Li Auto Inc. (NASDAQ:LI – Get Free Report) was down 5.1% during trading on Thursday . The stock traded as low as $24.87 and last traded at $24.95. Approximately 1,750,173 shares were traded during trading, a decline of 59% from the average daily volume of 4,311,561 shares. The stock had previously closed at $26.30.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on LI shares. Macquarie upgraded shares of Li Auto from a “neutral” rating to an “outperform” rating in a report on Thursday, February 6th. Barclays raised their price target on Li Auto from $22.00 to $31.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $32.77.
Get Our Latest Stock Analysis on Li Auto
Li Auto Stock Up 2.5 %
Institutional Investors Weigh In On Li Auto
A number of institutional investors and hedge funds have recently made changes to their positions in LI. Northern Trust Corp lifted its stake in shares of Li Auto by 38.0% in the 4th quarter. Northern Trust Corp now owns 488,151 shares of the company’s stock worth $11,711,000 after acquiring an additional 134,301 shares during the period. Dark Forest Capital Management LP acquired a new position in Li Auto during the 4th quarter worth approximately $364,000. SIH Partners LLLP raised its stake in shares of Li Auto by 4.2% during the 4th quarter. SIH Partners LLLP now owns 501,730 shares of the company’s stock worth $12,037,000 after buying an additional 20,450 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Li Auto in the 4th quarter valued at approximately $335,000. Finally, First Trust Advisors LP boosted its stake in shares of Li Auto by 15.2% in the fourth quarter. First Trust Advisors LP now owns 10,014 shares of the company’s stock valued at $240,000 after buying an additional 1,324 shares in 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.
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