Li Auto (NASDAQ:LI) Rating Lowered to Equal Weight at Barclays

Barclays lowered shares of Li Auto (NASDAQ:LI - Free Report) from an overweight rating to an equal weight rating in a research report sent to investors on Thursday morning, MarketBeat.com reports. They currently have $25.00 price target on the stock, down from their prior price target of $39.00.

Other analysts also recently issued reports about the stock. Bank of America reduced their price target on shares of Li Auto from $60.00 to $55.00 and set a buy rating for the company in a report on Monday, March 18th. Deutsche Bank Aktiengesellschaft raised shares of Li Auto from a hold rating to a buy rating and reduced their price target for the company from $45.00 to $41.00 in a report on Tuesday, February 6th. Macquarie assumed coverage on shares of Li Auto in a report on Monday, April 15th. They issued an outperform rating and a $40.00 price target for the company. The Goldman Sachs Group assumed coverage on shares of Li Auto in a report on Wednesday, January 3rd. They issued a buy rating for the company. Finally, Morgan Stanley reduced their price target on shares of Li Auto from $74.00 to $65.00 and set an overweight rating for the company in a report on Monday, March 25th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $45.36.

Li Auto Stock Down 1.7 %

LI stock traded down $0.40 during trading hours on Thursday, hitting $23.47. The company's stock had a trading volume of 6,803,232 shares, compared to its average volume of 8,147,236. The company has a quick ratio of 1.48, a current ratio of 1.57 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $24.90 billion, a PE ratio of 15.14 and a beta of 1.04. Li Auto has a 12 month low of $22.23 and a 12 month high of $47.33. The stock has a 50 day moving average price of $33.08 and a two-hundred day moving average price of $33.80.

Li Auto (NASDAQ:LI - Get Free Report) last posted its quarterly earnings data on Monday, February 26th. The company reported $0.49 earnings per share (EPS) for the quarter. The business had revenue of $5.88 billion during the quarter. Li Auto had a net margin of 9.44% and a return on equity of 18.37%. On average, equities research analysts expect that Li Auto will post 1.97 earnings per share for the current year.

Institutional Investors Weigh In On Li Auto

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LI. CWM LLC increased its position in Li Auto by 59.5% in the 3rd quarter. CWM LLC now owns 1,812 shares of the company's stock valued at $65,000 after acquiring an additional 676 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Li Auto by 100.9% during the 3rd quarter. SG Americas Securities LLC now owns 11,249 shares of the company's stock worth $401,000 after buying an additional 5,650 shares during the period. Stratos Wealth Partners LTD. acquired a new stake in shares of Li Auto during the 3rd quarter worth approximately $245,000. Concourse Financial Group Securities Inc. grew its position in shares of Li Auto by 186.0% during the 3rd quarter. Concourse Financial Group Securities Inc. now owns 1,430 shares of the company's stock worth $51,000 after buying an additional 930 shares during the period. Finally, Calamos Wealth Management LLC acquired a new stake in shares of Li Auto during the 3rd quarter worth approximately $1,121,000. Institutional investors and hedge funds 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.