Li Auto (NASDAQ:LI) Upgraded at Zacks Research

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

A number of other brokerages also recently issued reports on LI. BNP Paribas Exane raised shares of Li Auto from an “underperform” rating to a “neutral” rating in a research report on Wednesday, April 22nd. Wall Street Zen upgraded Li Auto from a “strong sell” rating to a “sell” rating in a research note on Sunday, April 12th. Barclays decreased their target price on Li Auto from $18.00 to $14.00 and set an “equal weight” rating on the stock in a report on Friday, May 29th. HSBC lowered their target price on Li Auto from $17.20 to $15.60 and set a “hold” rating on the stock in a research report on Wednesday, June 10th. Finally, Bank of America restated a “neutral” rating and issued a $18.00 price target on shares of Li Auto in a research report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $17.30.

Li Auto Stock Performance

LI opened at $12.39 on Wednesday. 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 company has a market cap of $13.27 billion, a price-to-earnings ratio of -44.25 and a beta of 0.56. The company’s 50 day moving average is $14.23 and its 200 day moving average is $16.48. Li Auto has a 12-month low of $11.65 and a 12-month high of $32.03.

Li Auto (NASDAQ:LI) last announced its earnings results on Friday, May 15th. The company reported ($0.15) earnings per share (EPS) for the quarter. Li Auto had a negative net margin of 1.72% and a negative return on equity of 2.58%. The business had revenue of $3.33 billion for the quarter. On average, equities research analysts predict that Li Auto will post -0.08 EPS for the current year.

Hedge Funds Weigh In On Li Auto

Several institutional investors have recently bought and sold shares of LI. Farther Finance Advisors LLC lifted its stake in Li Auto by 312.3% in the 4th quarter. Farther Finance Advisors LLC now owns 1,674 shares of the company’s stock worth $28,000 after purchasing an additional 1,268 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Li Auto by 157.9% during the first quarter. EverSource Wealth Advisors LLC now owns 2,878 shares of the company’s stock valued at $51,000 after purchasing an additional 1,762 shares in the last quarter. DV Equities LLC purchased a new position in shares of Li Auto during the fourth quarter valued at about $72,000. Parallel Advisors LLC increased its holdings in shares of Li Auto by 530.5% in 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. Finally, Tuttle Capital Management LLC bought a new stake in shares of Li Auto in the fourth quarter worth about $170,000. 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.