Li Auto (NASDAQ:LI) Shares Down 5.1% – Time to Sell?

Li Auto Inc. (NASDAQ:LI)’s stock price traded down 5.1% during trading on Thursday . The company traded as low as $24.87 and last traded at $24.95. 1,750,173 shares were traded during trading, a decline of 59% from the average session volume of 4,311,561 shares. The stock had previously closed at $26.30.

Analyst Ratings Changes

LI has been the subject of several recent research reports. Macquarie raised Li Auto from a “neutral” rating to an “outperform” rating in a research report on Thursday, February 6th. Barclays lifted their price objective on Li Auto from $22.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Li Auto has a consensus rating of “Moderate Buy” and a consensus price target of $32.77.

Li Auto Stock Performance

The stock has a market cap of $27.42 billion, a PE ratio of 19.14, a PEG ratio of 1.39 and a beta of 0.92. The stock has a fifty day simple moving average of $23.66 and a two-hundred day simple moving average of $23.15. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.64 and a current ratio of 1.76.

Institutional Trading of Li Auto

Hedge funds and other institutional investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC bought a new stake in shares of Li Auto in the 3rd quarter worth about $39,000. Venturi Wealth Management LLC acquired a new position in Li Auto in the third quarter worth $50,000. BNP Paribas increased its stake in Li Auto by 300.0% during the third quarter. BNP Paribas now owns 2,000 shares of the company’s stock valued at $51,000 after purchasing an additional 1,500 shares during the last quarter. Avior Wealth Management LLC raised its holdings in shares of Li Auto by 708.5% during the third quarter. Avior Wealth Management LLC now owns 2,385 shares of the company’s stock worth $61,000 after purchasing an additional 2,090 shares during the period. Finally, Blue Trust Inc. lifted its position in shares of Li Auto by 55.9% in the 3rd quarter. Blue Trust Inc. now owns 3,043 shares of the company’s stock worth $78,000 after buying an additional 1,091 shares during the last quarter. 9.88% of the stock is owned by hedge funds and other institutional investors.

Li Auto Company Profile

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.