Li Auto (NASDAQ:LI) Stock Price Down 4% – Should You Sell?

Li Auto Inc. (NASDAQ:LI)’s share price fell 4% during trading on Monday . The company traded as low as $25.87 and last traded at $26.36. 1,942,689 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 7,244,907 shares. The stock had previously closed at $27.46.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. upgraded Li Auto from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $22.00 to $40.00 in a research report on Friday, February 28th. Macquarie downgraded Li Auto from an “outperform” rating to a “neutral” rating and set a $27.00 target price for the company. in a research report on Monday. Finally, HSBC set a $38.50 target price on Li Auto and gave the stock a “buy” rating in a research report on Thursday, March 6th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Li Auto has a consensus rating of “Moderate Buy” and a consensus target price of $35.73.

Li Auto Stock Down 1.6 %

The firm has a 50-day moving average price of $25.53 and a two-hundred day moving average price of $24.40. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.76 and a quick ratio of 1.64. The company has a market capitalization of $28.68 billion, a price-to-earnings ratio of 20.03, a PEG ratio of 3.27 and a beta of 0.86.

Institutional Trading of Li Auto

Several institutional investors and hedge funds have recently bought and sold shares of the business. Aspex Management HK Ltd raised its stake in Li Auto by 55.0% in the third quarter. Aspex Management HK Ltd now owns 10,643,926 shares of the company’s stock valued at $273,017,000 after buying an additional 3,778,463 shares during the period. Renaissance Technologies LLC raised its stake in Li Auto by 1.3% in the fourth quarter. Renaissance Technologies LLC now owns 7,800,639 shares of the company’s stock valued at $187,137,000 after buying an additional 99,539 shares during the period. FMR LLC raised its stake in Li Auto by 422.4% in the third quarter. FMR LLC now owns 4,252,398 shares of the company’s stock valued at $109,074,000 after buying an additional 3,438,410 shares during the period. Brilliance Asset Management Ltd. raised its stake in Li Auto by 0.7% in the fourth quarter. Brilliance Asset Management Ltd. now owns 3,508,642 shares of the company’s stock valued at $84,172,000 after buying an additional 24,416 shares during the period. Finally, RWC Asset Advisors US LLC raised its stake in Li Auto by 20.0% in the fourth quarter. RWC Asset Advisors US LLC now owns 3,181,050 shares of the company’s stock valued at $76,313,000 after buying an additional 530,390 shares during the period. Institutional investors own 9.88% of the company’s stock.

About Li Auto

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.