Li Auto (NASDAQ:LI) Upgraded at Nomura Securities

Nomura Securities upgraded shares of Li Auto (NASDAQ:LI) to a hold rating in a research report report published on Monday,Zacks.com reports.

Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. raised shares of Li Auto from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $22.00 to $40.00 in a research note on Friday, February 28th. HSBC set a $38.50 price target on shares of Li Auto and gave the company a “buy” rating in a research note on Thursday, March 6th. Finally, Macquarie downgraded shares of Li Auto from an “outperform” rating to a “neutral” rating and set a $27.00 price target on the stock. in a research note on Monday. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $35.73.

Li Auto Stock Performance

NASDAQ:LI opened at $27.52 on Monday. The company’s 50-day moving average is $25.76 and its two-hundred day moving average is $24.53. The firm has a market capitalization of $29.20 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 3.27 and a beta of 0.86. Li Auto has a 1-year low of $17.44 and a 1-year high of $34.10. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.76 and a quick ratio of 1.64.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Aspex Management HK Ltd grew its position in shares of Li Auto by 55.0% in the 3rd quarter. Aspex Management HK Ltd now owns 10,643,926 shares of the company’s stock valued at $273,017,000 after buying an additional 3,778,463 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Li Auto by 1.3% in the fourth quarter. Renaissance Technologies LLC now owns 7,800,639 shares of the company’s stock valued at $187,137,000 after acquiring an additional 99,539 shares in the last quarter. FMR LLC lifted its stake in shares of Li Auto by 422.4% in the third quarter. FMR LLC now owns 4,252,398 shares of the company’s stock valued at $109,074,000 after purchasing an additional 3,438,410 shares during the period. Brilliance Asset Management Ltd. lifted its stake in shares of Li Auto by 0.7% in the fourth quarter. Brilliance Asset Management Ltd. now owns 3,508,642 shares of the company’s stock valued at $84,172,000 after purchasing an additional 24,416 shares during the period. Finally, RWC Asset Advisors US LLC raised its position in Li Auto by 20.0% during the fourth quarter. RWC Asset Advisors US LLC now owns 3,181,050 shares of the company’s stock worth $76,313,000 after acquiring an additional 530,390 shares during the last quarter. 9.88% of the stock is owned by hedge funds and other institutional investors.

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.