Li Auto (NASDAQ:LI) Trading Down 5.3% - Should You Sell?

Li Auto Inc. (NASDAQ:LI - Get Free Report) shares traded down 5.3% during trading on Monday . The company traded as low as $24.10 and last traded at $24.15. 3,141,457 shares changed hands during trading, a decline of 59% from the average session volume of 7,681,529 shares. The stock had previously closed at $25.49.

Wall Street Analysts Forecast Growth

Several brokerages have commented on LI. Macquarie reiterated a "neutral" rating and set a $33.00 target price (up previously from $25.00) on shares of Li Auto in a research report on Friday, October 4th. Barclays upped their price objective on Li Auto from $22.00 to $31.00 and gave the company an "equal weight" rating in a report on Monday, November 4th. Finally, Citigroup raised their target price on Li Auto from $25.50 to $29.60 and gave the stock a "neutral" rating in a report on Monday, September 30th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Li Auto currently has an average rating of "Moderate Buy" and a consensus price target of $33.94.

Li Auto Trading Down 4.8 %

The company has a quick ratio of 1.64, a current ratio of 1.76 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $25.75 billion, a P/E ratio of 17.98, a price-to-earnings-growth ratio of 2.13 and a beta of 0.94. The company has a fifty day simple moving average of $24.06 and a two-hundred day simple moving average of $22.16.

Institutional Trading of Li Auto

Hedge funds have recently bought and sold shares of the stock. Van ECK Associates Corp raised its stake in shares of Li Auto by 4.1% in the 2nd quarter. Van ECK Associates Corp now owns 210,987 shares of the company's stock valued at $3,772,000 after purchasing an additional 8,402 shares during the period. American Century Companies Inc. grew its holdings in shares of Li Auto by 20.5% during the second quarter. American Century Companies Inc. now owns 726,684 shares of the company's stock worth $12,993,000 after buying an additional 123,838 shares in the last quarter. Hsbc Holdings PLC raised its position in Li Auto by 8.1% in the 2nd quarter. Hsbc Holdings PLC now owns 344,226 shares of the company's stock valued at $6,154,000 after buying an additional 25,800 shares during the last quarter. Pacer Advisors Inc. bought a new stake in Li Auto in the 2nd quarter valued at approximately $1,747,000. Finally, Profund Advisors LLC boosted its position in Li Auto by 28.0% during the 2nd quarter. Profund Advisors LLC now owns 59,950 shares of the company's stock worth $1,072,000 after acquiring an additional 13,124 shares during the last quarter. 9.88% of the stock is currently owned by institutional investors and hedge funds.

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.