Brokerages Set Li Auto Inc. Sponsored ADR (NASDAQ:LI) Price Target at $32.85

Shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI) have been assigned an average rating of “Hold” from the eight research firms that are presently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $32.85.

LI has been the subject of a number of recent analyst reports. HSBC set a $38.50 target price on Li Auto and gave the company a “buy” rating in a report on Thursday, March 6th. JPMorgan Chase & Co. raised 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. Cfra Research raised Li Auto from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 10th. Nomura Securities raised Li Auto to a “hold” rating in a report on Monday, March 17th. Finally, Macquarie downgraded Li Auto from an “outperform” rating to a “neutral” rating and set a $27.00 target price for the company. in a report on Monday, March 17th.

Li Auto Price Performance

Shares of NASDAQ LI opened at $27.47 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.87 and a quick ratio of 1.72. The stock has a fifty day moving average price of $27.29 and a 200 day moving average price of $25.67. Li Auto has a 1-year low of $17.44 and a 1-year high of $33.12. The company has a market cap of $28.76 billion, a PE ratio of 26.16, a P/E/G ratio of 1.14 and a beta of 0.98.

Li Auto (NASDAQ:LI) last issued its quarterly earnings results on Thursday, May 29th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.01). Li Auto had a return on equity of 11.83% and a net margin of 5.60%. The company had revenue of $3.53 billion for the quarter, compared to analyst estimates of $3.45 billion. During the same period in the prior year, the business earned $1.21 earnings per share. Li Auto’s revenue for the quarter was up 1.1% compared to the same quarter last year. Sell-side analysts forecast that Li Auto will post 0.96 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Li Auto by 459.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,923,620 shares of the company’s stock valued at $426,475,000 after buying an additional 13,897,555 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Li Auto by 1.3% in the fourth quarter. Renaissance Technologies LLC now owns 7,800,639 shares of the company’s stock valued at $187,137,000 after buying an additional 99,539 shares in the last quarter. Brilliance Asset Management Ltd. increased its position in shares of Li Auto by 0.7% in the fourth quarter. Brilliance Asset Management Ltd. now owns 3,508,642 shares of the company’s stock valued at $84,172,000 after buying an additional 24,416 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Li Auto by 133.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,636,156 shares of the company’s stock worth $66,431,000 after purchasing an additional 1,505,991 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in Li Auto during the 1st quarter worth about $41,076,000. Hedge funds and other institutional investors own 9.88% of the company’s stock.

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.