Shares of Li Auto Inc. (NASDAQ:LI - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $23.85, but opened at $23.18. Li Auto shares last traded at $23.14, with a volume of 365,959 shares trading hands.
Analysts Set New Price Targets
LI has been the topic of several research analyst reports. Nomura Securities raised Li Auto to a "hold" rating in a research note on Monday, March 17th. Cfra Research upgraded Li Auto to a "strong sell" rating in a report on Friday, March 21st. Macquarie cut Li Auto from an "outperform" rating to a "neutral" rating and set a $27.00 target price for the company. in a research note on Monday, March 17th. HSBC set a $38.50 price target on shares of Li Auto and gave the company a "buy" rating in a research note on Thursday, March 6th. Finally, JPMorgan Chase & Co. raised shares of Li Auto from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $22.00 to $40.00 in a research report on Friday, February 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Li Auto presently has an average rating of "Hold" and an average target price of $35.73.
Read Our Latest Research Report on LI
Li Auto Trading Up 1.8 %
The business has a 50-day moving average of $25.99 and a 200-day moving average of $24.86. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.76 and a quick ratio of 1.64. The firm has a market cap of $24.22 billion, a price-to-earnings ratio of 17.13, a P/E/G ratio of 3.27 and a beta of 0.94.
Institutional Trading of Li Auto
Large investors have recently added to or reduced their stakes in the company. LMR Partners LLP acquired a new stake in Li Auto in the 4th quarter valued at about $16,266,000. OLD Mission Capital LLC acquired a new stake in shares of Li Auto in the fourth quarter valued at approximately $14,704,000. RWC Asset Advisors US LLC lifted its position in shares of Li Auto by 20.0% in the fourth quarter. RWC Asset Advisors US LLC now owns 3,181,050 shares of the company's stock valued at $76,313,000 after buying an additional 530,390 shares during the last quarter. Myriad Asset Management US LP acquired a new position in shares of Li Auto during the 1st quarter worth approximately $9,913,000. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Li Auto in the 4th quarter valued at $8,923,000. Institutional investors and hedge funds 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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