Li Auto (NASDAQ:LI - Get Free Report) was upgraded by analysts at Nomura Securities to a "hold" rating in a report released on Monday, March 17th,Zacks.com reports.
Several other research firms have also recently weighed in on LI. Macquarie cut shares of 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. JPMorgan Chase & Co. raised Li Auto from a "neutral" rating to an "overweight" rating and increased their price target for the company from $22.00 to $40.00 in a research note on Friday, February 28th. Finally, HSBC set a $38.50 price objective on Li Auto and gave the stock a "buy" rating in a research note on Thursday, March 6th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Li Auto presently has an average rating of "Moderate Buy" and an average price target of $35.73.
Check Out Our Latest Analysis on LI
Li Auto Price Performance
LI stock traded down $0.22 during midday trading on Monday, hitting $26.18. The company's stock had a trading volume of 5,038,007 shares, compared to its average volume of 7,156,019. The company has a quick ratio of 1.64, a current ratio of 1.76 and a debt-to-equity ratio of 0.13. Li Auto has a 12 month low of $17.44 and a 12 month high of $33.12. The company has a 50 day moving average of $26.00 and a two-hundred day moving average of $24.73. The firm has a market capitalization of $27.78 billion, a price-to-earnings ratio of 19.39, a price-to-earnings-growth ratio of 3.27 and a beta of 0.86.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the company. BNP Paribas raised its holdings in shares of Li Auto by 300.0% in the third quarter. BNP Paribas now owns 2,000 shares of the company's stock worth $51,000 after buying an additional 1,500 shares during the period. Avior Wealth Management LLC raised its position in Li Auto by 708.5% during the 3rd quarter. Avior Wealth Management LLC now owns 2,385 shares of the company's stock valued at $61,000 after purchasing an additional 2,090 shares in the last quarter. 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. Harvest Fund Management Co. Ltd purchased a new stake in shares of Li Auto in the 4th quarter worth approximately $129,000. Finally, Blue Trust Inc. boosted its position in Li Auto by 66.2% during the 4th 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. Institutional investors own 9.88% of the company's stock.
Li Auto Company Profile
(
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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