Li Auto (NASDAQ:LI) PT Lowered to $65.00 at Morgan Stanley

Li Auto (NASDAQ:LI) had its target price reduced by Morgan Stanley from $74.00 to $65.00 in a research report sent to investors on Monday, Benzinga reports. They currently have an overweight rating on the stock.

LI has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft raised Li Auto from a hold rating to a buy rating and decreased their target price for the company from $45.00 to $41.00 in a research note on Tuesday, February 6th. Citigroup dropped their target price on shares of Li Auto from $57.30 to $48.50 and set a buy rating on the stock in a report on Friday, March 22nd. 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 note on Monday, March 18th. Barclays reduced their price target on shares of Li Auto from $56.00 to $39.00 and set an overweight rating for the company in a research report on Friday, March 22nd. Finally, The Goldman Sachs Group began coverage on shares of Li Auto in a research report on Wednesday, January 3rd. They set a buy rating on the stock. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of Buy and an average target price of $48.58.

Li Auto Price Performance

Shares of NASDAQ LI opened at $30.18 on Monday. The firm’s 50-day simple moving average is $33.15 and its 200 day simple moving average is $35.02. The stock has a market cap of $32.02 billion, a P/E ratio of 19.47 and a beta of 1.11. The company has a quick ratio of 1.48, a current ratio of 1.57 and a debt-to-equity ratio of 0.03. Li Auto has a fifty-two week low of $21.48 and a fifty-two week high of $47.33.

Li Auto (NASDAQ:LI) last issued its quarterly earnings results on Monday, February 26th. The company reported $0.49 earnings per share for the quarter. The company had revenue of $5.88 billion during the quarter. Li Auto had a net margin of 9.44% and a return on equity of 18.37%. Equities analysts expect that Li Auto will post 2.06 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Marshall Wace LLP purchased a new stake in shares of Li Auto during the 2nd quarter worth about $50,178,000. NEW THINKING HONG KONG INVESTMENT MANAGEMENT CO. Ltd increased its holdings in Li Auto by 63.4% in the fourth quarter. NEW THINKING HONG KONG INVESTMENT MANAGEMENT CO. Ltd now owns 187,606 shares of the company’s stock worth $7,022,000 after buying an additional 72,798 shares during the last quarter. Tudor Investment Corp Et Al raised its position in Li Auto by 603.8% during the third quarter. Tudor Investment Corp Et Al now owns 160,099 shares of the company’s stock valued at $5,708,000 after acquiring an additional 137,350 shares in the last quarter. Rafferty Asset Management LLC raised its position in Li Auto by 123.4% during the third quarter. Rafferty Asset Management LLC now owns 21,992 shares of the company’s stock valued at $784,000 after acquiring an additional 12,149 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in Li Auto in the third quarter valued at approximately $6,787,000. Institutional investors and hedge funds own 9.88% of the company’s stock.

About Li Auto

Li Auto Inc, through its subsidiaries, designs, develops, manufactures, and sells new energy vehicles in the People's Republic of China. The company provides Li ONE and Li L series smart electric vehicles. It also offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment.