Li Auto Inc. (NASDAQ:LI - Get Free Report) shares fell 4% during trading on Monday . The company traded as low as $25.87 and last traded at $26.36. 1,942,689 shares were traded during trading, a decline of 73% from the average session volume of 7,244,907 shares. The stock had previously closed at $27.46.
Wall Street Analyst Weigh In
LI has been the subject of several research analyst reports. Macquarie cut Li Auto from an "outperform" rating to a "neutral" rating and set a $27.00 price objective for the company. in a research note on Monday. Nomura Securities upgraded shares of Li Auto to a "hold" rating in a research note on Monday. HSBC set a $38.50 price objective on shares of Li Auto and gave the stock 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 upped their price target for the company from $22.00 to $40.00 in a report on Friday, February 28th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $35.73.
Check Out Our Latest Stock Analysis on LI
Li Auto Price Performance
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's 50-day moving average is $25.83 and its two-hundred day moving average is $24.55. The stock has a market cap of $28.01 billion, a PE ratio of 19.56, a PEG ratio of 3.27 and a beta of 0.86.
Institutional Trading of Li Auto
A number of large investors have recently made changes to their positions in the company. BNP Paribas boosted its holdings in Li Auto by 300.0% in the third quarter. BNP Paribas now owns 2,000 shares of the company's stock valued at $51,000 after purchasing an additional 1,500 shares in the last quarter. Avior Wealth Management LLC grew its position in shares of Li Auto by 708.5% in the 3rd quarter. Avior Wealth Management LLC now owns 2,385 shares of the company's stock valued at $61,000 after buying an additional 2,090 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in Li Auto by 16.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the company's stock worth $84,000 after acquiring an additional 500 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in Li Auto in the fourth quarter valued at $129,000. Finally, Blue Trust Inc. boosted its stake in Li Auto by 66.2% in the fourth quarter. Blue Trust Inc. now owns 5,058 shares of the company's stock valued at $130,000 after acquiring an additional 2,015 shares in the last quarter. 9.88% of the stock is currently owned by hedge funds and other institutional investors.
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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