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

Li Auto (NASDAQ:LI) was downgraded by investment analysts at Macquarie from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Monday, Marketbeat.com reports. They currently have a $27.00 price objective on the stock. Macquarie’s price target points to a potential downside of 2.24% from the stock’s current price.

LI has been the subject of a number of other research reports. HSBC set a $38.50 target price on shares of Li Auto and gave the company a “buy” rating in a research report on Thursday, March 6th. JPMorgan Chase & Co. raised shares of Li Auto from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $22.00 to $40.00 in a research report on Friday, February 28th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $35.73.

Li Auto Trading Up 1.0 %

Shares of Li Auto stock opened at $27.62 on Monday. The firm has a 50-day moving average of $25.67 and a 200-day moving average of $24.51. The stock has a market cap of $29.31 billion, a PE ratio of 20.46, a PEG ratio of 3.27 and a beta of 0.86. Li Auto has a 52-week low of $17.44 and a 52-week high of $34.10. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.64 and a current ratio of 1.76.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio raised its stake in Li Auto by 66.3% during the fourth quarter. Public Employees Retirement System of Ohio now owns 58,525 shares of the company’s stock worth $1,404,000 after acquiring an additional 23,339 shares in the last quarter. Vident Advisory LLC raised its stake in Li Auto by 11.2% during the fourth quarter. Vident Advisory LLC now owns 19,914 shares of the company’s stock worth $478,000 after acquiring an additional 1,998 shares in the last quarter. Tairen Capital Ltd acquired a new position in Li Auto during the fourth quarter worth about $8,435,000. Point72 Hong Kong Ltd raised its stake in Li Auto by 1,976.3% during the fourth quarter. Point72 Hong Kong Ltd now owns 212,673 shares of the company’s stock worth $5,102,000 after acquiring an additional 202,430 shares in the last quarter. Finally, Quantinno Capital Management LP raised its stake in Li Auto by 17.6% during the fourth quarter. Quantinno Capital Management LP now owns 15,727 shares of the company’s stock worth $377,000 after acquiring an additional 2,356 shares in the last quarter. 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.