Li Auto (NASDAQ:LI – Get Free Report) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.
Other analysts have also issued reports about the stock. Barclays dropped their price target on shares of Li Auto from $18.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Friday, May 29th. Bank of America reiterated a “neutral” rating and set a $18.00 target price on shares of Li Auto in a research report on Thursday, May 28th. HSBC decreased their price objective 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. Weiss Ratings downgraded Li Auto from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 29th. Finally, The Goldman Sachs Group lowered Li Auto from a “buy” rating to a “neutral” rating and set a $19.00 price target on the stock. in a research note on Tuesday, March 17th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $17.30.
Read Our Latest Stock Analysis on Li Auto
Li Auto Trading Up 1.0%
Li Auto (NASDAQ:LI – Get Free Report) last released its earnings results on Friday, May 15th. The company reported ($0.15) earnings per share (EPS) for the quarter. The company 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%. On average, equities analysts expect that Li Auto will post -0.07 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. Goldman Sachs Group Inc. grew its stake in shares of Li Auto by 133.3% in the first 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 last quarter. Empowered Funds LLC acquired a new position in shares of Li Auto during the first quarter valued at about $506,000. Geode Capital Management LLC boosted its holdings in Li Auto by 0.7% in the second quarter. Geode Capital Management LLC now owns 176,684 shares of the company’s stock worth $4,790,000 after acquiring an additional 1,230 shares in the last quarter. Quantinno Capital Management LP increased its holdings in shares of Li Auto by 22.0% during the second quarter. Quantinno Capital Management LP now owns 35,076 shares of the company’s stock valued at $951,000 after acquiring an additional 6,331 shares in the last quarter. Finally, Boothbay Fund Management LLC raised its position in shares of Li Auto by 320.1% during the second quarter. Boothbay Fund Management LLC now owns 37,486 shares of the company’s stock worth $1,016,000 after purchasing an additional 28,563 shares during the period. 9.88% of the stock is currently owned by 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.
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