Li Auto's (LI) Neutral Rating Reaffirmed at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has reiterated a "neutral" rating for Li Auto, with a revised price target of $28.00, down from $33.00.
• Cfra Research upgraded Li Auto from a "strong sell" rating to a "hold" rating as six analysts now hold the stock, while two rate it as a buy.
• Li Auto reported earnings of $0.08 per share for the last quarter, missing expectations slightly, while its revenue increased by 1.1% compared to the same period last year.

JPMorgan Chase & Co. restated their neutral rating on shares of Li Auto (NASDAQ:LI - Free Report) in a research report released on Thursday morning, Marketbeat Ratings reports. They currently have a $28.00 target price on the stock, down from their prior target price of $33.00.

Separately, Cfra Research raised shares of Li Auto from a "strong sell" rating to a "hold" rating in a report on Tuesday, June 10th. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, Li Auto presently has an average rating of "Hold" and an average price target of $28.64.

Li Auto Stock Down 1.2%

LI traded down $0.2850 during mid-day trading on Thursday, reaching $23.7650. 2,269,023 shares of the stock were exchanged, compared to its average volume of 5,401,170. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.72 and a current ratio of 1.87. The stock has a market capitalization of $24.88 billion, a PE ratio of 22.63, a price-to-earnings-growth ratio of 1.37 and a beta of 0.94. The company has a 50 day moving average price of $27.25 and a two-hundred day moving average price of $26.64. Li Auto has a 1 year low of $17.44 and a 1 year high of $33.12.

Li Auto (NASDAQ:LI - Get Free Report) last posted its quarterly earnings data on Thursday, May 29th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by ($0.01). The firm had revenue of $3.53 billion for the quarter, compared to analysts' expectations of $3.45 billion. Li Auto had a return on equity of 11.83% and a net margin of 5.60%.Li Auto's revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.21 earnings per share. Li Auto has set its Q2 2025 guidance at EPS. As a group, research analysts anticipate that Li Auto will post 0.96 EPS for the current year.

Institutional Investors Weigh In On Li Auto

Several hedge funds and other institutional investors have recently modified their holdings of LI. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Li Auto by 459.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,923,620 shares of the company's stock valued at $426,475,000 after buying an additional 13,897,555 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of Li Auto during the first quarter valued at about $41,076,000. Goldman Sachs Group Inc. increased its position in shares of Li Auto by 133.3% during the first quarter. Goldman Sachs Group Inc. now owns 2,636,156 shares of the company's stock valued at $66,431,000 after buying an additional 1,505,991 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of Li Auto during the second quarter valued at about $30,055,000. Finally, Electron Capital Partners LLC bought a new stake in shares of Li Auto during the first quarter valued at about $24,658,000. 9.88% of the stock is currently owned by institutional investors.

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.