Citigroup Boosts Li Auto (NASDAQ:LI) Price Target to $29.60

Li Auto (NASDAQ:LI) had its target price boosted by Citigroup from $25.50 to $29.60 in a research report report published on Monday morning, Benzinga reports. They currently have a neutral rating on the stock.

LI has been the subject of a number of other research reports. Bank of America lifted their price objective on shares of Li Auto from $30.00 to $31.00 and gave the company a buy rating in a report on Thursday, August 29th. JPMorgan Chase & Co. decreased their target price on Li Auto from $21.00 to $19.00 and set a neutral rating for the company in a research report on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $33.66.

Li Auto Trading Up 4.5 %

Shares of LI opened at $29.90 on Monday. The company’s fifty day simple moving average is $20.67 and its 200-day simple moving average is $22.88. The company has a market cap of $31.72 billion, a P/E ratio of 19.93 and a beta of 0.98. The company has a current ratio of 1.76, a quick ratio of 1.63 and a debt-to-equity ratio of 0.14. Li Auto has a twelve month low of $17.44 and a twelve month high of $46.44.

Li Auto (NASDAQ:LI) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $0.14 earnings per share (EPS) for the quarter. The business had revenue of $4.36 billion during the quarter. Li Auto had a net margin of 7.65% and a return on equity of 13.70%.

Institutional Investors Weigh In On Li Auto

A number of institutional investors have recently added to or reduced their stakes in the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Li Auto during the second quarter valued at approximately $21,626,000. SIH Partners LLLP lifted its holdings in shares of Li Auto by 508.2% during the 1st quarter. SIH Partners LLLP now owns 890,900 shares of the company’s stock valued at $26,976,000 after purchasing an additional 744,419 shares during the last quarter. Franchise Capital Ltd boosted its position in shares of Li Auto by 163.2% in the 4th quarter. Franchise Capital Ltd now owns 975,250 shares of the company’s stock worth $36,504,000 after purchasing an additional 604,773 shares in the last quarter. FIFTHDELTA Ltd acquired a new stake in shares of Li Auto in the 1st quarter worth $14,816,000. Finally, OLD Mission Capital LLC purchased a new position in Li Auto during the 4th quarter worth $17,696,000. Institutional investors own 9.88% of the company’s stock.

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.