Li Auto (NASDAQ:LI) Shares Gap Down to $29.45

Li Auto Inc. (NASDAQ:LI – Get Rating) shares gapped down prior to trading on Tuesday . The stock had previously closed at $29.45, but opened at $28.61. Li Auto shares last traded at $29.11, with a volume of 515,729 shares traded.

Analyst Ratings Changes

Several research analysts have weighed in on LI shares. Barclays boosted their price objective on Li Auto from $31.00 to $34.00 in a research report on Wednesday, May 10th. Citigroup boosted their target price on Li Auto from $48.00 to $51.50 and gave the company a “buy” rating in a research note on Thursday, February 9th. Bank of America increased their price target on Li Auto from $34.00 to $37.00 in a research note on Thursday, May 11th. TheStreet upgraded Li Auto from a “d” rating to a “c-” rating in a research note on Tuesday, April 18th. Finally, HSBC increased their target price on shares of Li Auto from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, March 3rd. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $35.74.

Li Auto Stock Up 0.3 %

The company has a market cap of $30.04 billion, a P/E ratio of -169.52 and a beta of 0.75. The company has a quick ratio of 1.98, a current ratio of 2.16 and a debt-to-equity ratio of 0.18. The company has a fifty day moving average of $24.93 and a 200 day moving average of $22.88.

Li Auto (NASDAQ:LI – Get Rating) last posted its quarterly earnings data on Monday, February 27th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.19) by $0.23. Li Auto had a negative return on equity of 2.32% and a negative net margin of 1.90%. The firm had revenue of $2.56 billion during the quarter. On average, research analysts anticipate that Li Auto Inc. will post 0.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Li Auto

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Captrust Financial Advisors boosted its holdings in shares of Li Auto by 584.1% in the first quarter. Captrust Financial Advisors now owns 1,074 shares of the company’s stock valued at $28,000 after purchasing an additional 917 shares during the period. Ronald Blue Trust Inc. increased its stake in shares of Li Auto by 177.4% during the fourth quarter. Ronald Blue Trust Inc. now owns 1,648 shares of the company’s stock valued at $38,000 after buying an additional 1,054 shares during the period. Y.D. More Investments Ltd bought a new stake in shares of Li Auto in the fourth quarter valued at about $45,000. Exchange Traded Concepts LLC lifted its stake in Li Auto by 36.8% in the first quarter. Exchange Traded Concepts LLC now owns 3,225 shares of the company’s stock worth $80,000 after acquiring an additional 868 shares during the period. Finally, Quadrant Capital Group LLC grew its holdings in Li Auto by 66.4% during the 3rd quarter. Quadrant Capital Group LLC now owns 3,735 shares of the company’s stock worth $86,000 after acquiring an additional 1,490 shares in the last quarter. Hedge funds and other institutional investors own 20.97% of the company’s stock.

Li Auto Company Profile

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Li Auto Inc, through its subsidiaries, designs, develops, manufactures, and sells new energy vehicles in the People's Republic of China. The company provides Li ONE, a six-seat smart electric sport utility vehicle that is equipped with smart vehicle solutions, navigation on ADAS, and automatic emergency breaking functionalities.