Li Auto (NASDAQ:LI) Trading Up 3.2% – Should You Buy?

Li Auto Inc. (NASDAQ:LI)’s stock price shot up 3.2% on Wednesday . The company traded as high as $27.01 and last traded at $26.86. 1,772,438 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 7,130,376 shares. The stock had previously closed at $26.04.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. HSBC set a $38.50 price target on shares of Li Auto and gave the stock a “buy” rating in a research note on Thursday, March 6th. Cfra Research upgraded Li Auto to a “strong sell” rating in a report on Friday, March 21st. Nomura Securities upgraded Li Auto to a “hold” rating in a research report on Monday, March 17th. Macquarie downgraded Li Auto from an “outperform” rating to a “neutral” rating and set a $27.00 price objective for the company. in a research report on Monday, March 17th. Finally, JPMorgan Chase & Co. raised Li Auto from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $22.00 to $40.00 in a research note on Friday, February 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Li Auto presently has a consensus rating of “Hold” and an average target price of $35.73.

Li Auto Trading Down 2.4 %

The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.64 and a current ratio of 1.76. The stock has a market capitalization of $27.08 billion, a P/E ratio of 18.90, a price-to-earnings-growth ratio of 3.27 and a beta of 0.86. The stock has a 50-day moving average price of $26.25 and a two-hundred day moving average price of $24.80.

Institutional Trading of Li Auto

Large investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio lifted its holdings in Li Auto by 66.3% in the fourth quarter. Public Employees Retirement System of Ohio now owns 58,525 shares of the company’s stock worth $1,404,000 after buying an additional 23,339 shares during the period. Vident Advisory LLC grew its holdings in shares of Li Auto by 11.2% during the 4th quarter. Vident Advisory LLC now owns 19,914 shares of the company’s stock worth $478,000 after acquiring an additional 1,998 shares during the period. Tairen Capital Ltd bought a new position in shares of Li Auto in the 4th quarter worth approximately $8,435,000. Point72 Hong Kong Ltd lifted its stake in shares of Li Auto by 1,976.3% in the 4th quarter. Point72 Hong Kong Ltd now owns 212,673 shares of the company’s stock valued at $5,102,000 after purchasing an additional 202,430 shares during the period. Finally, Quantinno Capital Management LP boosted its position in shares of Li Auto by 17.6% during the fourth quarter. Quantinno Capital Management LP now owns 15,727 shares of the company’s stock valued at $377,000 after purchasing an additional 2,356 shares in the last quarter. Institutional investors 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.