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

Li Auto Inc. Sponsored ADR (NASDAQ:LI) has earned a consensus recommendation of “Hold” from the sixteen ratings firms that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $17.30.

LI has been the subject of a number of research reports. Bank of America reissued a “neutral” rating and set a $18.00 price objective on shares of Li Auto in a research report on Thursday, May 28th. BNP Paribas Exane raised Li Auto from an “underperform” rating to a “neutral” rating in a research report on Wednesday, April 22nd. Zacks Research raised Li Auto from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 15th. Barclays reduced their price target on Li Auto from $18.00 to $14.00 and set an “equal weight” rating for the company in a report on Friday, May 29th. Finally, HSBC lowered their price target on Li Auto from $17.20 to $15.60 and set a “hold” rating for the company in a research note on Wednesday, June 10th.

Li Auto Trading Up 4.5%

Shares of NASDAQ:LI opened at $13.80 on Thursday. The firm has a fifty day moving average of $13.36 and a two-hundred day moving average of $16.22. The company has a quick ratio of 1.75, a current ratio of 1.88 and a debt-to-equity ratio of 0.06. Li Auto has a 12-month low of $11.65 and a 12-month high of $27.10. The firm has a market capitalization of $14.79 billion, a P/E ratio of -49.28 and a beta of 0.56.

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 company had revenue of $3.33 billion during the quarter. On average, equities analysts expect that Li Auto will post -0.08 EPS for the current fiscal year.

Institutional Trading of Li Auto

Large investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. increased its stake in shares of 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 during the last quarter. SIH Partners LLLP raised its holdings 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 in the last quarter. Hsbc Holdings PLC lifted 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 purchasing an additional 630,516 shares during the last quarter. Barclays PLC lifted its stake in shares of Li Auto by 167.0% in the 4th quarter. Barclays PLC now owns 536,718 shares of the company’s stock valued at $9,087,000 after purchasing an additional 335,718 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of Li Auto by 324.2% in the 4th quarter. SG Americas Securities LLC now owns 342,025 shares of the company’s stock valued at $5,790,000 after purchasing an additional 261,389 shares during the last quarter. 9.88% of the stock is owned by institutional investors.

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.