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

Macquarie assumed coverage on shares of Li Auto (NASDAQ:LI) in a research note issued to investors on Monday, Marketbeat reports. The brokerage issued an outperform rating and a $40.00 target price on the stock.

LI has been the topic of several other reports. Barclays lowered 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. Deutsche Bank Aktiengesellschaft raised 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 note on Tuesday, February 6th. Bank of America cut their target price on shares of Li Auto from $60.00 to $55.00 and set a buy rating for the company in a research report on Monday, March 18th. Morgan Stanley cut their price objective on shares of Li Auto from $74.00 to $65.00 and set an overweight rating for the company in a research report on Monday, March 25th. Finally, The Goldman Sachs Group initiated coverage on shares of Li Auto in a research report on Wednesday, January 3rd. They set a buy rating for the company. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of Buy and an average price target of $47.36.

Li Auto Price Performance

NASDAQ LI opened at $28.60 on Monday. The stock has a market capitalization of $30.34 billion, a P/E ratio of 18.45 and a beta of 1.05. Li Auto has a 1 year low of $21.48 and a 1 year high of $47.33. The business’s fifty day moving average is $33.76 and its two-hundred day moving average is $34.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.48 and a current ratio of 1.57.

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

Institutional Trading of Li Auto

Several hedge funds have recently modified their holdings of LI. Captrust Financial Advisors grew its stake in shares of Li Auto by 584.1% during the first quarter. Captrust Financial Advisors now owns 1,074 shares of the company’s stock valued at $28,000 after purchasing an additional 917 shares during the last quarter. IFP Advisors Inc lifted its holdings in Li Auto by 233.3% in the second quarter. IFP Advisors Inc now owns 1,000 shares of the company’s stock valued at $35,000 after buying an additional 700 shares during the period. Scarborough Advisors LLC acquired a new position in Li Auto in the fourth quarter valued at approximately $41,000. Concourse Financial Group Securities Inc. lifted its holdings in Li Auto by 186.0% in the third quarter. Concourse Financial Group Securities Inc. now owns 1,430 shares of the company’s stock valued at $51,000 after buying an additional 930 shares during the period. Finally, Rakuten Securities Inc. acquired a new position in Li Auto in the fourth quarter valued at approximately $57,000. 9.88% of the stock is owned by institutional investors.

About Li Auto

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.