Li Auto Inc. (NASDAQ:LI - Get Free Report)'s stock price gapped down before the market opened 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.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on LI shares. Macquarie raised Li Auto from a "neutral" rating to an "outperform" rating in a report on Thursday, February 6th. JPMorgan Chase & Co. raised Li Auto from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $22.00 to $40.00 in a report on Friday, February 28th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $36.27.
Check Out Our Latest Stock Report on Li Auto
Li Auto Price Performance
The stock has a 50 day moving average of $25.09 and a two-hundred day moving average of $24.09. The stock has a market cap of $30.79 billion, a PE ratio of 21.50, a PEG ratio of 3.27 and a beta of 0.86. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.64 and a current ratio of 1.76.
Hedge Funds Weigh In On Li Auto
A number of institutional investors have recently bought and sold shares of the stock. Aspex Management HK Ltd increased its stake in Li Auto by 55.0% in the 3rd quarter. Aspex Management HK Ltd now owns 10,643,926 shares of the company's stock worth $273,017,000 after purchasing an additional 3,778,463 shares in the last quarter. Renaissance Technologies LLC boosted its position in Li Auto by 1.3% during the 4th quarter. Renaissance Technologies LLC now owns 7,800,639 shares of the company's stock worth $187,137,000 after acquiring an additional 99,539 shares during the period. FMR LLC boosted its position in Li Auto by 422.4% during the 3rd quarter. FMR LLC now owns 4,252,398 shares of the company's stock worth $109,074,000 after acquiring an additional 3,438,410 shares during the period. Brilliance Asset Management Ltd. boosted its position in Li Auto by 0.7% during the 4th quarter. Brilliance Asset Management Ltd. now owns 3,508,642 shares of the company's stock worth $84,172,000 after acquiring an additional 24,416 shares during the period. Finally, RWC Asset Advisors US LLC boosted its position in Li Auto by 20.0% during the 4th quarter. RWC Asset Advisors US LLC now owns 3,181,050 shares of the company's stock worth $76,313,000 after acquiring an additional 530,390 shares during the period. Hedge funds and other institutional investors own 9.88% of the company's stock.
About Li Auto
(
Get Free Report)
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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