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

Li Auto (NASDAQ:LI) was downgraded by equities researchers at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a research note issued on Monday, Marketbeat.com reports. They currently have a $14.00 target price on the stock. JPMorgan Chase & Co.‘s price target indicates a potential downside of 25.89% from the stock’s current price.

Other analysts have also recently issued reports about the company. The Goldman Sachs Group reaffirmed a “buy” rating and set a $27.00 price objective on shares of Li Auto in a report on Monday, December 1st. China Renaissance reaffirmed a “hold” rating and set a $18.50 price target on shares of Li Auto in a research note on Monday, December 1st. HSBC cut shares of Li Auto from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 4th. Citigroup decreased their target price 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. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $17.50 price target (down previously from $28.80) on shares of Li Auto in a report on Friday, January 23rd. One 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $19.59.

Li Auto Price Performance

NASDAQ:LI opened at $18.89 on Monday. The business’s 50-day moving average is $17.01 and its 200 day moving average is $20.85. Li Auto has a 12 month low of $15.71 and a 12 month high of $33.12. The company has a current ratio of 1.80, a quick ratio of 1.67 and a debt-to-equity ratio of 0.05.

Institutional Trading of Li Auto

Several institutional investors have recently added to or reduced their stakes in LI. Elevation Point Wealth Partners LLC purchased a new position in shares of Li Auto during the second quarter valued at approximately $27,000. Farther Finance Advisors LLC boosted its holdings in Li Auto by 312.3% during the 4th quarter. Farther Finance Advisors LLC now owns 1,674 shares of the company’s stock valued at $28,000 after acquiring an additional 1,268 shares during the period. MAI Capital Management boosted its holdings in Li Auto by 2,236.0% during 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 during the period. Mizuho Securities Co. Ltd. bought a new position in Li Auto in the 2nd quarter valued at $107,000. Finally, Hantz Financial Services Inc. increased its stake in Li Auto by 1,196.9% in the second quarter. Hantz Financial Services Inc. now owns 4,150 shares of the company’s stock worth $113,000 after purchasing an additional 3,830 shares during the period. 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.