Zacks Research Upgrades Li Auto (NASDAQ:LI) to Hold

Li Auto (NASDAQ:LI) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other analysts also recently weighed in on the company. Cfra Research upgraded Li Auto from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 10th. BNP Paribas Exane assumed coverage on Li Auto in a research report on Monday, August 18th. They set an “underperform” rating and a $18.00 target price for the company. Macquarie downgraded Li Auto from a “neutral” rating to an “underperform” rating and cut their target price for the company from $28.00 to $21.00 in a research report on Friday, August 22nd. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $28.00 target price (down from $33.00) on shares of Li Auto in a research report on Thursday, August 14th. Finally, CLSA upgraded Li Auto to a “strong-buy” rating in a research report on Monday, September 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $25.79.

Li Auto Stock Performance

LI opened at $25.34 on Monday. The business has a fifty day simple moving average of $25.09 and a 200 day simple moving average of $26.07. The company has a market capitalization of $26.53 billion, a PE ratio of 24.13 and a beta of 0.97. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.73 and a quick ratio of 1.57. Li Auto has a 1 year low of $19.10 and a 1 year high of $33.12.

Hedge Funds Weigh In On Li Auto

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Corient Private Wealth LLC increased its holdings in Li Auto by 8.6% in the 2nd quarter. Corient Private Wealth LLC now owns 11,955 shares of the company’s stock worth $324,000 after purchasing an additional 951 shares in the last quarter. China Universal Asset Management Co. Ltd. increased its holdings in Li Auto by 12.5% in the 2nd quarter. China Universal Asset Management Co. Ltd. now owns 27,000 shares of the company’s stock worth $732,000 after purchasing an additional 3,000 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in Li Auto by 497.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 76,728 shares of the company’s stock worth $2,080,000 after purchasing an additional 63,881 shares in the last quarter. Tidal Investments LLC increased 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 worth $2,407,000 after purchasing an additional 856 shares in the last quarter. Finally, LMR Partners LLP increased its holdings in Li Auto by 2,697.4% in the 2nd quarter. LMR Partners LLP now owns 675,500 shares of the company’s stock worth $18,313,000 after purchasing an additional 651,353 shares in the last quarter. Institutional investors and hedge funds own 9.88% of the company’s stock.

Li Auto Company Profile

Li Auto Inc operates in the energy vehicle market in the People's Republic of China. It designs, develops, manufactures, and sells premium smart electric vehicles. The company's product line comprises MPVs and sport utility vehicles. It offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment.