Macquarie Downgrades Li Auto (NASDAQ:LI) to Neutral

Macquarie cut shares of Li Auto (NASDAQ:LI) from an outperform rating to a neutral rating in a report released on Monday morning, MarketBeat Ratings reports. The brokerage currently has $27.00 target price on the stock.

A number of other research firms have also weighed in on LI. HSBC set a $38.50 price objective on Li Auto and gave the company a “buy” rating in a research note on Thursday, March 6th. JPMorgan Chase & Co. upgraded Li Auto from a “neutral” rating to an “overweight” rating and upped their target price for the company from $22.00 to $40.00 in a report on Friday, February 28th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $35.73.

Li Auto Stock Performance

NASDAQ:LI opened at $27.35 on Monday. The firm has a market cap of $29.02 billion, a PE ratio of 20.26, a price-to-earnings-growth ratio of 3.27 and a beta of 0.86. Li Auto has a fifty-two week low of $17.44 and a fifty-two week high of $35.77. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.64 and a current ratio of 1.76. The business has a 50 day moving average price of $25.60 and a 200-day moving average price of $24.45.

Institutional Trading of Li Auto

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Signaturefd LLC lifted its position in Li Auto by 4.4% during the fourth quarter. Signaturefd LLC now owns 10,184 shares of the company’s stock valued at $244,000 after buying an additional 428 shares during the period. Daiwa Securities Group Inc. lifted its position in Li Auto by 16.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the company’s stock valued at $84,000 after buying an additional 500 shares during the period. Laird Norton Wetherby Wealth Management LLC lifted its position in Li Auto by 2.2% during the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 25,174 shares of the company’s stock valued at $604,000 after buying an additional 547 shares during the period. Amundi lifted its position in Li Auto by 1.2% during the fourth quarter. Amundi now owns 78,098 shares of the company’s stock valued at $1,811,000 after buying an additional 888 shares during the period. Finally, First Trust Advisors LP lifted its position in Li Auto by 15.2% during the fourth quarter. First Trust Advisors LP now owns 10,014 shares of the company’s stock valued at $240,000 after buying an additional 1,324 shares during the period. 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.