Li Auto's (LI) "Hold (C)" Rating Reaffirmed at Weiss Ratings

Key Points

• Li Auto's stock retains a "hold (c)" rating from Weiss Ratings, while other analysts have varied opinions with price targets ranging from $26.00 to $28.00.
• The company's stock currently has an average rating of "Hold" with a consensus target price of $25.79, indicating a mixed outlook among analysts.
• Li Auto operates in the energy vehicle market in China, focusing on premium smart electric vehicles, with a diverse product line that includes MPVs and SUVs.

Li Auto (NASDAQ:LI - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by research analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Other analysts have also issued research reports about the stock. Bank of America lowered shares of Li Auto from a "buy" rating to a "neutral" rating and set a $26.00 price objective on the stock. in a research report on Thursday, August 28th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $28.00 price objective (down previously from $33.00) on shares of Li Auto in a research report on Thursday, August 14th. CLSA raised shares of Li Auto to a "strong-buy" rating in a research report on Monday, September 22nd. BNP Paribas started coverage on shares of Li Auto in a research report on Monday, August 18th. They issued a "strong sell" rating on the stock. Finally, Zacks Research raised shares of Li Auto from a "strong sell" rating to a "hold" rating in a research report on Monday, September 29th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $25.79.

Li Auto Stock Performance

Shares of LI stock opened at $24.64 on Wednesday. The firm has a market cap of $25.80 billion, a price-to-earnings ratio of 23.47 and a beta of 1.01. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.57 and a current ratio of 1.73. Li Auto has a 52 week low of $19.10 and a 52 week high of $33.12. The firm's 50-day simple moving average is $24.63 and its two-hundred day simple moving average is $25.99.

Institutional Trading of Li Auto

Hedge funds and other institutional investors have recently modified their holdings of the business. Virtu Financial LLC purchased a new position in Li Auto during the first quarter valued at approximately $296,000. American Century Companies Inc. grew its stake in Li Auto by 14.4% during the first quarter. American Century Companies Inc. now owns 1,150,819 shares of the company's stock valued at $29,001,000 after acquiring an additional 145,295 shares in the last quarter. Kestra Private Wealth Services LLC purchased a new position in Li Auto during the first quarter valued at approximately $226,000. Hsbc Holdings PLC grew its stake in Li Auto by 339.6% during the first quarter. Hsbc Holdings PLC now owns 287,291 shares of the company's stock valued at $7,223,000 after acquiring an additional 221,939 shares in the last quarter. Finally, Ariose Capital Management Ltd purchased a new position in Li Auto during the first quarter valued at approximately $5,395,000. Institutional investors own 9.88% of the company's stock.

Li Auto Company Profile

Li Auto Inc operates in the energy vehicle market in the People's Republic of China. It designs, develops, manufactures, and sells premium smart electric vehicles. The company's product line comprises MPVs and sport utility vehicles. It offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment.

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