Macquarie Reiterates “Neutral” Rating for Li Auto (NASDAQ:LI)

Li Auto (NASDAQ:LI)‘s stock had its “neutral” rating reaffirmed by equities researchers at Macquarie in a report released on Friday, MarketBeat.com reports. They currently have a $33.00 price objective on the stock, up from their previous price objective of $25.00. Macquarie’s price objective would indicate a potential upside of 12.69% from the stock’s current price.

A number of other brokerages have also recently commented on LI. Bank of America lifted their price objective on Li Auto from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. JPMorgan Chase & Co. decreased their target price on Li Auto from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Thursday, August 29th. Finally, Citigroup increased their price target on shares of Li Auto from $25.50 to $29.60 and gave the company a “neutral” rating in a research report on Monday, September 30th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $32.66.

Li Auto Stock Up 1.6 %

Shares of NASDAQ:LI opened at $29.29 on Friday. Li Auto has a 12 month low of $17.44 and a 12 month high of $46.44. The firm has a market cap of $31.07 billion, a P/E ratio of 19.52 and a beta of 0.98. The company has a quick ratio of 1.63, a current ratio of 1.76 and a debt-to-equity ratio of 0.14. The company’s 50-day moving average price is $21.07 and its two-hundred day moving average price is $22.89.

Li Auto (NASDAQ:LI) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $0.14 earnings per share for the quarter. Li Auto had a net margin of 7.65% and a return on equity of 13.70%. The business had revenue of $4.36 billion during the quarter.

Institutional Investors Weigh In On Li Auto

Large investors have recently made changes to their positions in the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Li Auto in the second quarter valued at about $21,626,000. Franchise Capital Ltd increased its position in shares of Li Auto by 163.2% during the 4th quarter. Franchise Capital Ltd now owns 975,250 shares of the company’s stock worth $36,504,000 after purchasing an additional 604,773 shares during the last quarter. SIH Partners LLLP increased its position in shares of Li Auto by 508.2% during the 1st quarter. SIH Partners LLLP now owns 890,900 shares of the company’s stock worth $26,976,000 after purchasing an additional 744,419 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Li Auto by 20.5% during the 2nd quarter. American Century Companies Inc. now owns 726,684 shares of the company’s stock worth $12,993,000 after purchasing an additional 123,838 shares in the last quarter. Finally, FIFTHDELTA Ltd acquired a new stake in shares of Li Auto in the 1st quarter valued at approximately $14,816,000. Institutional investors own 9.88% of the company’s stock.

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.