Li Auto (NASDAQ:LI) Downgraded by Macquarie to “Neutral”

Macquarie lowered shares of Li Auto (NASDAQ:LI) from an outperform rating to a neutral rating in a research note published on Monday, Marketbeat reports. They currently have $27.00 price objective on the stock.

A number of other equities research analysts have also recently issued reports on the company. HSBC set a $38.50 price objective on Li Auto and gave the stock 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 increased their price target for the company from $22.00 to $40.00 in a research note on Friday, February 28th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $35.73.

Li Auto Trading Down 0.4 %

NASDAQ:LI opened at $27.52 on Monday. Li Auto has a twelve month low of $17.44 and a twelve month high of $34.10. The company has a quick ratio of 1.64, a current ratio of 1.76 and a debt-to-equity ratio of 0.13. The business has a 50 day moving average price of $25.76 and a two-hundred day moving average price of $24.53. The company has a market cap of $29.20 billion, a P/E ratio of 20.39, a price-to-earnings-growth ratio of 3.27 and a beta of 0.86.

Institutional Trading of Li Auto

Several hedge funds have recently made changes to their positions in the company. Aspex Management HK Ltd grew its position in Li Auto by 55.0% during the third quarter. Aspex Management HK Ltd now owns 10,643,926 shares of the company’s stock worth $273,017,000 after buying an additional 3,778,463 shares in the last quarter. FMR LLC grew its position in Li Auto by 422.4% during the third quarter. FMR LLC now owns 4,252,398 shares of the company’s stock worth $109,074,000 after buying an additional 3,438,410 shares in the last quarter. LMR Partners LLP purchased a new position in Li Auto during the fourth quarter worth about $16,266,000. OLD Mission Capital LLC purchased a new position in Li Auto during the fourth quarter worth about $14,704,000. Finally, RWC Asset Advisors US LLC grew its position in Li Auto by 20.0% during the fourth quarter. RWC Asset Advisors US LLC now owns 3,181,050 shares of the company’s stock worth $76,313,000 after buying an additional 530,390 shares in the last quarter. 9.88% of the stock is currently owned by institutional investors.

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.