Li Auto Inc. Sponsored ADR (NASDAQ:LI - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $26.11, but opened at $26.94. Li Auto shares last traded at $26.75, with a volume of 824,872 shares.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the stock. Macquarie cut shares of Li Auto from a "neutral" rating to an "underperform" rating and reduced their price objective for the company from $28.00 to $21.00 in a research note on Friday, August 22nd. Dbs Bank cut shares of Li Auto from a "moderate buy" rating to a "hold" rating in a report on Friday, August 29th. Barclays reduced their price target on shares of Li Auto from $31.00 to $24.00 and set an "equal weight" rating for the company in a report on Thursday, August 28th. Zacks Research cut shares of Li Auto from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 19th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and issued a $28.00 price objective (down previously from $33.00) on shares of Li Auto in a research report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eight have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Li Auto presently has an average rating of "Reduce" and a consensus target price of $26.26.
Check Out Our Latest Report on LI
Li Auto Price Performance
The company has a quick ratio of 1.57, a current ratio of 1.73 and a debt-to-equity ratio of 0.03. The company's 50 day moving average is $25.78 and its 200 day moving average is $26.23. The firm has a market capitalization of $26.96 billion, a price-to-earnings ratio of 24.52 and a beta of 0.97.
Institutional Investors Weigh In On Li Auto
A number of large investors have recently bought and sold shares of the company. China Universal Asset Management Co. Ltd. grew its stake in Li Auto by 12.5% during the second quarter. China Universal Asset Management Co. Ltd. now owns 27,000 shares of the company's stock worth $732,000 after buying an additional 3,000 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Li Auto by 497.2% in the second quarter. Tower Research Capital LLC TRC now owns 76,728 shares of the company's stock worth $2,080,000 after acquiring an additional 63,881 shares during the last quarter. Corient Private Wealth LLC raised its holdings in Li Auto by 8.6% in the 2nd quarter. Corient Private Wealth LLC now owns 11,955 shares of the company's stock valued at $324,000 after buying an additional 951 shares during the last quarter. Tidal Investments LLC raised its holdings in Li Auto by 1.0% in the 2nd quarter. Tidal Investments LLC now owns 88,772 shares of the company's stock valued at $2,407,000 after buying an additional 856 shares during the last quarter. Finally, LMR Partners LLP raised its holdings in Li Auto by 2,697.4% in the 2nd quarter. LMR Partners LLP now owns 675,500 shares of the company's stock valued at $18,313,000 after buying an additional 651,353 shares during the last quarter. 9.88% of the stock is currently owned by institutional investors and hedge funds.
About Li Auto
(
Get Free Report)
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.
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