Li Auto (NASDAQ:LI) Upgraded by Nomura Securities to “Hold” Rating

Li Auto (NASDAQ:LI) was upgraded by stock analysts at Nomura Securities to a “hold” rating in a research note issued on Monday,Zacks.com reports.

A number of other equities analysts have also 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 report on Thursday, March 6th. JPMorgan Chase & Co. raised Li Auto from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $22.00 to $40.00 in a research note on Friday, February 28th. Finally, Macquarie lowered Li Auto from an “outperform” rating to a “neutral” rating and set a $27.00 price objective on the stock. in a research report on Monday. Four investment 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, Li Auto has an average rating of “Moderate Buy” and a consensus target price of $35.73.

Li Auto Stock Down 0.4 %

Shares of NASDAQ LI opened at $27.52 on Monday. The company has a current ratio of 1.76, a quick ratio of 1.64 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average of $25.76 and a 200-day moving average of $24.53. The firm has a market capitalization of $29.20 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 3.27 and a beta of 0.86. Li Auto has a 12 month low of $17.44 and a 12 month high of $34.10.

Institutional Trading of Li Auto

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Signaturefd LLC grew its position in shares of Li Auto by 4.4% in the 4th quarter. Signaturefd LLC now owns 10,184 shares of the company’s stock worth $244,000 after buying an additional 428 shares during the period. Daiwa Securities Group Inc. boosted its position in shares of Li Auto by 16.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the company’s stock worth $84,000 after purchasing an additional 500 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC grew its stake in shares of Li Auto by 2.2% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 25,174 shares of the company’s stock worth $604,000 after buying an additional 547 shares during the last quarter. Amundi increased its position in Li Auto by 1.2% during the 4th quarter. Amundi now owns 78,098 shares of the company’s stock valued at $1,811,000 after buying an additional 888 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in Li Auto by 15.2% during the fourth quarter. First Trust Advisors LP now owns 10,014 shares of the company’s stock valued at $240,000 after buying an additional 1,324 shares during the last quarter. Hedge funds and other 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.