Li Auto (NASDAQ:LI) PT Lowered to $53.00 at Morgan Stanley

Li Auto (NASDAQ:LI) had its price objective reduced by Morgan Stanley from $65.00 to $53.00 in a research report sent to investors on Tuesday, Benzinga reports. Morgan Stanley currently has an overweight rating on the stock.

LI has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft upgraded shares of Li Auto from a hold rating to a buy rating and dropped their target price for the company from $45.00 to $41.00 in a research report on Tuesday, February 6th. Macquarie started coverage on Li Auto in a research note on Monday, April 15th. They issued an outperform rating and a $40.00 target price for the company. Citigroup decreased their target price on Li Auto from $57.30 to $48.50 and set a buy rating for the company in a research report on Friday, March 22nd. Bank of America cut their price target on Li Auto from $41.00 to $36.00 and set a buy rating on the stock in a report on Tuesday. Finally, Barclays decreased their price objective on Li Auto from $25.00 to $22.00 and set an equal weight rating for the company in a report on Tuesday. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Li Auto has a consensus rating of Moderate Buy and a consensus price target of $40.50.

Li Auto Stock Performance

Shares of Li Auto stock opened at $19.58 on Tuesday. The business has a 50-day moving average price of $28.18 and a two-hundred day moving average price of $32.62. Li Auto has a 1-year low of $19.38 and a 1-year high of $47.33. The company has a current ratio of 1.53, a quick ratio of 1.48 and a debt-to-equity ratio of 0.04. The company has a market cap of $20.77 billion, a P/E ratio of 13.05, a PEG ratio of 1.84 and a beta of 1.10.

Li Auto (NASDAQ:LI) last released its earnings results on Monday, February 26th. The company reported $0.49 EPS for the quarter. Li Auto had a return on equity of 16.65% and a net margin of 8.73%. The business had revenue of $5.88 billion during the quarter. As a group, analysts anticipate that Li Auto will post 1.43 EPS for the current year.

Hedge Funds Weigh In On Li Auto

Several large investors have recently bought and sold shares of the stock. Signaturefd LLC grew its stake in shares of Li Auto by 7.1% in the 3rd quarter. Signaturefd LLC now owns 8,613 shares of the company’s stock worth $307,000 after acquiring an additional 569 shares in the last quarter. Quantbot Technologies LP purchased a new position in Li Auto during the third quarter worth about $1,598,000. Van ECK Associates Corp grew its position in Li Auto by 1.7% in the 3rd quarter. Van ECK Associates Corp now owns 236,462 shares of the company’s stock worth $8,430,000 after purchasing an additional 3,886 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in Li Auto by 4.4% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 19,650 shares of the company’s stock valued at $701,000 after buying an additional 823 shares during the last quarter. Finally, Pathstone Family Office LLC bought a new position in shares of Li Auto during the 3rd quarter worth approximately $431,000. 9.88% of the stock is currently owned by 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.