Li Auto (NASDAQ:LI) Shares Gap Down – Should You Sell?

Li Auto Inc. (NASDAQ:LI) shares gapped down before the market opened on Tuesday . The stock had previously closed at $26.37, but opened at $25.26. Li Auto shares last traded at $25.07, with a volume of 736,347 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Barclays upped their target price on shares of Li Auto from $22.00 to $31.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Macquarie raised Li Auto from a “neutral” rating to an “outperform” rating in a report on Thursday, February 6th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $32.77.

Li Auto Stock Down 4.0 %

The company has a current ratio of 1.76, a quick ratio of 1.64 and a debt-to-equity ratio of 0.13. The firm has a market cap of $26.85 billion, a P/E ratio of 18.69, a price-to-earnings-growth ratio of 1.39 and a beta of 0.92. The firm’s 50 day moving average is $23.41 and its two-hundred day moving average is $23.03.

Institutional Trading of Li Auto

Hedge funds and other institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new position in shares of Li Auto during the 3rd quarter worth about $39,000. Venturi Wealth Management LLC acquired a new position in Li Auto during the third quarter valued at approximately $50,000. BNP Paribas grew its stake in Li Auto by 300.0% in the third quarter. BNP Paribas now owns 2,000 shares of the company’s stock valued at $51,000 after purchasing an additional 1,500 shares in the last quarter. Avior Wealth Management LLC increased its position in shares of Li Auto by 708.5% during the 3rd quarter. Avior Wealth Management LLC now owns 2,385 shares of the company’s stock worth $61,000 after purchasing an additional 2,090 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Li Auto by 55.9% during the 3rd quarter. Blue Trust Inc. now owns 3,043 shares of the company’s stock worth $78,000 after purchasing an additional 1,091 shares in the last quarter. Institutional investors and hedge funds own 9.88% of the company’s stock.

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.