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

Li Auto Inc. Sponsored ADR (NASDAQ:LI) has been assigned an average recommendation of “Reduce” from the sixteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $17.30.

LI has been the topic of several research reports. Zacks Research lowered Li Auto from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 28th. Barclays decreased their target price on Li Auto from $18.00 to $14.00 and set an “equal weight” rating for the company in a research report on Friday, May 29th. Wall Street Zen raised Li Auto from a “strong sell” rating to a “sell” rating in a research report on Sunday, April 12th. Bank of America restated a “neutral” rating and issued a $18.00 price target on shares of Li Auto in a report on Thursday, May 28th. Finally, Sanford C. Bernstein set a $19.00 price objective on shares of Li Auto and gave the company a “market perform” rating in a research report on Friday, March 13th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. raised its holdings 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 acquiring an additional 1,505,991 shares in the last quarter. SIH Partners LLLP increased its holdings in shares of Li Auto by 184.7% in the 4th quarter. SIH Partners LLLP now owns 2,199,063 shares of the company’s stock worth $37,230,000 after acquiring an additional 1,426,745 shares during the period. American Century Companies Inc. raised its holdings in shares of Li Auto by 4.6% during the third quarter. American Century Companies Inc. now owns 1,355,616 shares of the company’s stock valued at $34,351,000 after buying an additional 60,172 shares during the last quarter. Hsbc Holdings PLC boosted its position 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 acquiring an additional 630,516 shares during the period. Finally, Maxi Investments CY Ltd bought a new position in Li Auto in the 3rd quarter valued at about $16,040,000. Institutional investors and hedge funds own 9.88% of the company’s stock.

Li Auto Stock Down 1.7%

LI stock opened at $11.91 on Friday. The stock has a market capitalization of $12.76 billion, a P/E ratio of -42.53 and a beta of 0.56. The company has a 50 day moving average price of $14.87 and a two-hundred day moving average price of $16.66. Li Auto has a one year low of $11.65 and a one year high of $32.03. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.75 and a current ratio of 1.88.

Li Auto (NASDAQ:LI) last released its earnings results on Friday, May 15th. The company reported ($0.15) earnings per share for the quarter. The business had revenue of $3.33 billion for the quarter. Li Auto had a negative return on equity of 2.58% and a negative net margin of 1.72%. As a group, sell-side analysts expect 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.