Li Auto (NASDAQ:LI) Stock Rating Upgraded by Zacks Research

Li Auto (NASDAQ:LI) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

A number of other equities research analysts have also recently weighed in on LI. The Goldman Sachs Group cut Li Auto from a “buy” rating to a “neutral” rating and set a $19.00 price target on the stock. in a research note on Tuesday, March 17th. Barclays cut their price target on shares of Li Auto from $18.00 to $14.00 and set an “equal weight” rating for the company in a report on Friday, May 29th. Weiss Ratings cut Li Auto from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 29th. Bank of America reissued a “neutral” rating and issued a $18.00 price objective on shares of Li Auto in a research note on Thursday, May 28th. Finally, HSBC dropped their price target on shares of Li Auto from $17.20 to $15.60 and set a “hold” rating on the stock in a research report on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Li Auto currently has an average rating of “Hold” and an average target price of $17.30.

Li Auto Price Performance

Shares of NASDAQ LI opened at $12.86 on Wednesday. The company has a quick ratio of 1.75, a current ratio of 1.88 and a debt-to-equity ratio of 0.06. The business’s 50 day moving average price is $14.35 and its two-hundred day moving average price is $16.51. The company has a market cap of $13.78 billion, a PE ratio of -45.93 and a beta of 0.56. Li Auto has a twelve month low of $11.65 and a twelve month high of $32.03.

Li Auto (NASDAQ:LI) last released its quarterly earnings data on Friday, May 15th. The company reported ($0.15) earnings per share (EPS) for the quarter. Li Auto had a negative net margin of 1.72% and a negative return on equity of 2.58%. The business had revenue of $3.33 billion during the quarter. On average, analysts predict that Li Auto will post -0.07 EPS for the current year.

Institutional Trading of Li Auto

Large investors have recently added to or reduced their stakes in the stock. Tidal Investments LLC raised its holdings in shares of Li Auto by 1.0% in the 2nd quarter. Tidal Investments LLC now owns 88,772 shares of the company’s stock worth $2,407,000 after purchasing an additional 856 shares during the period. Corient Private Wealth LLC boosted its stake in Li Auto by 8.6% in the 2nd quarter. Corient Private Wealth LLC now owns 11,955 shares of the company’s stock worth $324,000 after purchasing an additional 951 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Li Auto by 4.3% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 27,113 shares of the company’s stock worth $459,000 after buying an additional 1,121 shares in the last quarter. Ballentine Partners LLC boosted its holdings in Li Auto by 9.6% in the 4th quarter. Ballentine Partners LLC now owns 13,786 shares of the company’s stock valued at $233,000 after purchasing an additional 1,208 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Li Auto by 0.7% during the second quarter. Geode Capital Management LLC now owns 176,684 shares of the company’s stock valued at $4,790,000 after buying an additional 1,230 shares during the period. Hedge funds and other institutional investors own 9.88% of the company’s stock.

Li Auto Company Profile

Li Auto Inc is a Chinese automotive company that develops, manufactures and sells smart electric vehicles, with an early focus on range-extended electric SUVs designed for family use. The company is headquartered in China and serves the domestic market through a combination of online channels and a network of retail/showroom locations. Li Auto was founded to address range-anxiety in electric vehicle buyers by integrating a small internal-combustion engine as a range extender alongside a large battery, enabling longer driving range while retaining electric driving characteristics.

The company’s product lineup centers on multi?occupant SUVs that combine electric propulsion, advanced in?vehicle connectivity and driver?assistance features.