Li Auto (NASDAQ:LI) Trading Down 4.7%

Li Auto Inc. (NASDAQ:LI - Get Free Report)'s share price was down 4.7% during mid-day trading on Thursday . The stock traded as low as $19.77 and last traded at $19.79. Approximately 3,658,897 shares changed hands during trading, a decline of 58% from the average daily volume of 8,632,673 shares. The stock had previously closed at $20.77.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Bank of America cut their price objective on shares of Li Auto from $41.00 to $36.00 and set a "buy" rating on the stock in a report on Tuesday. Macquarie started coverage on Li Auto in a research note on Monday, April 15th. They set an "outperform" rating and a $40.00 price objective for the company. Morgan Stanley cut their target price on Li Auto from $65.00 to $53.00 and set an "overweight" rating on the stock in a research report on Tuesday. Citigroup decreased their price target on shares of Li Auto from $57.30 to $48.50 and set a "buy" rating for the company in a research report on Friday, March 22nd. Finally, Deutsche Bank Aktiengesellschaft raised shares of Li Auto from a "hold" rating to a "buy" rating and cut their price target for the company from $45.00 to $41.00 in a report on Tuesday, February 6th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $40.50.

Li Auto Price Performance

The stock has a market capitalization of $20.77 billion, a P/E ratio of 13.05, a PEG ratio of 1.84 and a beta of 1.10. The company has a 50 day moving average of $28.52 and a 200-day moving average of $32.71. The company has a quick ratio of 1.48, a current ratio of 1.53 and a debt-to-equity ratio of 0.04.

Li Auto (NASDAQ:LI - Get Free Report) last issued its earnings results on Monday, February 26th. The company reported $0.49 earnings per share for the quarter. Li Auto had a net margin of 8.73% and a return on equity of 16.65%. The company had revenue of $5.88 billion for the quarter. Sell-side analysts predict that Li Auto Inc. will post 1.43 EPS for the current year.

Institutional Trading of Li Auto

Large investors have recently modified their holdings of the company. NEW THINKING HONG KONG INVESTMENT MANAGEMENT CO. Ltd raised its stake in shares of Li Auto by 63.4% in the 4th quarter. NEW THINKING HONG KONG INVESTMENT MANAGEMENT CO. Ltd now owns 187,606 shares of the company's stock worth $7,022,000 after buying an additional 72,798 shares in the last quarter. Tudor Investment Corp Et Al lifted its position in shares of Li Auto by 603.8% during the 3rd quarter. Tudor Investment Corp Et Al now owns 160,099 shares of the company's stock valued at $5,708,000 after acquiring an additional 137,350 shares during the last quarter. Rafferty Asset Management LLC boosted its stake in shares of Li Auto by 123.4% during the 3rd quarter. Rafferty Asset Management LLC now owns 21,992 shares of the company's stock worth $784,000 after acquiring an additional 12,149 shares in the last quarter. Handelsbanken Fonder AB acquired a new position in shares of Li Auto in the 4th quarter worth $9,358,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Li Auto during the fourth quarter worth $4,453,000. Institutional investors and hedge funds own 9.88% of the company's stock.

About Li Auto

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.