Li Auto (NASDAQ:LI - Get Free Report) was downgraded by stock analysts at Macquarie from an "outperform" rating to a "neutral" rating in a research report issued to clients and investors on Monday, MarketBeat Ratings reports. They presently have a $27.00 target price on the stock. Macquarie's price target would suggest a potential upside of 2.27% from the stock's previous close.
Several other equities analysts have also weighed in on the stock. HSBC set a $38.50 price objective on shares of Li Auto and gave the company a "buy" rating in a research report on Thursday, March 6th. JPMorgan Chase & Co. raised shares of Li Auto from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $22.00 to $40.00 in a research note on Friday, February 28th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $35.73.
Get Our Latest Research Report on Li Auto
Li Auto Stock Down 1.3 %
LI stock traded down $0.36 during mid-day trading on Monday, hitting $26.40. The stock had a trading volume of 4,055,713 shares, compared to its average volume of 7,223,451. The stock has a market capitalization of $28.01 billion, a price-to-earnings ratio of 19.56, a PEG ratio of 3.27 and a beta of 0.86. The company has a current ratio of 1.76, a quick ratio of 1.64 and a debt-to-equity ratio of 0.13. Li Auto has a 1-year low of $17.44 and a 1-year high of $33.12. The company has a fifty day moving average of $25.83 and a 200 day moving average of $24.55.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas increased its stake 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 purchasing an additional 1,500 shares during the period. Avior Wealth Management LLC increased its position in Li Auto by 708.5% in the 3rd quarter. Avior Wealth Management LLC now owns 2,385 shares of the company's stock worth $61,000 after buying an additional 2,090 shares during the period. Daiwa Securities Group Inc. lifted its holdings in shares of Li Auto by 16.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the company's stock worth $84,000 after buying an additional 500 shares during the last quarter. Blue Trust Inc. boosted its position in shares of 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 during the period. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Li Auto in the fourth quarter valued at approximately $129,000. 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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