Li Auto (NASDAQ:LI) Trading Down 4.6%

Li Auto Inc. (NASDAQ:LI – Get Rating)’s share price traded down 4.6% during trading on Tuesday . The company traded as low as $24.16 and last traded at $24.48. 16,742 shares changed hands during trading, a decline of 100% from the average session volume of 9,856,599 shares. The stock had previously closed at $25.66.

A number of equities analysts have commented on the stock. HSBC assumed coverage on shares of Li Auto in a research report on Friday, April 1st. They set a “buy” rating and a $35.00 price objective for the company. Macquarie assumed coverage on shares of Li Auto in a research report on Wednesday, January 12th. They set an “outperform” rating for the company. UBS Group upped their price objective on shares of Li Auto from $47.00 to $52.00 and gave the stock a “buy” rating in a research report on Monday, April 4th. Barclays increased their price target on shares of Li Auto from $38.00 to $40.00 and gave the company an “overweight” rating in a report on Monday, February 28th. Finally, Morgan Stanley cut their price target on shares of Li Auto from $49.00 to $41.00 and set an “overweight” rating for the company in a report on Wednesday, March 23rd. One analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Li Auto presently has an average rating of “Buy” and an average target price of $43.01.

The company has a market capitalization of $26.15 billion, a price-to-earnings ratio of -513.20 and a beta of 1.77. The company’s 50 day simple moving average is $26.96 and its 200-day simple moving average is $29.06. The company has a current ratio of 4.33, a quick ratio of 4.19 and a debt-to-equity ratio of 0.15.

Li Auto (NASDAQ:LI – Get Rating) last released its quarterly earnings results on Thursday, February 24th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.54. Li Auto had a negative net margin of 1.15% and a negative return on equity of 0.89%. The company had revenue of $10.62 billion for the quarter, compared to analysts’ expectations of $9.92 billion. During the same period last year, the company earned $0.02 EPS. The firm’s revenue for the quarter was up 156.1% compared to the same quarter last year. Sell-side analysts anticipate that Li Auto Inc. will post -0.33 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Xiamen Xinweidachuang Investment Partnership Limited Partnership purchased a new position in Li Auto in the fourth quarter valued at approximately $221,102,000. Hhlr Advisors LTD. raised its holdings in Li Auto by 363.6% in the fourth quarter. Hhlr Advisors LTD. now owns 5,007,300 shares of the company’s stock valued at $160,734,000 after buying an additional 3,927,300 shares during the period. BlackRock Inc. raised its holdings in Li Auto by 13.2% in the third quarter. BlackRock Inc. now owns 26,990,990 shares of the company’s stock valued at $709,591,000 after buying an additional 3,137,325 shares during the period. Norges Bank purchased a new position in Li Auto in the fourth quarter valued at approximately $98,126,000. Finally, WT Asset Management Ltd raised its holdings in Li Auto by 105.9% in the fourth quarter. WT Asset Management Ltd now owns 5,651,814 shares of the company’s stock valued at $181,423,000 after buying an additional 2,907,153 shares during the period. 16.87% of the stock is currently owned by institutional investors and hedge funds.

Li Auto Company Profile (NASDAQ:LI)

Li Auto Inc, through its subsidiaries, designs, develops, manufactures, and sells smart electric sport utility vehicles (SUVs) in China. It offers Li ONE, a six-seat electric SUV that equipped with a range of extension system and smart vehicle solutions. The company was formerly known as Leading Ideal Inc and changed its name to Li Auto Inc in July 2020.

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