Li Auto (NASDAQ:LI) Now Covered by Analysts at Macquarie

Macquarie initiated coverage on shares of Li Auto (NASDAQ:LI) in a report issued on Monday morning, Marketbeat Ratings reports. The brokerage issued an outperform rating and a $40.00 target price on the stock.

LI has been the topic of a number of other research reports. Bank of America dropped their price objective on shares of Li Auto from $60.00 to $55.00 and set a buy rating on the stock in a report on Monday, March 18th. Citigroup lowered their price target on shares of Li Auto from $57.30 to $48.50 and set a buy rating on the stock in a report on Friday, March 22nd. Deutsche Bank Aktiengesellschaft upgraded shares of Li Auto from a hold rating to a buy rating and reduced their price objective for the company from $45.00 to $41.00 in a research report on Tuesday, February 6th. Barclays reduced their price objective on shares of Li Auto from $56.00 to $39.00 and set an overweight rating on the stock in a research report on Friday, March 22nd. Finally, The Goldman Sachs Group started coverage on shares of Li Auto in a research report on Wednesday, January 3rd. They set a buy rating on the stock. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of Buy and a consensus price target of $47.36.

Li Auto Stock Performance

Shares of NASDAQ LI opened at $29.18 on Monday. The firm’s 50-day moving average price is $33.65 and its 200-day moving average price is $34.15. The company has a quick ratio of 1.48, a current ratio of 1.57 and a debt-to-equity ratio of 0.03. The company has a market cap of $30.96 billion, a PE ratio of 18.83 and a beta of 1.04. Li Auto has a 52-week low of $21.48 and a 52-week high of $47.33.

Li Auto (NASDAQ:LI) last announced its quarterly earnings results on Monday, February 26th. The company reported $0.49 earnings per share (EPS) for the quarter. The firm had revenue of $5.88 billion for the quarter. Li Auto had a net margin of 9.44% and a return on equity of 18.37%. As a group, analysts anticipate that Li Auto will post 1.97 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Captrust Financial Advisors grew its holdings in shares of Li Auto by 584.1% in the first quarter. Captrust Financial Advisors now owns 1,074 shares of the company’s stock worth $28,000 after purchasing an additional 917 shares during the last quarter. IFP Advisors Inc grew its holdings in Li Auto by 233.3% during the 2nd quarter. IFP Advisors Inc now owns 1,000 shares of the company’s stock worth $35,000 after acquiring an additional 700 shares in the last quarter. Scarborough Advisors LLC bought a new position in Li Auto during the 4th quarter worth about $41,000. Concourse Financial Group Securities Inc. grew its holdings in Li Auto by 186.0% during the 3rd quarter. Concourse Financial Group Securities Inc. now owns 1,430 shares of the company’s stock worth $51,000 after acquiring an additional 930 shares in the last quarter. Finally, Rakuten Securities Inc. bought a new position in Li Auto during the 4th quarter worth about $57,000. 9.88% of the stock is currently owned by institutional investors.

Li Auto Company Profile

Li Auto Inc, through its subsidiaries, 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 also offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment.