the first quarter. US Bancorp DE now owns 3,890 shares of the company's stock worth $100,000 after purchasing an additional 653 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in shares of Li Auto by 67.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 11,177 shares of the company's stock worth $288,000 after purchasing an additional 4,485 shares during the last quarter. HighTower Advisors LLC acquired a new stake in Li Auto in the first quarter valued at $966,000. Finally, APG Asset Management N.V. raised its position in Li Auto by 29.5% during the 1st quarter. APG Asset Management N.V. now owns 86,520 shares of the company's stock worth $2,007,000 after purchasing an additional 19,700 shares during the last quarter. Institutional investors own 9.88% of the company's stock.

About Li Auto

Li Auto Inc, through its subsidiaries, 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 also offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment.