Li Auto (NASDAQ:LI) Upgraded by Wall Street Zen to Sell Rating

Key Points

• Wall Street Zen upgraded Li Auto from “strong sell” to “sell,” while the broader analyst consensus remains “Hold,” with an average price target of $16.28.
• Li Auto shares opened at $12.23, near their 12-month low of $11.65 and below the 50-day and 200-day moving averages. The company reported a quarterly loss of $0.22 per share on $3.78 billion in revenue.
• Institutional ownership stands at 9.88%, with several investment firms recently increasing or initiating positions in the Chinese smart electric-vehicle maker.

Li Auto (NASDAQ:LI - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "strong sell" rating to a "sell" rating in a research report issued to clients and investors on Saturday.

Several other brokerages have also issued reports on LI. Weiss Ratings reiterated a "sell (d)" rating on shares of Li Auto in a research report on Wednesday. Zacks Research raised shares of Li Auto from a "strong sell" rating to a "hold" rating in a research note on Wednesday, July 15th. HSBC lowered their price objective on Li Auto from $17.20 to $15.60 and set a "hold" rating on the stock in a report on Wednesday, June 10th. Sanford C. Bernstein restated a "market perform" rating and issued a $14.50 target price on shares of Li Auto in a research report on Wednesday. Finally, Barclays lowered their price target on 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. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $16.28.

Li Auto Trading Up 0.4%

Li Auto stock opened at $12.23 on Friday. The stock's 50 day simple moving average is $12.48 and its two-hundred day simple moving average is $15.59. Li Auto has a 12 month low of $11.65 and a 12 month high of $27.10. The firm has a market cap of $13.10 billion, a PE ratio of -18.25 and a beta of 0.55. The company has a current ratio of 1.81, a quick ratio of 1.75 and a debt-to-equity ratio of 0.11.

Li Auto (NASDAQ:LI - Get Free Report) last released its quarterly earnings results on Friday, August 14th. The company reported ($0.22) EPS for the quarter. Li Auto had a negative net margin of 4.44% and a negative return on equity of 6.58%. The firm had revenue of $3.78 billion for the quarter. Analysts anticipate that Li Auto will post -0.11 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC grew its position in shares of Li Auto by 312.3% in the fourth 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 in the last quarter. EverSource Wealth Advisors LLC boosted its position 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 valued at $51,000 after acquiring an additional 1,762 shares during the last quarter. DV Equities LLC purchased a new stake in shares of Li Auto in the fourth quarter valued at about $72,000. Corient Private Wealth LP purchased a new stake in shares of Li Auto in the second quarter valued at about $146,000. Finally, Parallel Advisors LLC increased its position in Li Auto by 530.5% during the first quarter. Parallel Advisors LLC now owns 8,915 shares of the company's stock worth $159,000 after purchasing an additional 7,501 shares during the last quarter. 9.88% of the stock is owned by hedge funds and other institutional investors.

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.

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