Li Auto Inc. Sponsored ADR (NASDAQ:LI) Given Consensus Rating of “Hold” by Analysts

Li Auto Inc. Sponsored ADR (NASDAQ:LI) has received a consensus recommendation of “Hold” from the nineteen analysts that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, fourteen have issued a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $20.7583.

LI has been the subject of several analyst reports. Hsbc Global Res cut Li Auto from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 4th. Jefferies Financial Group reissued a “hold” rating and set a $17.50 price objective (down previously from $28.80) on shares of Li Auto in a research note on Friday, January 23rd. Barclays decreased their target price on shares of Li Auto from $24.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Monday, December 1st. HSBC reiterated a “hold” rating and set a $18.60 price target (down from $30.30) on shares of Li Auto in a report on Wednesday, December 3rd. Finally, Macquarie set a $15.00 price target on shares of Li Auto in a report on Thursday, January 15th.

Li Auto Price Performance

NASDAQ LI opened at $17.34 on Thursday. The company has a 50-day simple moving average of $16.99 and a two-hundred day simple moving average of $21.24. Li Auto has a 12-month low of $15.71 and a 12-month high of $33.12. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.67 and a current ratio of 1.80.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Elevation Point Wealth Partners LLC bought a new position in Li Auto during the 2nd quarter valued at approximately $27,000. Farther Finance Advisors LLC grew its position in shares of Li Auto by 312.3% in the 4th quarter. Farther Finance Advisors LLC now owns 1,674 shares of the company’s stock worth $28,000 after buying an additional 1,268 shares during the last quarter. MAI Capital Management increased its stake in shares of Li Auto by 2,236.0% during the second quarter. MAI Capital Management now owns 1,168 shares of the company’s stock valued at $32,000 after buying an additional 1,118 shares during the period. Mizuho Securities Co. Ltd. bought a new position in shares of Li Auto during the second quarter valued at approximately $107,000. Finally, Hantz Financial Services Inc. raised its holdings in shares of Li Auto by 1,196.9% during the second quarter. Hantz Financial Services Inc. now owns 4,150 shares of the company’s stock valued at $113,000 after acquiring an additional 3,830 shares in the last quarter. Hedge funds and other institutional investors own 9.88% of the company’s stock.

About Li Auto

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.