Li Auto (NASDAQ:LI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Li Auto (NASDAQ:LI) from a strong sell rating to a sell rating in a research note released on Saturday morning,Wall Street Zen reports.

A number of other analysts have also recently weighed in on the stock. HSBC reduced their target price on shares of Li Auto from $17.20 to $15.60 and set a “hold” rating for the company in a report on Wednesday, June 10th. Sanford C. Bernstein reiterated a “market perform” rating and set a $14.50 price objective on shares of Li Auto in a research report on Wednesday, August 26th. Piper Sandler cut their price objective on Li Auto from $15.00 to $13.00 and set a “neutral” rating for the company in a research report on Thursday. Zacks Research raised Li Auto from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 15th. Finally, Barclays decreased their target price on Li Auto from $18.00 to $14.00 and set an “equal weight” rating on the stock in a report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $16.28.

Li Auto Trading Down 1.1%

Li Auto stock opened at $12.10 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.65 and a current ratio of 1.81. The firm’s 50-day moving average is $12.46 and its 200-day moving average is $15.52. Li Auto has a 1 year low of $11.65 and a 1 year high of $27.10. The company has a market cap of $12.96 billion, a P/E ratio of -18.06 and a beta of 0.55.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Xiamen Xinweidachuang Investment Partnership Limited Partnership acquired a new stake in shares of Li Auto during the second quarter valued at approximately $57,833,177. Goldman Sachs Group Inc. boosted 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 worth $66,431,000 after purchasing an additional 1,505,991 shares during the period. SIH Partners LLLP boosted its stake in Li Auto by 184.7% in the 4th quarter. SIH Partners LLLP now owns 2,199,063 shares of the company’s stock worth $37,230,000 after purchasing an additional 1,426,745 shares during the period. Hsbc Holdings PLC grew its position 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 purchasing an additional 630,516 shares in the last quarter. Finally, Barclays PLC grew its position in Li Auto by 167.0% during the 4th quarter. Barclays PLC now owns 536,718 shares of the company’s stock worth $9,087,000 after purchasing an additional 335,718 shares in the last quarter. 9.88% of the stock is owned by hedge funds and other 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.