Li Auto (NASDAQ:LI) Trading Down 4.2%

Li Auto Inc. (NASDAQ:LI)’s stock price traded down 4.2% during trading on Friday . The company traded as low as $27.64 and last traded at $27.77. 3,137,070 shares changed hands during mid-day trading, a decline of 62% from the average session volume of 8,227,681 shares. The stock had previously closed at $28.98.

Wall Street Analyst Weigh In

LI has been the topic of a number of research analyst reports. Bank of America reduced their target price on Li Auto from $60.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, March 18th. Barclays lowered shares of Li Auto from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $39.00 to $25.00 in a report on Thursday, April 25th. Macquarie assumed coverage on Li Auto in a report on Monday, April 15th. They set an “outperform” rating and a $40.00 target price for the company. Citigroup dropped their price target on Li Auto from $57.30 to $48.50 and set a “buy” rating on the stock in a research report on Friday, March 22nd. Finally, Morgan Stanley reduced their price objective on Li Auto from $74.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, March 25th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $45.36.

Li Auto Stock Down 3.4 %

The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.48 and a current ratio of 1.57. The firm has a 50 day simple moving average of $32.35 and a two-hundred day simple moving average of $33.49. The stock has a market cap of $29.71 billion, a P/E ratio of 18.06 and a beta of 1.10.

Li Auto (NASDAQ:LI) last issued its earnings results on Monday, February 26th. The company reported $0.49 earnings per share for the quarter. Li Auto had a net margin of 9.44% and a return on equity of 18.37%. The firm had revenue of $5.88 billion during the quarter. Equities research analysts predict that Li Auto Inc. will post 1.97 earnings per share for the current year.

Hedge Funds Weigh In On Li Auto

Institutional investors have recently bought and sold shares of the stock. Brilliance Asset Management Ltd. raised its stake in Li Auto by 6.9% during the 4th quarter. Brilliance Asset Management Ltd. now owns 4,639,798 shares of the company’s stock valued at $173,668,000 after purchasing an additional 299,531 shares during the period. Franchise Capital Ltd lifted its stake in Li Auto by 163.2% in the 4th quarter. Franchise Capital Ltd now owns 975,250 shares of the company’s stock worth $36,504,000 after acquiring an additional 604,773 shares in the last quarter. Ninety One UK Ltd acquired a new stake in Li Auto during the 4th quarter worth about $35,896,000. Ariose Capital Management Ltd acquired a new stake in Li Auto during the 4th quarter worth about $29,555,000. Finally, Qube Research & Technologies Ltd acquired a new position in shares of Li Auto in the 3rd quarter valued at about $24,312,000. Hedge funds and other institutional investors own 9.88% of the company’s stock.

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.