Li Auto (NASDAQ:LI) Rating Lowered to “Strong Sell” at Wall Street Zen

Li Auto (NASDAQ:LI) was downgraded by stock analysts at Wall Street Zen from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Sunday, Wall Street Zen reports.

Several other brokerages have also recently commented on LI. Bank of America reiterated a “neutral” rating and set a $18.00 price target on shares of Li Auto in a research report on Thursday, May 28th. Piper Sandler decreased their price objective on Li Auto from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, August 27th. HSBC lowered their target price 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 reiterated a “sell (d)” rating on shares of Li Auto in a research report on Wednesday, August 26th. Finally, 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, August 26th. 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. Based on data from MarketBeat.com, Li Auto currently has an average rating of “Reduce” and an average price target of $16.28.

Li Auto Stock Performance

Shares of Li Auto stock opened at $12.37 on Friday. The company has a current ratio of 1.81, a quick ratio of 1.65 and a debt-to-equity ratio of 0.11. Li Auto has a twelve month low of $11.65 and a twelve month high of $27.10. The firm has a market capitalization of $13.25 billion, a PE ratio of -18.46 and a beta of 0.55. The firm’s 50-day moving average price is $12.46 and its 200 day moving average price is $15.29.

Li Auto (NASDAQ:LI) last posted its quarterly earnings data on Friday, August 14th. The company reported ($0.22) EPS for the quarter. The firm had revenue of $3.78 billion for the quarter. Li Auto had a negative return on equity of 6.58% and a negative net margin of 4.44%. On average, sell-side analysts predict that Li Auto will post -0.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Li Auto

A number of institutional investors have recently modified their holdings of LI. Tidal Investments LLC boosted its stake in shares of 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 buying an additional 856 shares during the period. Corient Private Wealth LLC raised its stake in Li Auto by 8.6% during the 2nd quarter. Corient Private Wealth LLC now owns 11,955 shares of the company’s stock worth $324,000 after acquiring an additional 951 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its position in shares of Li Auto by 4.3% during 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 in the last quarter. Ballentine Partners LLC increased its position in Li Auto by 9.6% during 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 during the period. Finally, Geode Capital Management LLC raised its position in Li Auto by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 176,684 shares of the company’s stock valued at $4,790,000 after purchasing an additional 1,230 shares during the last quarter. 9.88% of the stock is owned by institutional investors and hedge funds.

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.