Li Auto (NASDAQ:LI) Stock Rating Upgraded by Nomura Securities

Li Auto (NASDAQ:LI) was upgraded by investment analysts at Nomura Securities to a “hold” rating in a research note issued on Monday,Zacks.com reports.

LI has been the subject of a number of other research reports. Macquarie cut shares of Li Auto from an “outperform” rating to a “neutral” rating and set a $27.00 target price for the company. in a research note on Monday. JPMorgan Chase & Co. upgraded Li Auto from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $22.00 to $40.00 in a research note on Friday, February 28th. Finally, 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. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $35.73.

Li Auto Price Performance

Shares of NASDAQ LI opened at $27.52 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.64 and a current ratio of 1.76. The firm has a fifty day moving average of $25.76 and a 200 day moving average of $24.53. The firm has a market cap of $29.20 billion, a PE ratio of 20.39, a PEG ratio of 3.27 and a beta of 0.86. Li Auto has a one year low of $17.44 and a one year high of $34.10.

Institutional Investors Weigh In On Li Auto

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BNP Paribas boosted its stake in Li Auto by 300.0% during the third quarter. BNP Paribas now owns 2,000 shares of the company’s stock worth $51,000 after buying an additional 1,500 shares during the last quarter. Avior Wealth Management LLC grew its holdings in shares of Li Auto by 708.5% in the third quarter. Avior Wealth Management LLC now owns 2,385 shares of the company’s stock valued at $61,000 after purchasing an additional 2,090 shares during the period. Daiwa Securities Group Inc. increased its position in Li Auto by 16.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the company’s stock worth $84,000 after purchasing an additional 500 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in Li Auto during the fourth quarter worth about $129,000. Finally, Blue Trust Inc. boosted its holdings in Li Auto by 66.2% in the 4th quarter. Blue Trust Inc. now owns 5,058 shares of the company’s stock valued at $130,000 after purchasing an additional 2,015 shares during the last quarter. Institutional investors and hedge funds 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.