Shares of Li Auto Inc. (NASDAQ:LI - Get Free Report) traded down 5.1% during trading on Thursday . The company traded as low as $24.87 and last traded at $24.95. 1,750,173 shares were traded during trading, a decline of 59% from the average session volume of 4,311,561 shares. The stock had previously closed at $26.30.
Analyst Upgrades and Downgrades
LI has been the topic of several research analyst reports. Barclays raised their price objective on shares of Li Auto from $22.00 to $31.00 and gave the stock an "equal weight" rating in a research note on Monday, November 4th. Macquarie upgraded shares of Li Auto from a "neutral" rating to an "outperform" rating in a research report on Thursday, February 6th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $32.77.
Get Our Latest Analysis on LI
Li Auto Stock Up 2.5 %
The firm has a market capitalization of $27.42 billion, a price-to-earnings ratio of 19.14, a price-to-earnings-growth ratio of 1.39 and a beta of 0.92. The business has a 50 day moving average of $23.66 and a 200 day moving average of $23.21. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.76 and a quick ratio of 1.64.
Hedge Funds Weigh In On Li Auto
Hedge funds have recently made changes to their positions in the business. Signaturefd LLC increased its position in shares of Li Auto by 4.4% during the 4th quarter. Signaturefd LLC now owns 10,184 shares of the company's stock worth $244,000 after purchasing an additional 428 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in Li Auto by 16.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the company's stock worth $84,000 after buying an additional 500 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC increased its holdings in shares of Li Auto by 2.2% during the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 25,174 shares of the company's stock worth $604,000 after buying an additional 547 shares in the last quarter. Amundi raised its stake in shares of Li Auto by 1.2% in the fourth quarter. Amundi now owns 78,098 shares of the company's stock valued at $1,811,000 after acquiring an additional 888 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of Li Auto by 55.9% in the 3rd quarter. Blue Trust Inc. now owns 3,043 shares of the company's stock worth $78,000 after acquiring an additional 1,091 shares in the last quarter. Institutional investors and hedge funds own 9.88% of the company's stock.
Li Auto Company Profile
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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.
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