Cfra Research upgraded shares of Li Auto (NASDAQ:LI – Free Report) from a strong sell rating to a hold rating in a research report released on Tuesday morning,Zacks.com reports.
A number of other equities research analysts also recently commented on LI. Macquarie downgraded Li Auto from an “outperform” rating to a “neutral” rating and set a $27.00 target price on the stock. in a research report on Monday, March 17th. HSBC set a $38.50 price objective on Li Auto and gave the stock a “buy” rating in a research note on Thursday, March 6th. Nomura Securities upgraded Li Auto to a “hold” rating in a research report on Monday, March 17th. Finally, JPMorgan Chase & Co. raised shares of Li Auto from a “neutral” rating to an “overweight” rating and raised their target price for the company from $22.00 to $40.00 in a report on Friday, February 28th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $32.85.
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Li Auto Price Performance
Li Auto (NASDAQ:LI – Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.01). Li Auto had a return on equity of 13.03% and a net margin of 7.20%. The company had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $3.45 billion. During the same quarter in the previous year, the firm earned $1.21 EPS. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. As a group, sell-side analysts expect that Li Auto will post 0.96 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Li Auto
Large investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC bought a new stake in Li Auto in the first quarter worth $506,000. Goldman Sachs Group Inc. increased its position in 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 acquiring an additional 1,505,991 shares during the last quarter. Electron Capital Partners LLC purchased a new stake in shares of Li Auto in the first quarter valued at $24,658,000. Advisors Asset Management Inc. lifted its holdings in shares of Li Auto by 27.9% in the 1st quarter. Advisors Asset Management Inc. now owns 25,274 shares of the company’s stock worth $637,000 after acquiring an additional 5,511 shares during the last quarter. Finally, Hhlr Advisors LTD. bought a new stake in shares of Li Auto in the 1st quarter worth about $15,624,000. 9.88% of the stock is 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.
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