Li Auto (NASDAQ:LI) Trading Up 4.7%

Li Auto Inc. (NASDAQ:LI)’s share price rose 4.7% during trading on Wednesday . The stock traded as high as $20.58 and last traded at $20.37. Approximately 1,648,110 shares traded hands during trading, a decline of 80% from the average daily volume of 8,076,393 shares. The stock had previously closed at $19.45.

Analyst Upgrades and Downgrades

LI has been the subject of several research reports. Citigroup lowered their price objective on shares of Li Auto from $57.30 to $48.50 and set a “buy” rating for the company in a research report on Friday, March 22nd. Macquarie started coverage on Li Auto in a research report on Monday, April 15th. They set an “outperform” rating and a $40.00 price target on the stock. Morgan Stanley lowered their price objective on shares of Li Auto from $65.00 to $53.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 21st. Barclays cut their price objective on Li Auto from $25.00 to $22.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 21st. Finally, Bank of America cut their target price on shares of Li Auto from $41.00 to $36.00 and set a “buy” rating for the company in a research note on Tuesday, May 21st. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $40.08.

Li Auto Price Performance

The company has a current ratio of 1.53, a quick ratio of 1.37 and a debt-to-equity ratio of 0.04. The firm has a market cap of $22.12 billion, a price-to-earnings ratio of 13.65, a P/E/G ratio of 2.16 and a beta of 0.97. The business’s 50-day simple moving average is $22.00 and its two-hundred day simple moving average is $28.83.

Li Auto (NASDAQ:LI) last released its quarterly earnings data on Monday, May 20th. The company reported $0.08 earnings per share (EPS) for the quarter. Li Auto had a net margin of 8.73% and a return on equity of 16.65%. The company had revenue of $3.55 billion for the quarter. As a group, research analysts expect that Li Auto Inc. will post 1.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Li Auto

A number of institutional investors and hedge funds have recently bought and sold shares of LI. Advisors Asset Management Inc. boosted its position in Li Auto by 3.4% in the third quarter. Advisors Asset Management Inc. now owns 14,458 shares of the company’s stock worth $515,000 after purchasing an additional 469 shares during the last quarter. Corient Private Wealth LLC increased its holdings in Li Auto by 5.3% in the 4th quarter. Corient Private Wealth LLC now owns 12,664 shares of the company’s stock worth $474,000 after acquiring an additional 641 shares during the last quarter. SG Americas Securities LLC raised its stake in Li Auto by 7.0% in the 1st quarter. SG Americas Securities LLC now owns 10,427 shares of the company’s stock valued at $316,000 after acquiring an additional 685 shares during the period. Quadrant Capital Group LLC boosted its position in Li Auto by 7.6% during the fourth quarter. Quadrant Capital Group LLC now owns 10,497 shares of the company’s stock worth $393,000 after purchasing an additional 745 shares during the period. Finally, Caprock Group LLC grew its stake in Li Auto by 10.0% in the 4th quarter. Caprock Group LLC now owns 8,814 shares of the company’s stock valued at $330,000 after buying an additional 802 shares in the last quarter. 9.88% of the stock is owned by hedge funds and other institutional investors.

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.