Li Auto (NASDAQ:LI) Shares Up 4.1%

Li Auto Inc. (NASDAQ:LI)’s stock price traded up 4.1% during trading on Monday . The stock traded as high as $22.51 and last traded at $22.42. 3,352,426 shares were traded during mid-day trading, a decline of 56% from the average session volume of 7,699,400 shares. The stock had previously closed at $21.54.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on LI. JPMorgan Chase & Co. decreased their target price on Li Auto from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Thursday, August 29th. Bank of America increased their target price on shares of Li Auto from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Finally, Citigroup cut Li Auto from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Li Auto currently has a consensus rating of “Moderate Buy” and an average target price of $36.36.

Li Auto Trading Up 3.1 %

The company has a quick ratio of 1.63, a current ratio of 1.76 and a debt-to-equity ratio of 0.14. The company has a 50-day moving average price of $19.76 and a 200-day moving average price of $23.53. The company has a market capitalization of $23.57 billion, a price-to-earnings ratio of 14.88, a P/E/G ratio of 1.78 and a beta of 0.96.

Li Auto (NASDAQ:LI) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $0.14 earnings per share for the quarter. The company had revenue of $4.36 billion during the quarter. Li Auto had a return on equity of 13.70% and a net margin of 7.65%. Research analysts predict that Li Auto Inc. will post 1.04 EPS for the current fiscal year.

Institutional Trading of Li Auto

A number of hedge funds have recently modified their holdings of the company. Crossmark Global Holdings Inc. increased its stake in Li Auto by 4.7% in the fourth quarter. Crossmark Global Holdings Inc. now owns 37,479 shares of the company’s stock valued at $1,403,000 after acquiring an additional 1,679 shares during the period. Franchise Capital Ltd grew its position in Li Auto by 163.2% in the fourth quarter. Franchise Capital Ltd now owns 975,250 shares of the company’s stock valued at $36,504,000 after acquiring an additional 604,773 shares during the period. American Century Companies Inc. raised its stake in Li Auto by 20.5% during the second quarter. American Century Companies Inc. now owns 726,684 shares of the company’s stock worth $12,993,000 after acquiring an additional 123,838 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in Li Auto by 510.0% during the first quarter. DekaBank Deutsche Girozentrale now owns 76,450 shares of the company’s stock worth $2,370,000 after acquiring an additional 63,917 shares in the last quarter. Finally, OLD Mission Capital LLC bought a new position in shares of Li Auto during the fourth quarter valued at $17,696,000. 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.