Li Auto (NASDAQ:LI) Downgraded by Zacks Investment Research to Sell

Zacks Investment Research lowered shares of Li Auto (NASDAQ:LI) from a hold rating to a sell rating in a report published on Wednesday morning, Zacks.com reports.

According to Zacks, “Li Auto Inc. is an innovator in energy vehicle market. The Company designs, develops, manufactures, and sells premium smart electric SUVs. Li Auto Inc. is based in BEIJING, China. “

A number of other analysts also recently commented on the company. Sanford C. Bernstein began coverage on Li Auto in a report on Thursday, October 28th. They set an outperform rating and a $43.00 price objective for the company. Needham & Company LLC upped their price objective on Li Auto from $37.00 to $43.00 and gave the stock a buy rating in a report on Tuesday, December 7th. Nomura began coverage on Li Auto in a report on Thursday, October 14th. They set a buy rating and a $43.40 price objective for the company. Finally, Nomura Instinet began coverage on Li Auto in a report on Thursday, October 14th. They set a buy rating and a $43.40 price objective for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Li Auto presently has an average rating of Buy and an average price target of $43.03.

Shares of Li Auto stock opened at $31.13 on Wednesday. Li Auto has a fifty-two week low of $15.98 and a fifty-two week high of $37.65. The business’s fifty day moving average is $30.96 and its two-hundred day moving average is $30.51. The company has a debt-to-equity ratio of 0.15, a current ratio of 5.37 and a quick ratio of 5.21.

Li Auto (NASDAQ:LI) last issued its quarterly earnings results on Monday, November 29th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.09. Li Auto had a negative return on equity of 1.57% and a negative net margin of 2.47%. The company had revenue of $7.78 billion for the quarter, compared to analyst estimates of $7.23 billion. During the same quarter in the prior year, the company posted ($0.08) EPS. The business’s revenue for the quarter was up 209.7% compared to the same quarter last year. As a group, equities analysts expect that Li Auto will post -0.21 EPS for the current year.

Large investors have recently bought and sold shares of the business. Deutsche Bank AG boosted its position in Li Auto by 57.1% in the 2nd quarter. Deutsche Bank AG now owns 1,109,002 shares of the company’s stock valued at $38,749,000 after buying an additional 402,914 shares during the last quarter. Great West Life Assurance Co. Can lifted its position in shares of Li Auto by 197.1% during the second quarter. Great West Life Assurance Co. Can now owns 373,553 shares of the company’s stock worth $13,050,000 after purchasing an additional 247,800 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new position in shares of Li Auto during the second quarter worth about $300,000. Banque Cantonale Vaudoise lifted its position in shares of Li Auto by 11.2% during the third quarter. Banque Cantonale Vaudoise now owns 66,774 shares of the company’s stock worth $1,756,000 after purchasing an additional 6,711 shares during the last quarter. Finally, Laurion Capital Management LP lifted its position in shares of Li Auto by 723.9% during the second quarter. Laurion Capital Management LP now owns 82,394 shares of the company’s stock worth $2,879,000 after purchasing an additional 72,394 shares during the last quarter. 54.70% of the stock is owned by institutional investors.

Li Auto Company Profile

Li Auto Inc, through its subsidiaries, designs, develops, manufactures, and sells smart electric sport utility vehicles (SUVs) in China. It offers Li ONE, a six-seat electric SUV that equipped with a range of extension system and smart vehicle solutions. The company was formerly known as Leading Ideal Inc and changed its name to Li Auto Inc in July 2020.

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