Li Auto (NASDAQ:LI) Cut to Neutral at Macquarie

Macquarie cut shares of Li Auto (NASDAQ:LI) from an outperform rating to a neutral rating in a research note issued to investors on Monday, Marketbeat reports. The firm currently has $27.00 price target on the stock.

Other equities analysts also recently issued research reports about the company. HSBC set a $38.50 price target on Li Auto and gave the company a “buy” rating in a report on Thursday, March 6th. JPMorgan Chase & Co. upgraded Li Auto from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $22.00 to $40.00 in a research note on Friday, February 28th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $35.73.

Li Auto Trading Down 0.4 %

NASDAQ:LI opened at $27.52 on Monday. Li Auto has a 52 week low of $17.44 and a 52 week high of $34.10. 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 price is $25.76 and its 200 day moving average price is $24.53. The company has a market capitalization of $29.20 billion, a P/E ratio of 20.39, a P/E/G ratio of 3.27 and a beta of 0.86.

Institutional Trading of Li Auto

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LI. RWC Asset Advisors US LLC boosted its holdings in Li Auto by 20.0% during the fourth quarter. RWC Asset Advisors US LLC now owns 3,181,050 shares of the company’s stock worth $76,313,000 after buying an additional 530,390 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Li Auto by 27.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 432,988 shares of the company’s stock worth $11,106,000 after buying an additional 93,904 shares during the last quarter. Atomi Financial Group Inc. bought a new position in Li Auto during the fourth quarter worth about $271,000. Barclays PLC boosted its holdings in Li Auto by 41.8% during the third quarter. Barclays PLC now owns 602,028 shares of the company’s stock worth $15,442,000 after buying an additional 177,414 shares during the last quarter. Finally, Ping Capital Management Inc. boosted its holdings in Li Auto by 161.9% during the fourth quarter. Ping Capital Management Inc. now owns 27,500 shares of the company’s stock worth $660,000 after buying an additional 17,000 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.