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

Li Auto (NASDAQ:LIGet Free Report) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Thursday,Zacks.com reports.

Several other research analysts have also issued reports on LI. Wall Street Zen raised shares of Li Auto from a “strong sell” rating to a “sell” rating in a research note on Sunday, April 12th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Li Auto in a research note on Friday, March 27th. BNP Paribas Exane raised shares of Li Auto from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 22nd. The Goldman Sachs Group lowered shares of Li Auto from a “buy” rating to a “neutral” rating and set a $19.00 target price on the stock. in a research note on Tuesday, March 17th. Finally, Barclays reduced their target price on shares of Li Auto from $18.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $17.55.

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Li Auto Stock Down 3.4%

Shares of NASDAQ LI opened at $15.01 on Thursday. The firm has a market capitalization of $16.03 billion, a PE ratio of -53.61 and a beta of 0.63. The company has a current ratio of 1.81, a quick ratio of 1.68 and a debt-to-equity ratio of 0.05. Li Auto has a 1 year low of $14.90 and a 1 year high of $32.03. The firm’s 50-day moving average is $17.76 and its 200-day moving average is $17.66.

Li Auto (NASDAQ:LIGet Free Report) last issued its earnings results on Friday, May 15th. The company reported ($0.15) earnings per share (EPS) for the quarter. The business had revenue of $3.33 billion during the quarter. Li Auto had a negative net margin of 1.72% and a negative return on equity of 2.58%. Equities analysts expect that Li Auto will post 0.12 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. ABC Arbitrage SA bought a new position in Li Auto during the 3rd quarter worth approximately $865,000. SG Americas Securities LLC boosted its stake in Li Auto by 324.2% during the 4th quarter. SG Americas Securities LLC now owns 342,025 shares of the company’s stock worth $5,790,000 after acquiring an additional 261,389 shares during the last quarter. Victory Financial Group LLC bought a new position in Li Auto during the 4th quarter worth approximately $638,000. Maxi Investments CY Ltd bought a new position in Li Auto during the 3rd quarter worth approximately $16,040,000. Finally, American Century Companies Inc. boosted its stake in Li Auto by 4.6% during the 3rd quarter. American Century Companies Inc. now owns 1,355,616 shares of the company’s stock worth $34,351,000 after acquiring an additional 60,172 shares during the last quarter. Institutional investors own 9.88% of the company’s stock.

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Li Auto Company Profile

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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.

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