Citigroup Has Lowered Expectations for Li Auto (NASDAQ:LI) Stock Price

Li Auto (NASDAQ:LI) had its target price dropped by equities researchers at Citigroup from $20.20 to $18.50 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Citigroup’s price objective would indicate a potential upside of 14.27% from the company’s previous close.

LI has been the topic of several other reports. China Renaissance reissued a “hold” rating and issued a $18.50 target price on shares of Li Auto in a report on Monday, December 1st. Piper Sandler boosted their price objective on shares of Li Auto from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Zacks Research raised Li Auto from a “strong sell” rating to a “hold” rating in a report on Monday, September 29th. Hsbc Global Res cut Li Auto from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 4th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Li Auto in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, thirteen have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, Li Auto has an average rating of “Hold” and an average target price of $21.05.

Li Auto Stock Down 1.2%

Shares of LI opened at $16.19 on Thursday. The company has a current ratio of 1.80, a quick ratio of 1.67 and a debt-to-equity ratio of 0.05. Li Auto has a 12 month low of $15.87 and a 12 month high of $33.12. The firm’s 50 day moving average is $17.57 and its 200-day moving average is $22.30. The stock has a market capitalization of $17.16 billion, a PE ratio of 27.91 and a beta of 0.56.

Institutional Trading of Li Auto

Several institutional investors have recently modified their holdings of the business. Elevation Point Wealth Partners LLC acquired a new stake in Li Auto during the second quarter worth approximately $27,000. MAI Capital Management increased its stake in shares of Li Auto by 2,236.0% in the 2nd quarter. MAI Capital Management now owns 1,168 shares of the company’s stock valued at $32,000 after acquiring an additional 1,118 shares in the last quarter. Mizuho Securities Co. Ltd. acquired a new position in shares of Li Auto during the 2nd quarter valued at $107,000. Hantz Financial Services Inc. boosted its stake in Li Auto by 1,196.9% during the second quarter. Hantz Financial Services Inc. now owns 4,150 shares of the company’s stock worth $113,000 after acquiring an additional 3,830 shares in the last quarter. Finally, Tuttle Capital Management LLC acquired a new stake in Li Auto in the fourth quarter worth $170,000. Institutional investors own 9.88% of the company’s stock.

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.