Zacks Research Upgrades Li Auto (NASDAQ:LI) to Hold

Key Points

• Zacks Research upgraded Li Auto from a "strong sell" to a "hold" rating, reflecting a shift in analysts' perception of the stock.
• Li Auto has seen varied ratings from analysts, with two indicating a strong buy, several a hold, and others assigning sell ratings, leading to an average rating of "hold" with a consensus price target of $25.79.
• Institutional investors have recently made significant changes to their holdings in Li Auto, indicating increased interest in the company as evidenced by new acquisitions and increased stakes.

Li Auto (NASDAQ:LI - Get Free Report) was upgraded by equities research analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a research note issued on Monday,Zacks.com reports.

A number of other equities research analysts have also issued reports on LI. Daiwa America raised Li Auto to a "strong-buy" rating in a research report on Wednesday, September 3rd. BNP Paribas initiated coverage on Li Auto in a research report on Monday, August 18th. They issued a "strong sell" rating on the stock. Barclays dropped their target price on Li Auto from $31.00 to $24.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 28th. Dbs Bank lowered Li Auto from a "moderate buy" rating to a "hold" rating in a research report on Friday, August 29th. Finally, BNP Paribas Exane started coverage on Li Auto in a research report on Monday, August 18th. They issued an "underperform" rating and a $18.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, Li Auto currently has an average rating of "Hold" and a consensus price target of $25.79.

Li Auto Stock Up 0.4%

Shares of Li Auto stock opened at $25.34 on Monday. The business's 50 day simple moving average is $25.09 and its 200 day simple moving average is $26.07. Li Auto has a 52-week low of $19.10 and a 52-week high of $33.12. The firm has a market cap of $26.53 billion, a PE ratio of 24.13 and a beta of 0.97. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.57 and a current ratio of 1.73.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LI. CX Institutional acquired a new position in shares of Li Auto during the 1st quarter worth approximately $72,000. QRG Capital Management Inc. increased its holdings in shares of Li Auto by 50.7% during the 1st quarter. QRG Capital Management Inc. now owns 13,343 shares of the company's stock worth $336,000 after acquiring an additional 4,491 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Li Auto during the 1st quarter worth approximately $378,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Li Auto during the 1st quarter worth approximately $126,000. Finally, PFG Investments LLC bought a new stake in Li Auto in the 1st quarter valued at $390,000. 9.88% of the stock is owned by institutional investors and hedge funds.

About Li Auto

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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