Li Auto (NASDAQ:LI) Given New $36.00 Price Target at Bank of America

Li Auto (NASDAQ:LI) had its price target decreased by Bank of America from $41.00 to $36.00 in a research note published on Tuesday morning, Benzinga reports. Bank of America currently has a buy rating on the stock.

Several other equities research analysts also recently issued reports on the company. Barclays downgraded Li Auto from an overweight rating to an equal weight rating and decreased their price target for the stock from $39.00 to $25.00 in a report on Thursday, April 25th. Morgan Stanley lowered their target price on shares of Li Auto from $74.00 to $65.00 and set an overweight rating for the company in a report on Monday, March 25th. Deutsche Bank Aktiengesellschaft upgraded shares of Li Auto from a hold rating to a buy rating and cut their price target for the stock from $45.00 to $41.00 in a report 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 research report on Friday, March 22nd. Finally, Macquarie began coverage on Li Auto in a research report on Monday, April 15th. They set an outperform rating and a $40.00 price target for the company. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $40.50.

Li Auto Price Performance

Shares of NASDAQ:LI opened at $20.31 on Tuesday. The stock’s 50 day moving average is $27.83 and its 200-day moving average is $32.48. Li Auto has a twelve month low of $19.38 and a twelve month high of $47.33. The company has a quick ratio of 1.48, a current ratio of 1.53 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $21.55 billion, a price-to-earnings ratio of 13.54, a PEG ratio of 1.72 and a beta of 1.10.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Brilliance Asset Management Ltd. grew its holdings in Li Auto by 6.9% during the 4th quarter. Brilliance Asset Management Ltd. now owns 4,639,798 shares of the company’s stock valued at $173,668,000 after buying an additional 299,531 shares in the last quarter. Franchise Capital Ltd lifted its stake in Li Auto by 163.2% in 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 in the last quarter. Ninety One UK Ltd bought a new position in Li Auto in the 4th quarter valued at $35,896,000. SIH Partners LLLP raised its position in shares of Li Auto by 508.2% in the first quarter. SIH Partners LLLP now owns 890,900 shares of the company’s stock worth $26,976,000 after buying an additional 744,419 shares in the last quarter. Finally, Ariose Capital Management Ltd bought a new stake in Li Auto during the fourth quarter valued at $29,555,000. Hedge funds and other 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.