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

Wall Street Zen downgraded shares of Li Auto (NASDAQ:LI) from a sell rating to a strong sell rating in a research note published on Sunday,Wall Street Zen reports.

Several other analysts also recently commented on the stock. Piper Sandler dropped their target price on shares of Li Auto from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, August 27th. Weiss Ratings reiterated a “sell (d)” rating on shares of Li Auto in a report on Wednesday, August 26th. Sanford C. Bernstein reissued a “market perform” rating and set a $14.50 price objective on shares of Li Auto in a research report on Wednesday, August 26th. Zacks Research lowered shares of Li Auto from a “hold” rating to a “strong sell” rating in a report on Friday, August 28th. Finally, Bank of America reaffirmed a “neutral” rating and issued a $18.00 price objective on shares of Li Auto in a research report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Li Auto presently has an average rating of “Reduce” and a consensus price target of $16.28.

Li Auto Stock Performance

LI stock opened at $12.37 on Friday. Li Auto has a 1-year low of $11.65 and a 1-year high of $27.10. The company has a current ratio of 1.81, a quick ratio of 1.65 and a debt-to-equity ratio of 0.11. The firm has a market cap of $13.25 billion, a PE ratio of -18.46 and a beta of 0.55. The business’s 50-day moving average price is $12.45 and its two-hundred day moving average price is $15.33.

Li Auto (NASDAQ:LI) last announced its quarterly earnings results on Friday, August 14th. The company reported ($0.22) earnings per share (EPS) for the quarter. The business 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%. As a group, research analysts forecast that Li Auto will post -0.15 earnings per share for the current year.

Institutional Trading of Li Auto

Hedge funds and other institutional investors have recently made changes to their positions in the business. Tidal Investments LLC lifted its holdings in Li Auto by 1.0% during 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 during the last quarter. Corient Private Wealth LLC grew 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 valued at $324,000 after buying an additional 951 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in Li Auto by 4.3% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 27,113 shares of the company’s stock valued at $459,000 after buying an additional 1,121 shares in the last quarter. Ballentine Partners LLC increased its position in Li Auto by 9.6% during the 4th 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 increased its position in Li Auto by 0.7% during the 2nd 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 during the period. 9.88% of the stock is currently owned by institutional investors and hedge funds.

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.