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

Shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI) have been assigned an average recommendation of “Reduce” from the seventeen brokerages that are currently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $18.55.

A number of research firms have issued reports on LI. Weiss Ratings restated a “sell (d+)” rating on shares of Li Auto in a research report on Monday, December 29th. Citigroup dropped their price target on shares of Li Auto from $20.20 to $18.50 and set a “neutral” rating for the company in a research note on Thursday, January 15th. JPMorgan Chase & Co. increased their price objective on shares of Li Auto from $14.00 to $15.50 and gave the company an “underweight” rating in a report on Friday, March 13th. HSBC cut shares of Li Auto from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 4th. Finally, Macquarie Infrastructure set a $15.00 target price on shares of Li Auto in a research report on Thursday, January 15th.

Institutional Investors Weigh In On Li Auto

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. lifted its stake in Li Auto by 133.3% in the first quarter. Goldman Sachs Group Inc. now owns 2,636,156 shares of the company’s stock valued at $66,431,000 after buying an additional 1,505,991 shares during the period. SIH Partners LLLP grew its position 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 worth $37,230,000 after buying an additional 1,426,745 shares during the period. American Century Companies Inc. grew its position 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 worth $34,351,000 after buying an additional 60,172 shares during the period. Hsbc Holdings PLC increased its stake in shares of Li Auto by 648.8% in the 4th quarter. Hsbc Holdings PLC now owns 727,702 shares of the company’s stock valued at $12,259,000 after acquiring an additional 630,516 shares during the last quarter. Finally, LMR Partners LLP raised its position in shares of Li Auto by 2,697.4% in the 2nd quarter. LMR Partners LLP now owns 675,500 shares of the company’s stock valued at $18,313,000 after acquiring an additional 651,353 shares during the period. Institutional investors own 9.88% of the company’s stock.

Li Auto Price Performance

Shares of LI stock opened at $17.58 on Friday. The stock has a 50-day moving average price of $17.58 and a 200 day moving average price of $19.42. The company has a quick ratio of 1.68, a current ratio of 1.81 and a debt-to-equity ratio of 0.05. The firm has a market cap of $18.60 billion, a price-to-earnings ratio of 135.24 and a beta of 0.60. Li Auto has a 12 month low of $15.71 and a 12 month high of $32.03.

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.