Li Auto (NASDAQ:LI) Stock Gets Downgrade from Zacks Research

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

A number of other research firms also recently commented on LI. Wall Street Zen downgraded Li Auto from a “sell” rating to a “strong sell” rating in a report on Sunday, September 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Li Auto in a research note on Wednesday, August 26th. Piper Sandler cut their price target on shares of Li Auto from $15.00 to $13.00 and set a “neutral” rating for the company in a report on Thursday, August 27th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $14.50 price objective on shares of Li Auto in a research note on Wednesday, August 26th. Ten equities research analysts have rated the stock with 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 an average target price of $16.28.

Li Auto Stock Up 0.2%

Shares of NASDAQ:LI opened at $11.20 on Monday. Li Auto has a fifty-two week low of $10.66 and a fifty-two week high of $20.57. The company has a quick ratio of 1.65, a current ratio of 1.81 and a debt-to-equity ratio of 0.11. The firm’s 50-day simple moving average is $11.60 and its 200-day simple moving average is $14.76. The company has a market cap of $11.60 billion, a price-to-earnings ratio of -16.72 and a beta of 0.40.

Li Auto (NASDAQ:LI) last announced its quarterly earnings data on Friday, July 31st. The company reported ($0.22) EPS for the quarter. The firm had revenue of $3.78 billion during the quarter. Li Auto had a negative net margin of 4.44% and a negative return on equity of 6.58%. As a group, equities research analysts predict that Li Auto will post -0.72 earnings per share for the current year.

Hedge Funds Weigh In On Li Auto

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Xiamen Xinweidachuang Investment Partnership Limited Partnership purchased a new stake in shares of Li Auto in the second quarter valued at about $57,833,177. Hsbc Holdings PLC increased its stake in shares of Li Auto by 648.8% during the 4th quarter. Hsbc Holdings PLC now owns 727,702 shares of the company’s stock worth $12,259,000 after purchasing an additional 630,516 shares in the last quarter. Quantinno Capital Management LP increased its stake in shares of Li Auto by 160.6% during the 1st quarter. Quantinno Capital Management LP now owns 192,668 shares of the company’s stock worth $3,435,000 after purchasing an additional 118,733 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Li Auto during the 2nd quarter worth approximately $1,133,000. Finally, Barometer Capital Management Inc. purchased a new stake in Li Auto in the 1st quarter valued at approximately $1,548,000. Institutional investors and hedge funds own 9.88% of the company’s stock.

About Li Auto

Li Auto Inc is a Chinese automaker that designs, develops, manufactures and sells new energy vehicles. The company focuses on smart electric vehicles, including extended-range electric vehicles that combine a battery-powered drivetrain with an onboard engine generator, as well as battery-electric vehicles.

Its product lineup has included the Li ONE and the L-series range-extended electric SUVs, such as the Li L6, Li L7, Li L8 and Li L9. The company has also developed the Li MEGA, a battery-electric multi-purpose vehicle.