Li Auto (NASDAQ:LI) Rating Increased to Sell 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 report released on Saturday morning.

A number of other equities analysts also recently weighed in on the company. Bank of America restated a “neutral” rating and issued a $18.00 target price on shares of Li Auto in a research note on Thursday, May 28th. Zacks Research raised shares of Li Auto from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 15th. Sanford C. Bernstein restated a “market perform” rating and set a $14.50 price target on shares of Li Auto in a research report on Wednesday. Barclays reduced their price target on shares of Li Auto from $18.00 to $14.00 and set an “equal weight” rating for the company in a research report on Friday, May 29th. Finally, Piper Sandler lowered their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Li Auto currently has an average rating of “Hold” and an average price target of $16.28.

Li Auto Trading Up 0.4%

NASDAQ LI opened at $12.23 on Friday. Li Auto has a 12 month low of $11.65 and a 12 month high of $27.10. The company has a current ratio of 1.81, a quick ratio of 1.75 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $13.10 billion, a P/E ratio of -18.25 and a beta of 0.55. The business has a fifty day simple moving average of $12.48 and a 200 day simple moving average of $15.59.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LI. Tidal Investments LLC boosted its holdings in Li Auto by 1.0% in 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 period. Corient Private Wealth LLC increased its holdings in shares of Li Auto by 8.6% in the second quarter. Corient Private Wealth LLC now owns 11,955 shares of the company’s stock worth $324,000 after purchasing an additional 951 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Li Auto by 4.3% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 27,113 shares of the company’s stock worth $459,000 after purchasing an additional 1,121 shares during the period. Ballentine Partners LLC raised its position in shares of Li Auto by 9.6% in the fourth quarter. Ballentine Partners LLC now owns 13,786 shares of the company’s stock worth $233,000 after buying an additional 1,208 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of 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 buying an additional 1,230 shares in the last quarter. Institutional investors own 9.88% of the company’s stock.

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.