Li Auto (NASDAQ:LI) Shares Up 3.4% – Here’s Why

Shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI) traded up 3.4% during trading on Friday . The company traded as high as $17.41 and last traded at $17.3550. 2,250,117 shares traded hands during trading, a decline of 57% from the average session volume of 5,233,622 shares. The stock had previously closed at $16.78.

Wall Street Analyst Weigh In

LI has been the subject of several analyst reports. HSBC reissued a “hold” rating and issued a $18.60 price target (down previously from $30.30) on shares of Li Auto in a research note on Wednesday, December 3rd. Daiwa America raised Li Auto to a “strong-buy” rating in a research note on Wednesday, September 3rd. Zacks Research upgraded Li Auto from a “strong sell” rating to a “hold” rating in a research report on Monday, September 29th. Bank of America cut Li Auto from a “buy” rating to a “neutral” rating and set a $26.00 price target for the company. in a report on Thursday, August 28th. Finally, Dbs Bank lowered shares of Li Auto from a “moderate buy” rating to a “hold” rating in a report on Friday, August 29th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, thirteen have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $21.66.

Li Auto Trading Up 3.4%

The stock has a market cap of $18.17 billion, a price-to-earnings ratio of 29.92 and a beta of 0.50. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.67 and a current ratio of 1.80. The company has a 50 day moving average of $18.95 and a 200-day moving average of $23.53.

Institutional Investors Weigh In On Li Auto

A number of hedge funds have recently added to or reduced their stakes in the business. Elevation Point Wealth Partners LLC purchased a new position in Li Auto in the second quarter valued at $27,000. MAI Capital Management boosted its stake in shares of 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 period. SVB Wealth LLC acquired a new position in shares of Li Auto during the first quarter worth about $33,000. Mizuho Securities Co. Ltd. acquired a new position in shares of Li Auto during the second quarter worth about $107,000. Finally, Hantz Financial Services Inc. increased its stake in shares of Li Auto by 1,196.9% during the second quarter. Hantz Financial Services Inc. now owns 4,150 shares of the company’s stock worth $113,000 after buying an additional 3,830 shares during the period. 9.88% of the stock is currently owned by institutional investors and hedge funds.

Li Auto Company Profile

Li Auto Inc is a Chinese automotive company that develops, manufactures and sells smart electric vehicles, with an early focus on range-extended electric SUVs designed for family use. The company is headquartered in China and serves the domestic market through a combination of online channels and a network of retail/showroom locations. Li Auto was founded to address range-anxiety in electric vehicle buyers by integrating a small internal-combustion engine as a range extender alongside a large battery, enabling longer driving range while retaining electric driving characteristics.

The company’s product lineup centers on multi‑occupant SUVs that combine electric propulsion, advanced in‑vehicle connectivity and driver‑assistance features.