Li Auto Inc. (NASDAQ:LI – Get Free Report) shares hit a new 52-week low on Tuesday after Morgan Stanley lowered their price target on the stock from $65.00 to $53.00. Morgan Stanley currently has an overweight rating on the stock. Li Auto traded as low as $20.60 and last traded at $20.91, with a volume of 5784694 shares traded. The stock had previously closed at $21.71.
Several other equities research analysts have also issued reports on the stock. Bank of America lowered their target price on shares of Li Auto from $41.00 to $36.00 and set a “buy” rating for the company in a report on Tuesday. Barclays dropped their target price on Li Auto from $25.00 to $22.00 and set an “equal weight” rating for the company in a research report on Tuesday. Deutsche Bank Aktiengesellschaft upgraded Li Auto from a “hold” rating to a “buy” rating and reduced their price target for the stock from $45.00 to $41.00 in a report on Tuesday, February 6th. Macquarie assumed coverage on Li Auto in a report on Monday, April 15th. They set an “outperform” rating and a $40.00 price objective for the company. Finally, Citigroup reduced their target price on Li Auto from $57.30 to $48.50 and set a “buy” rating on the stock in a research note on Friday, March 22nd. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Li Auto currently has a consensus rating of “Moderate Buy” and an average target price of $40.50.
Institutional Trading of Li Auto
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Deutsche Bank AG grew its stake in Li Auto by 100.8% during the 3rd quarter. Deutsche Bank AG now owns 15,273 shares of the company’s stock valued at $544,000 after acquiring an additional 1,990,089 shares in the last quarter. Ninety One UK Ltd purchased a new stake in Li Auto in the 4th quarter valued at $35,896,000. Ariose Capital Management Ltd purchased a new position in shares of Li Auto during the 4th quarter worth $29,555,000. SIH Partners LLLP boosted its position in shares of Li Auto by 508.2% during the 1st quarter. SIH Partners LLLP now owns 890,900 shares of the company’s stock valued at $26,976,000 after acquiring an additional 744,419 shares during the last quarter. Finally, Qube Research & Technologies Ltd acquired a new stake in Li Auto during the third quarter worth about $24,312,000. Hedge funds and other institutional investors own 9.88% of the company’s stock.
Li Auto Stock Down 3.5 %
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 $22.24 billion, a PE ratio of 13.52 and a beta of 1.10. The business’s 50 day simple moving average is $28.87 and its 200 day simple moving average is $32.79.
Li Auto (NASDAQ:LI – Get Free Report) last announced its quarterly earnings results on Monday, February 26th. The company reported $0.49 EPS for the quarter. The business had revenue of $5.88 billion for the quarter. Li Auto had a return on equity of 18.37% and a net margin of 9.44%. As a group, analysts anticipate that Li Auto Inc. will post 1.5 earnings per share for the current fiscal year.
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.