Li Auto (NASDAQ:LI) Trading Up 5.8%

Shares of Li Auto Inc. (NASDAQ:LI - Get Free Report) shot up 5.8% on Monday . The company traded as high as $26.69 and last traded at $26.49. 4,434,772 shares were traded during trading, a decline of 46% from the average session volume of 8,147,086 shares. The stock had previously closed at $25.04.

Analysts Set New Price Targets

Several brokerages have recently commented on LI. Citigroup reduced their price target on shares of Li Auto from $57.30 to $48.50 and set a "buy" rating on the stock in a research report on Friday, March 22nd. Deutsche Bank Aktiengesellschaft raised Li Auto from a "hold" rating to a "buy" rating and reduced their target price for the stock from $45.00 to $41.00 in a report on Tuesday, February 6th. Morgan Stanley lowered their price target on Li Auto from $74.00 to $65.00 and set an "overweight" rating for the company in a report on Monday, March 25th. Barclays lowered Li Auto from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $39.00 to $25.00 in a research report on Thursday. Finally, 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. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, Li Auto currently has a consensus rating of "Moderate Buy" and an average price target of $45.36.

Li Auto Price Performance

The business has a fifty day moving average price of $32.95 and a 200 day moving average price of $33.72. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.48. The company has a market capitalization of $28.59 billion, a price-to-earnings ratio of 17.32 and a beta of 1.05.

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

Institutional Trading of Li Auto

Several institutional investors and hedge funds have recently added to or reduced their stakes in LI. Scarborough Advisors LLC acquired a new position in shares of Li Auto in the 4th quarter valued at $41,000. Concourse Financial Group Securities Inc. boosted its holdings in shares of Li Auto by 186.0% in the third 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. Rakuten Securities Inc. purchased a new position in shares of Li Auto in the fourth quarter worth approximately $57,000. CWM LLC raised its holdings in shares of Li Auto by 59.5% during the third quarter. CWM LLC now owns 1,812 shares of the company's stock valued at $65,000 after acquiring an additional 676 shares during the period. Finally, Employees Retirement System of Texas acquired a new stake in shares of Li Auto during the third quarter valued at approximately $130,000. 9.88% of the stock is owned by institutional investors and hedge funds.

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.