Li Auto (NASDAQ:LI) Cut to Strong Sell at Zacks Research

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

Several other research analysts also recently commented on LI. Wall Street Zen downgraded Li Auto from a “sell” rating to a “strong sell” rating in a research note on Sunday, September 6th. Weiss Ratings reissued a “sell (d)” rating on shares of Li Auto in a report on Wednesday, August 26th. Sanford C. Bernstein restated a “market perform” rating and issued a $14.50 price target on shares of Li Auto in a research note on Wednesday, August 26th. Finally, Piper Sandler decreased their price target on shares of Li Auto from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, August 27th. Ten investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $16.28.

Li Auto Trading Up 0.2%

Shares of LI stock opened at $11.20 on Monday. The stock’s fifty day moving average price is $11.60 and its two-hundred day moving average price is $14.76. The company has a market cap of $11.60 billion, a PE ratio of -16.72 and a beta of 0.40. Li Auto has a fifty-two week low of $10.66 and a fifty-two week high of $20.57. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.65 and a current ratio of 1.81.

Li Auto (NASDAQ:LI) last issued its quarterly earnings results on Friday, July 31st. The company reported ($0.22) earnings per share (EPS) for the quarter. Li Auto had a negative net margin of 4.44% and a negative return on equity of 6.58%. The business had revenue of $3.78 billion during the quarter. Equities analysts predict that Li Auto will post -0.72 EPS for the current fiscal year.

Hedge Funds Weigh In On Li Auto

Institutional investors and hedge funds have recently bought and sold shares of the company. Barometer Capital Management Inc. bought a new position in Li Auto in the 1st quarter valued at approximately $1,548,000. Quantinno Capital Management LP boosted its position in Li Auto by 160.6% during the 1st quarter. Quantinno Capital Management LP now owns 192,668 shares of the company’s stock worth $3,435,000 after buying an additional 118,733 shares during the period. Headlands Technologies LLC acquired a new stake in Li Auto during the 2nd quarter worth approximately $1,133,000. Xiamen Xinweidachuang Investment Partnership Limited Partnership bought a new stake in Li Auto during the 2nd quarter worth approximately $57,833,177. Finally, Hsbc Holdings PLC grew its holdings in Li Auto by 648.8% during the 4th quarter. Hsbc Holdings PLC now owns 727,702 shares of the company’s stock worth $12,259,000 after acquiring an additional 630,516 shares during the last quarter. Institutional investors and hedge funds own 9.88% of the company’s stock.

About Li Auto

Li Auto Inc is a Chinese automaker that designs, develops, manufactures and sells new energy vehicles. The company focuses on smart electric vehicles, including extended-range electric vehicles that combine a battery-powered drivetrain with an onboard engine generator, as well as battery-electric vehicles.

Its product lineup has included the Li ONE and the L-series range-extended electric SUVs, such as the Li L6, Li L7, Li L8 and Li L9. The company has also developed the Li MEGA, a battery-electric multi-purpose vehicle.