Li Auto (NASDAQ:LI) Lowered to Neutral Rating by The Goldman Sachs Group

Li Auto (NASDAQ:LI) was downgraded by equities researchers at The Goldman Sachs Group from a “buy” rating to a “neutral” rating in a research note issued to investors on Tuesday, MarketBeat reports. They presently have a $19.00 target price on the stock. The Goldman Sachs Group’s target price points to a potential upside of 4.17% from the company’s current price.

LI has been the topic of several other reports. HSBC lowered Li Auto from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 4th. Sanford C. Bernstein set a $19.00 price objective on Li Auto and gave the company a “market perform” rating in a research note on Friday. Jefferies Financial Group restated a “hold” rating and issued a $17.50 target price (down from $28.80) on shares of Li Auto in a report on Friday, January 23rd. Piper Sandler raised shares of Li Auto from a “neutral” rating to an “outperform” rating in a research note on Friday. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Li Auto in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $18.55.

Li Auto Trading Up 5.3%

LI opened at $18.24 on Tuesday. Li Auto has a 12 month low of $15.71 and a 12 month high of $32.03. The company has a current ratio of 1.81, a quick ratio of 1.68 and a debt-to-equity ratio of 0.05. The business’s 50-day moving average price is $17.47 and its 200-day moving average price is $19.72.

Institutional Investors Weigh In On Li Auto

A number of large investors have recently made changes to their positions in LI. Hsbc Holdings PLC increased its stake in shares of Li Auto by 648.8% during the fourth quarter. Hsbc Holdings PLC now owns 727,702 shares of the company’s stock valued at $12,259,000 after buying an additional 630,516 shares during the period. Alpine Global Management LLC purchased a new stake in Li Auto in the fourth quarter worth $175,000. Virtu Financial LLC purchased a new stake in Li Auto in the fourth quarter worth $479,000. Corient Private Wealth LLC boosted its holdings in Li Auto by 70.0% in the fourth quarter. Corient Private Wealth LLC now owns 21,048 shares of the company’s stock valued at $356,000 after acquiring an additional 8,666 shares in the last quarter. Finally, Vident Advisory LLC boosted its holdings in Li Auto by 21.1% in the fourth quarter. Vident Advisory LLC now owns 33,313 shares of the company’s stock valued at $564,000 after acquiring an additional 5,793 shares in the last quarter. 9.88% of the stock is currently owned by institutional investors.

Li Auto Company Profile

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.