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

Li Auto Inc. (NASDAQ:LI) was the target of unusually large options trading activity on Wednesday. Traders acquired 95,208 call options on the stock. This is an increase of approximately 327% compared to the typical volume of 22,310 call options.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LI. Mirae Asset Global Investments Co. Ltd. lifted its stake in Li Auto by 2,556.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,630,537 shares of the company’s stock valued at $93,503,000 after purchasing an additional 3,493,881 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Li Auto during the 2nd quarter valued at $21,626,000. SIH Partners LLLP grew its stake 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 worth $26,976,000 after acquiring an additional 744,419 shares during the period. Ariose Capital Management Ltd purchased a new stake in Li Auto in the 3rd quarter worth about $18,099,000. Finally, FIFTHDELTA Ltd bought a new stake in Li Auto in the 1st quarter valued at about $14,816,000. 9.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LI has been the topic of several research reports. Macquarie reaffirmed a “neutral” rating and set a $33.00 price target (up from $25.00) on shares of Li Auto in a report on Friday, October 4th. Citigroup lifted their price target on Li Auto from $25.50 to $29.60 and gave the company a “neutral” rating in a research note on Monday, September 30th. Bank of America boosted their price target on Li Auto from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Li Auto from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Thursday, August 29th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $32.66.

Li Auto Stock Up 1.8 %

Shares of LI stock traded up $0.52 on Wednesday, reaching $28.94. 10,661,907 shares of the company were exchanged, compared to its average volume of 8,036,293. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.76 and a quick ratio of 1.63. The company has a 50-day moving average of $23.59 and a 200-day moving average of $22.31. The company has a market cap of $30.71 billion, a price-to-earnings ratio of 20.58, a PEG ratio of 5.33 and a beta of 0.98. Li Auto has a one year low of $17.44 and a one year high of $46.44.

Li Auto (NASDAQ:LI) last released its quarterly earnings data on Wednesday, August 28th. The company reported $0.14 earnings per share for the quarter. The firm had revenue of $4.36 billion for the quarter. Li Auto had a net margin of 7.65% and a return on equity of 13.70%. Analysts anticipate that Li Auto will post 1.04 earnings per share for the current year.

About Li Auto

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.