Li Auto (NASDAQ:LI) Shares Gap Down - Should You Sell?

Li Auto Inc. (NASDAQ:LI - Get Free Report)'s share price gapped down prior to trading on Monday . The stock had previously closed at $30.73, but opened at $28.42. Li Auto shares last traded at $27.57, with a volume of 3,596,617 shares changing hands.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Barclays upped their target price on shares of Li Auto from $22.00 to $31.00 and gave the company an "equal weight" rating in a research note on Monday, November 4th. Macquarie raised shares of Li Auto from a "neutral" rating to an "outperform" rating in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. upgraded Li Auto from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $22.00 to $40.00 in a research note on Friday. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $36.27.

Li Auto Trading Down 10.9 %

The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.64 and a current ratio of 1.76. The stock has a market cap of $29.04 billion, a P/E ratio of 20.27, a P/E/G ratio of 3.27 and a beta of 0.92. The company has a 50-day simple moving average of $24.83 and a 200-day simple moving average of $23.90.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Signaturefd LLC lifted its holdings in 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 buying an additional 428 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of Li Auto by 16.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the company's stock valued at $84,000 after acquiring an additional 500 shares during the period. Laird Norton Wetherby Wealth Management LLC lifted its stake 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 valued at $604,000 after acquiring an additional 547 shares during the period. Amundi lifted its stake in shares of Li Auto by 1.2% during 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 period. Finally, First Trust Advisors LP lifted its stake in shares of Li Auto by 15.2% during the fourth quarter. First Trust Advisors LP now owns 10,014 shares of the company's stock valued at $240,000 after acquiring an additional 1,324 shares during the period. Institutional investors and hedge funds 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.