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

Li Auto (NASDAQ:LI) was downgraded by analysts at Macquarie from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Monday,Briefing.com Automated Import reports.

Several other analysts have also recently issued reports on LI. JPMorgan Chase & Co. raised shares of Li Auto from a “neutral” rating to an “overweight” rating and upped their price target for the company from $22.00 to $40.00 in a report on Friday, February 28th. HSBC set a $38.50 target price on shares of Li Auto and gave the company a “buy” rating in a research note on Thursday, March 6th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Li Auto currently has a consensus rating of “Moderate Buy” and an average target price of $36.59.

Li Auto Stock Performance

Shares of LI opened at $27.46 on Monday. The firm has a market cap of $29.14 billion, a price-to-earnings ratio of 20.34, a PEG ratio of 3.27 and a beta of 0.86. 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’s 50 day moving average is $25.53 and its two-hundred day moving average is $24.40. Li Auto has a 52-week low of $17.44 and a 52-week high of $35.77.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio lifted its holdings in shares of Li Auto by 66.3% in the 4th quarter. Public Employees Retirement System of Ohio now owns 58,525 shares of the company’s stock worth $1,404,000 after purchasing an additional 23,339 shares during the last quarter. Vident Advisory LLC lifted its stake in Li Auto by 11.2% in the fourth quarter. Vident Advisory LLC now owns 19,914 shares of the company’s stock valued at $478,000 after buying an additional 1,998 shares during the last quarter. Tairen Capital Ltd acquired a new position in shares of Li Auto during the fourth quarter valued at $8,435,000. Point72 Hong Kong Ltd grew its position in shares of 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 during the last quarter. Finally, Quantinno Capital Management LP increased its holdings in shares of Li Auto by 17.6% in the 4th 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 during the period. 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.