Wall Street Zen lowered shares of Li Auto (NASDAQ:LI – Free Report) from a sell rating to a strong sell rating in a report published on Sunday,Wall Street Zen reports.
LI has been the topic of several other research reports. Piper Sandler cut their price objective on Li Auto from $15.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, August 27th. Weiss Ratings reiterated a “sell (d)” rating on shares of Li Auto in a research report on Wednesday, August 26th. Barclays lowered their target price on shares of Li Auto from $18.00 to $14.00 and set an “equal weight” rating for the company in a research note on Friday, May 29th. Sanford C. Bernstein restated a “market perform” rating and issued a $14.50 price target on shares of Li Auto in a report on Wednesday, August 26th. Finally, HSBC reduced 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 note on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $16.28.
View Our Latest Stock Analysis on LI
Li Auto Stock Performance
Li Auto (NASDAQ:LI – Get Free Report) last released its earnings results on Friday, July 31st. The company reported ($0.22) 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 for the quarter. Research analysts forecast that Li Auto will post -0.15 EPS for the current year.
Hedge Funds Weigh In On Li Auto
Institutional investors and hedge funds have recently bought and sold shares of the company. Tidal Investments LLC lifted its holdings in shares of Li Auto by 1.0% during the 2nd quarter. Tidal Investments LLC now owns 88,772 shares of the company’s stock valued at $2,407,000 after purchasing an additional 856 shares during the last quarter. Corient Private Wealth LLC increased its position in Li Auto by 8.6% during the 2nd quarter. Corient Private Wealth LLC now owns 11,955 shares of the company’s stock valued at $324,000 after buying an additional 951 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its position in Li Auto by 4.3% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 27,113 shares of the company’s stock valued at $459,000 after buying an additional 1,121 shares in the last quarter. Ballentine Partners LLC raised its stake in Li Auto by 9.6% in the fourth quarter. Ballentine Partners LLC now owns 13,786 shares of the company’s stock valued at $233,000 after buying an additional 1,208 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Li Auto by 0.7% in 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 last quarter. 9.88% of the stock is owned by hedge funds and other institutional investors.
About Li Auto
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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