Li Auto Inc. (NASDAQ:LI - Get Free Report) shares shot up 3.2% during trading on Wednesday . The stock traded as high as $27.01 and last traded at $26.86. 1,772,438 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 7,130,376 shares. The stock had previously closed at $26.04.
Analyst Ratings Changes
LI has been the topic of a number of recent research reports. Macquarie downgraded Li Auto from an "outperform" rating to a "neutral" rating and set a $27.00 price objective on the stock. in a research report on Monday, March 17th. Nomura Securities upgraded Li Auto to a "hold" rating in a report on Monday, March 17th. HSBC set a $38.50 price target on Li Auto and gave the stock a "buy" rating in a research report on Thursday, March 6th. Cfra Research upgraded shares of Li Auto to a "strong sell" rating in a research report on Friday, March 21st. Finally, JPMorgan Chase & Co. upgraded shares of Li Auto from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $22.00 to $40.00 in a report on Friday, February 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $35.73.
Read Our Latest Report on LI
Li Auto Stock Performance
The firm has a 50-day moving average price of $26.31 and a two-hundred day moving average price of $24.89. 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 capitalization of $27.08 billion, a P/E ratio of 18.90, a P/E/G ratio of 3.27 and a beta of 0.86.
Institutional Trading of Li Auto
Institutional investors and hedge funds have recently modified their holdings of the stock. Daiwa Securities Group Inc. lifted its stake in Li Auto by 16.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the company's stock worth $84,000 after acquiring an additional 500 shares during the period. Blue Trust Inc. lifted its position in shares of Li Auto by 66.2% in the 4th quarter. Blue Trust Inc. now owns 5,058 shares of the company's stock worth $130,000 after purchasing an additional 2,015 shares during the period. Harvest Fund Management Co. Ltd bought a new position in shares of Li Auto during the fourth quarter valued at approximately $129,000. SBI Securities Co. Ltd. purchased a new position in Li Auto during the fourth quarter valued at approximately $191,000. Finally, Ballentine Partners LLC bought a new position in Li Auto in the fourth quarter worth approximately $223,000. Institutional investors own 9.88% of the company's stock.
About Li Auto
(
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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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