Li Auto (NASDAQ:LI) Stock Price Down 4% – Time to Sell?

Li Auto Inc. (NASDAQ:LI)’s share price fell 4% during trading on Monday . The company traded as low as $25.87 and last traded at $26.36. 1,942,689 shares changed hands during trading, a decline of 73% from the average session volume of 7,244,907 shares. The stock had previously closed at $27.46.

Analyst Ratings Changes

LI has been the subject of several recent research reports. Macquarie cut Li Auto from an “outperform” rating to a “neutral” rating and set a $27.00 price objective for the company. in a research note on Monday. HSBC set a $38.50 target price on Li Auto and gave the stock a “buy” rating in a research note on Thursday, March 6th. Finally, 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 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 stock. According to MarketBeat, Li Auto currently has an average rating of “Moderate Buy” and a consensus price target of $35.73.

Li Auto Price Performance

The stock has a market capitalization of $29.31 billion, a price-to-earnings ratio of 20.46, a price-to-earnings-growth 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 company has a 50 day moving average of $25.67 and a 200 day moving average of $24.51.

Institutional Investors Weigh In On Li Auto

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC grew its stake in shares of Li Auto by 4.4% in the fourth quarter. Signaturefd LLC now owns 10,184 shares of the company’s stock valued at $244,000 after buying an additional 428 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Li Auto by 16.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the company’s stock valued at $84,000 after buying 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 fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 25,174 shares of the company’s stock valued at $604,000 after buying an additional 547 shares in the last quarter. Amundi grew its stake in shares of Li Auto by 1.2% in the fourth 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 grew its stake in shares of Li Auto by 15.2% in 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 in the last quarter. 9.88% of the stock is currently owned by institutional investors and hedge funds.

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.