Li Auto (NASDAQ:LI) Rating Increased to Hold at Nomura Securities

Nomura Securities upgraded shares of Li Auto (NASDAQ:LI) to a hold rating in a report released on Monday,Zacks.com reports.

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 stock a “buy” rating in a report on Thursday, March 6th. Macquarie cut shares of Li Auto from an “outperform” rating to a “neutral” rating and set a $27.00 target price for the company. in a report on Monday. Finally, JPMorgan Chase & Co. raised shares of Li Auto from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $22.00 to $40.00 in a report on Friday, February 28th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $35.73.

Li Auto Trading Down 0.4 %

LI opened at $27.52 on Monday. Li Auto has a twelve month low of $17.44 and a twelve month high of $34.10. The company has a 50-day simple moving average of $25.76 and a 200 day simple moving average of $24.53. 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 stock has a market capitalization of $29.20 billion, a price-to-earnings ratio of 20.39, a P/E/G ratio of 3.27 and a beta of 0.86.

Institutional Inflows and Outflows

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