Li Auto Inc. Sponsored ADR (NASDAQ:LI) Receives Average Rating of “Reduce” from Brokerages

Shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI) have earned a consensus rating of “Reduce” from the sixteen analysts that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $17.30.

Several equities research analysts have commented on the stock. Bank of America reaffirmed a “neutral” rating and set a $18.00 price objective on shares of Li Auto in a report on Thursday, May 28th. Barclays reduced their target price on shares of Li Auto from $18.00 to $14.00 and set an “equal weight” rating for the company in a research note on Friday, May 29th. Zacks Research lowered shares of Li Auto from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 28th. Piper Sandler upgraded shares of Li Auto from a “neutral” rating to an “outperform” rating in a research note on Friday, March 13th. Finally, The Goldman Sachs Group cut shares of Li Auto from a “buy” rating to a “neutral” rating and set a $19.00 price target on the stock. in a research note on Tuesday, March 17th.

Institutional Investors Weigh In On Li Auto

Several institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. boosted its holdings in shares of Li Auto by 133.3% in the first quarter. Goldman Sachs Group Inc. now owns 2,636,156 shares of the company’s stock worth $66,431,000 after acquiring an additional 1,505,991 shares during the period. SIH Partners LLLP raised its stake in shares of Li Auto by 184.7% during the 4th quarter. SIH Partners LLLP now owns 2,199,063 shares of the company’s stock valued at $37,230,000 after purchasing an additional 1,426,745 shares during the period. American Century Companies Inc. raised its stake in shares of Li Auto by 4.6% during the 3rd quarter. American Century Companies Inc. now owns 1,355,616 shares of the company’s stock valued at $34,351,000 after purchasing an additional 60,172 shares during the period. Hsbc Holdings PLC lifted its holdings in Li Auto by 648.8% during the 4th quarter. Hsbc Holdings PLC now owns 727,702 shares of the company’s stock worth $12,259,000 after purchasing an additional 630,516 shares in the last quarter. Finally, Maxi Investments CY Ltd purchased a new stake in Li Auto during the 3rd quarter worth about $16,040,000. Hedge funds and other institutional investors own 9.88% of the company’s stock.

Li Auto Stock Performance

Shares of LI opened at $12.02 on Friday. The firm has a market cap of $12.88 billion, a PE ratio of -42.93 and a beta of 0.56. The stock’s fifty day moving average price is $15.36 and its two-hundred day moving average price is $16.79. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.88 and a quick ratio of 1.75. Li Auto has a 1 year low of $11.65 and a 1 year high of $32.03.

Li Auto (NASDAQ:LI) last posted its quarterly earnings results on Friday, May 15th. The company reported ($0.15) earnings per share for the quarter. Li Auto had a negative return on equity of 2.58% and a negative net margin of 1.72%.The firm had revenue of $3.33 billion for the quarter. On average, equities research analysts forecast that Li Auto will post -0.07 EPS for the current year.

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.