Li Auto (NASDAQ:LI) Cut to Underweight at JPMorgan Chase & Co.

JPMorgan Chase & Co. downgraded shares of Li Auto (NASDAQ:LI) from a neutral rating to an underweight rating in a research report released on Monday morning, Marketbeat.com reports. They currently have $14.00 target price on the stock.

A number of other research firms have also recently issued reports on LI. Citigroup decreased their price objective on shares of Li Auto from $20.20 to $18.50 and set a “neutral” rating on the stock in a research report on Thursday, January 15th. HSBC downgraded Li Auto from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 4th. Jefferies Financial Group reiterated a “hold” rating and issued a $17.50 price objective (down previously from $28.80) on shares of Li Auto in a report on Friday, January 23rd. Weiss Ratings reissued a “sell (d+)” rating on shares of Li Auto in a research note on Monday, December 29th. Finally, Macquarie Infrastructure set a $15.00 target price on Li Auto in a report on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, twelve have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $19.59.

Li Auto Stock Up 1.6%

Shares of Li Auto stock opened at $19.20 on Monday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.67 and a current ratio of 1.80. Li Auto has a 52-week low of $15.71 and a 52-week high of $33.12. The company’s 50 day moving average price is $17.05 and its 200-day moving average price is $20.84. The stock has a market capitalization of $20.10 billion, a price-to-earnings ratio of 33.10 and a beta of 0.58.

Institutional Trading of Li Auto

A number of large investors have recently made changes to their positions in LI. LMR Partners LLP lifted its stake in Li Auto by 2,697.4% in the second quarter. LMR Partners LLP now owns 675,500 shares of the company’s stock valued at $18,313,000 after buying an additional 651,353 shares during the last quarter. Vise Technologies Inc. acquired a new stake in Li Auto during the 2nd quarter worth $361,000. Central Asset Investments & Management Holdings HK Ltd purchased a new position in Li Auto during the 2nd quarter worth $407,000. American Century Companies Inc. increased its stake in Li Auto by 12.6% in the second quarter. American Century Companies Inc. now owns 1,295,444 shares of the company’s stock valued at $35,119,000 after purchasing an additional 144,625 shares during the period. Finally, Aberdeen Group plc boosted its stake in shares of Li Auto by 246.5% during the second quarter. Aberdeen Group plc now owns 27,970 shares of the company’s stock worth $758,000 after buying an additional 19,898 shares during the period. 9.88% of the stock is owned by institutional investors and hedge funds.

Li Auto Company Profile

Li Auto Inc is a Chinese automotive company that develops, manufactures and sells smart electric vehicles, with an early focus on range-extended electric SUVs designed for family use. The company is headquartered in China and serves the domestic market through a combination of online channels and a network of retail/showroom locations. Li Auto was founded to address range-anxiety in electric vehicle buyers by integrating a small internal-combustion engine as a range extender alongside a large battery, enabling longer driving range while retaining electric driving characteristics.

The company’s product lineup centers on multi‑occupant SUVs that combine electric propulsion, advanced in‑vehicle connectivity and driver‑assistance features.