Li Auto (NASDAQ:LI – Get Free Report) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Monday, Zacks reports.
A number of other equities analysts have also commented on the company. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $14.50 price objective on shares of Li Auto in a research note on Wednesday, August 26th. Weiss Ratings reissued a “sell (d)” rating on shares of Li Auto in a research report on Wednesday, August 26th. Wall Street Zen lowered shares of Li Auto from a “sell” rating to a “strong sell” rating in a report on Sunday, September 6th. Finally, Piper Sandler dropped their price target on shares of Li Auto from $15.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, August 27th. Ten analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $16.28.
Check Out Our Latest Report on LI
Li Auto Stock Up 0.2%
Shares of NASDAQ:LI opened at $11.20 on Monday. The firm has a market cap of $11.60 billion, a P/E ratio of -16.72 and a beta of 0.40. Li Auto has a 12-month low of $10.66 and a 12-month high of $20.57. The business has a fifty day simple moving average of $11.60 and a 200 day simple moving average of $14.76. 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 – Get Free Report) last released its quarterly earnings results on Friday, July 31st. The company reported ($0.22) EPS for the quarter. The company 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%. Analysts predict that Li Auto will post -0.72 earnings per share for the current year.
Institutional Trading of Li Auto
Several hedge funds have recently modified their holdings of the stock. Barometer Capital Management Inc. acquired a new position in shares of Li Auto during the 1st quarter valued at $1,548,000. Quantinno Capital Management LP grew its holdings in Li Auto by 160.6% in the first quarter. Quantinno Capital Management LP now owns 192,668 shares of the company’s stock worth $3,435,000 after purchasing an additional 118,733 shares during the period. Headlands Technologies LLC acquired a new stake in Li Auto in the second quarter worth $1,133,000. Xiamen Xinweidachuang Investment Partnership Limited Partnership acquired a new stake in Li Auto in the second quarter worth $57,833,177. Finally, Hsbc Holdings PLC increased its stake in Li Auto by 648.8% in 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 in the last quarter. Institutional investors 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.
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