According to Bloomberg Ratings, the eleven rating agencies that presently keep track of Li Auto Inc. (NASDAQ: LI) have given the company an average “buy” recommendation. In addition, a buy recommendation has been made for the company by nine equity analysts. Analysts who have graded the stock in the past year have set an average price target of $40.60.
Several equity research analysts have recently released reports on LI shares. In a research report published on Monday, August 8th, CLSA started covering Li Auto shares. They gave the business a “buy” grade. Barclays lowered their price target on shares of Li Auto from $40.00 to $25.00 and reiterated an “overweight” rating in a research report released on Friday, October 28th. Finally, TheStreet downgraded shares of Li Auto from a “c” rating to a “d+” rating in a research note released on Monday, September 12th.
LI’s opening rate on Thursday was $17.33. The company’s two-hundred-day moving average is $27.01, and its fifty-day moving average is $19.86. The company has a debt-to-equity ratio of 0.19, a quick ratio of 3.08, and a current ratio of 3.25. The business has a market value of $18.6 billion, a PE ratio of -346.53, and a beta of 0.26. Li Auto’s price points ranged from $12.52 to $41.49 during the preceding year.
A few hedge funds and institutional investors recently changed the percentage of the company they owned. Tiger Global Management LLC increased its stake in Li Auto by 167.3% during the first quarter. Tiger Global Management LLC now owns 19,791,714 shares, valued at $510,824,000, up from its prior holdings of 12,388,725 at the closing. Renaissance Technologies LLC increased its stake in Li Auto by 106.0% during the third quarter. Renaissance Technologies LLC now owns 12,419,600 shares, worth $285,775,000, after acquiring an additional 6,390,700 shares over the last three months. Brilliance Asset Management Ltd. increased its stake in Li Auto by 410.0% during the second quarter. After investing in the business for three months, Brilliance Asset Management Ltd. currently owns 4,441,064 shares for a total value of $170,137,000. This represents a share increase of 3,570,232. Finally, two Sigma Advisers LP increased its stake in Li Auto by 152.3% in the third quarter. Two Sigma Advisers LP now directly owns 3,629,800 shares worth $83,522,000 after acquiring an additional 2,190,900 shares during the most recent quarter.
Last but not least, Bridgewater Associates LP increased its stake in Li Auto by 115.6% during the first quarter. Bridgewater Associates LP now directly owns 3,356,105 shares of the company, valued at $86,621,000, after purchasing an additional 1,799,177 shares over the last quarter. Institutional investors and hedge funds now own 21.99% of the stock.
Li Auto Inc. creates, develops, manufactures, and markets new energy cars in the People’s Republic of China through its subsidiaries. The company is selling the Li ONE, an electric sport utility vehicle with six seats, ADAS navigation, automated emergency braking, and smart car technologies.