Li Auto (NASDAQ:LI) Stock Rating Upgraded by Wall Street Zen

Li Auto (NASDAQ:LI) was upgraded by equities research analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a note issued to investors on Saturday.

A number of other research analysts also recently issued reports on the company. Piper Sandler reduced their price objective on Li Auto from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday. Barclays lowered their target price on Li Auto from $18.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Friday, May 29th. Sanford C. Bernstein restated a “market perform” rating and set a $14.50 price target on shares of Li Auto in a research report on Wednesday. HSBC reduced their price target on shares of Li Auto from $17.20 to $15.60 and set a “hold” rating for the company in a research report on Wednesday, June 10th. Finally, Bank of America reaffirmed a “neutral” rating and issued a $18.00 price objective on shares of Li Auto in a research report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Li Auto presently has a consensus rating of “Hold” and an average price target of $16.28.

Li Auto Price Performance

Shares of NASDAQ LI opened at $12.23 on Friday. Li Auto has a twelve month low of $11.65 and a twelve month high of $27.10. The stock’s 50 day moving average price is $12.48 and its 200-day moving average price is $15.57. The company has a market capitalization of $13.10 billion, a PE ratio of -18.25 and a beta of 0.55. The company has a quick ratio of 1.65, a current ratio of 1.81 and a debt-to-equity ratio of 0.11.

Li Auto (NASDAQ:LI) last released its earnings results on Friday, August 14th. The company reported ($0.22) earnings per share (EPS) for the quarter. The business had revenue of $3.78 billion during the quarter. Li Auto had a negative net margin of 4.44% and a negative return on equity of 6.58%. On average, equities analysts anticipate that Li Auto will post -0.13 EPS for the current year.

Institutional Trading of Li Auto

Several hedge funds have recently made changes to their positions in the company. Xiamen Xinweidachuang Investment Partnership Limited Partnership purchased a new position in shares of Li Auto during the 2nd quarter valued at $57,833,177. Goldman Sachs Group Inc. raised its stake in Li Auto by 133.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,636,156 shares of the company’s stock valued at $66,431,000 after acquiring an additional 1,505,991 shares during the period. SIH Partners LLLP lifted its holdings in Li Auto by 184.7% during the fourth quarter. SIH Partners LLLP now owns 2,199,063 shares of the company’s stock valued at $37,230,000 after purchasing an additional 1,426,745 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in Li Auto by 648.8% during the fourth quarter. Hsbc Holdings PLC now owns 727,702 shares of the company’s stock valued at $12,259,000 after purchasing an additional 630,516 shares during the last quarter. Finally, Barclays PLC boosted its position in Li Auto by 167.0% during the fourth quarter. Barclays PLC now owns 536,718 shares of the company’s stock worth $9,087,000 after purchasing an additional 335,718 shares during the period. 9.88% of the stock is currently owned by institutional investors.

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.