Li Auto (NASDAQ:LI) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of Li Auto (NASDAQ:LI) from a strong sell rating to a hold rating in a research note published on Wednesday,Zacks.com reports.

Several other brokerages also recently issued reports on LI. Barclays reduced their price objective on shares of Li Auto from $18.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Friday, May 29th. Bank of America reaffirmed a “neutral” rating and issued a $18.00 target price on shares of Li Auto in a research note on Thursday, May 28th. BNP Paribas Exane upgraded Li Auto from an “underperform” rating to a “neutral” rating in a report on Wednesday, April 22nd. The Goldman Sachs Group lowered Li Auto from a “buy” rating to a “neutral” rating and set a $19.00 price target on the stock. in a research note on Tuesday, March 17th. Finally, Weiss Ratings cut Li Auto from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have given 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 “Hold” and an average target price of $17.30.

Li Auto Trading Up 1.0%

Shares of LI stock opened at $12.86 on Wednesday. The company has a market capitalization of $13.78 billion, a price-to-earnings ratio of -45.93 and a beta of 0.56. The company has a current ratio of 1.88, a quick ratio of 1.75 and a debt-to-equity ratio of 0.06. The firm has a 50-day moving average price of $14.35 and a 200 day moving average price of $16.51. Li Auto has a twelve month low of $11.65 and a twelve month high of $32.03.

Li Auto (NASDAQ:LI) last released its quarterly earnings results on Friday, May 15th. The company reported ($0.15) earnings per share (EPS) for the quarter. The firm had revenue of $3.33 billion for the quarter. Li Auto had a negative return on equity of 2.58% and a negative net margin of 1.72%. Research analysts forecast that Li Auto will post -0.07 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Li Auto

A number of large investors have recently bought and sold shares of LI. Farther Finance Advisors LLC boosted its holdings in shares of Li Auto by 312.3% in the 4th quarter. Farther Finance Advisors LLC now owns 1,674 shares of the company’s stock valued at $28,000 after purchasing an additional 1,268 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Li Auto by 157.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,878 shares of the company’s stock worth $51,000 after buying an additional 1,762 shares during the last quarter. DV Equities LLC purchased a new position in shares of Li Auto in the 4th quarter worth $72,000. Limestone Investment Advisors LP purchased a new position in shares of Li Auto in the 3rd quarter worth $222,000. Finally, Parallel Advisors LLC raised its position in shares of Li Auto by 530.5% in the 1st quarter. Parallel Advisors LLC now owns 8,915 shares of the company’s stock worth $159,000 after buying an additional 7,501 shares during the period. Hedge funds and other institutional investors own 9.88% of the company’s stock.

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.