Macquarie Reaffirms "Neutral" Rating for Li Auto (NASDAQ:LI)

Macquarie reiterated their neutral rating on shares of Li Auto (NASDAQ:LI - Free Report) in a research note published on Friday morning, MarketBeat.com reports. The firm currently has a $33.00 target price on the stock, up from their previous target price of $25.00.

A number of other equities research analysts also recently weighed in on the company. Bank of America lifted their target price on Li Auto from $30.00 to $31.00 and gave the stock a buy rating in a report on Thursday, August 29th. JPMorgan Chase & Co. dropped their price objective on shares of Li Auto from $21.00 to $19.00 and set a neutral rating for the company in a research note on Thursday, August 29th. Finally, Citigroup boosted their price objective on shares of Li Auto from $25.50 to $29.60 and gave the company a neutral rating in a report on Monday. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $32.66.

Li Auto Stock Performance

Li Auto stock traded up $0.46 during mid-day trading on Friday, hitting $29.29. 11,080,650 shares of the company's stock traded hands, compared to its average volume of 8,039,991. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.76 and a quick ratio of 1.63. The firm has a 50 day simple moving average of $20.87 and a two-hundred day simple moving average of $22.92. Li Auto has a fifty-two week low of $17.44 and a fifty-two week high of $46.44. The stock has a market cap of $31.07 billion, a price-to-earnings ratio of 19.52 and a beta of 0.98.

Li Auto (NASDAQ:LI - Get Free Report) last posted its earnings results on Wednesday, August 28th. The company reported $0.14 earnings per share (EPS) for the quarter. The company had revenue of $4.36 billion during the quarter. Li Auto had a net margin of 7.65% and a return on equity of 13.70%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Scarborough Advisors LLC acquired a new position in Li Auto during the fourth quarter worth about $41,000. Harel Insurance Investments & Financial Services Ltd. increased its position in Li Auto by 58.7% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,549 shares of the company's stock worth $28,000 after purchasing an additional 573 shares in the last quarter. Blue Trust Inc. lifted its stake in Li Auto by 1,707.4% in the 2nd quarter. Blue Trust Inc. now owns 1,952 shares of the company's stock valued at $35,000 after purchasing an additional 1,844 shares during the last quarter. Barometer Capital Management Inc. bought a new position in Li Auto in the 4th quarter valued at approximately $135,000. Finally, Ballentine Partners LLC boosted its position in Li Auto by 20.6% in the first quarter. Ballentine Partners LLC now owns 7,199 shares of the company's stock valued at $218,000 after buying an additional 1,232 shares in the last quarter. 9.88% of the stock is owned by institutional investors.

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.