Li Auto (NASDAQ:LI) Cut to “D+” at TheStreet

TheStreet downgraded shares of Li Auto (NASDAQ:LIGet Rating) from a c rating to a d+ rating in a report issued on Monday morning, TheStreetRatingsTable reports.

A number of other analysts have also weighed in on LI. CLSA initiated coverage on shares of Li Auto in a research note on Monday, August 8th. They issued a buy rating on the stock. Citigroup increased their price objective on shares of Li Auto from $26.80 to $58.60 and gave the stock a buy rating in a research note on Tuesday, June 21st. Twelve investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of Buy and an average target price of $42.69.

Li Auto Trading Down 0.5 %

NASDAQ LI opened at $26.67 on Monday. The company has a quick ratio of 3.08, a current ratio of 3.25 and a debt-to-equity ratio of 0.19. The firm has a market cap of $27.55 billion, a PE ratio of -533.29 and a beta of 0.45. The company has a 50 day moving average price of $32.17 and a 200 day moving average price of $28.89. Li Auto has a 52 week low of $16.86 and a 52 week high of $41.49.

Li Auto (NASDAQ:LIGet Rating) last posted its quarterly earnings data on Monday, August 15th. The company reported ($0.10) EPS for the quarter. The firm had revenue of $8.73 billion for the quarter, compared to the consensus estimate of $9.50 billion. Li Auto had a negative return on equity of 0.79% and a negative net margin of 0.90%. The company’s revenue was up 73.3% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.04) EPS. As a group, sell-side analysts forecast that Li Auto will post -0.4 EPS for the current fiscal year.

Institutional Investors Weigh In On Li Auto

Hedge funds have recently modified their holdings of the business. Tiger Global Management LLC increased its position in Li Auto by 167.3% during the first quarter. Tiger Global Management LLC now owns 19,791,714 shares of the company’s stock worth $510,824,000 after purchasing an additional 12,388,725 shares during the last quarter. Hhlr Advisors LTD. increased its position in Li Auto by 363.6% during the fourth quarter. Hhlr Advisors LTD. now owns 5,007,300 shares of the company’s stock worth $160,734,000 after purchasing an additional 3,927,300 shares during the last quarter. Brilliance Asset Management Ltd. increased its position in Li Auto by 410.0% during the second quarter. Brilliance Asset Management Ltd. now owns 4,441,064 shares of the company’s stock worth $170,137,000 after purchasing an additional 3,570,232 shares during the last quarter. Renaissance Technologies LLC increased its position in Li Auto by 161.0% during the first quarter. Renaissance Technologies LLC now owns 4,473,700 shares of the company’s stock worth $115,466,000 after purchasing an additional 2,759,800 shares during the last quarter. Finally, Bridgewater Associates LP increased its position in Li Auto by 115.6% during the first quarter. Bridgewater Associates LP now owns 3,356,105 shares of the company’s stock worth $86,621,000 after purchasing an additional 1,799,177 shares during the last quarter. 21.99% of the stock is currently owned by institutional investors and hedge funds.

Li Auto Company Profile

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Li Auto Inc, through its subsidiaries, designs, develops, manufactures, and sells new energy vehicles in the People's Republic of China. The company provides Li ONE, a six-seat smart electric sport utility vehicle that is equipped with smart vehicle solutions, navigation on ADAS, and automatic emergency breaking functionalities.

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Analyst Recommendations for Li Auto (NASDAQ:LI)

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