Li Auto (NASDAQ:LI) Stock Price Down 4% – Time to Sell?

Shares of Li Auto Inc. (NASDAQ:LI) fell 4% during trading on Tuesday . The stock traded as low as $29.17 and last traded at $28.94. 528,210 shares were traded during trading, a decline of 92% from the average session volume of 6,432,714 shares. The stock had previously closed at $30.15.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. raised shares of Li Auto from a “neutral” rating to an “overweight” rating and increased their price target for the company from $22.00 to $40.00 in a report on Friday, February 28th. HSBC set a $38.50 target price on Li Auto and gave the company a “buy” rating in a research report on Thursday, March 6th. Nomura Securities raised Li Auto to a “hold” rating in a report on Monday, March 17th. Cfra Research raised Li Auto to a “strong sell” rating in a report on Friday, March 21st. Finally, Macquarie downgraded Li Auto from an “outperform” rating to a “neutral” rating and set a $27.00 target price for the company. in a report on Monday, March 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $32.85.

Li Auto Stock Down 4.1%

The company has a market cap of $30.28 billion, a P/E ratio of 21.45, a PEG ratio of 3.27 and a beta of 0.98. The stock has a 50-day moving average of $25.76 and a 200 day moving average of $25.23. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.76 and a quick ratio of 1.64.

Li Auto (NASDAQ:LI) last released its earnings results on Thursday, May 29th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.01). Li Auto had a net margin of 7.20% and a return on equity of 13.03%. The firm had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.45 billion. During the same period in the prior year, the business earned $1.21 earnings per share. Li Auto’s quarterly revenue was up 1.1% compared to the same quarter last year. Research analysts anticipate that Li Auto Inc. will post 0.96 earnings per share for the current year.

Institutional Trading of Li Auto

Several institutional investors and hedge funds have recently modified their holdings of LI. SVB Wealth LLC acquired a new stake in Li Auto in the first quarter valued at approximately $33,000. Summit Securities Group LLC acquired a new stake in shares of Li Auto during the 1st quarter valued at $50,000. CX Institutional bought a new stake in Li Auto during the 1st quarter worth $72,000. Daiwa Securities Group Inc. boosted its stake in shares of Li Auto by 16.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the company’s stock valued at $84,000 after purchasing an additional 500 shares in the last quarter. Finally, Brooklyn Investment Group grew its holdings in Li Auto by 1,077.3% during the 1st quarter. Brooklyn Investment Group now owns 4,980 shares of the company’s stock worth $125,000 after acquiring an additional 4,557 shares during the last quarter. 9.88% of the stock is currently owned by institutional investors.

About Li Auto

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