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

Shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI) have been assigned an average recommendation of “Reduce” from the sixteen analysts that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell rating, ten have given 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 brokers that have issued a report on the stock in the last year is $17.55.

Several analysts have weighed in on LI shares. Piper Sandler raised Li Auto from a “neutral” rating to an “outperform” rating in a research note on Friday, March 13th. Bank of America reissued a “neutral” rating and set a $18.00 price target on shares of Li Auto in a report on Thursday, May 28th. JPMorgan Chase & Co. lifted their price objective on shares of Li Auto from $14.00 to $15.50 and gave the company an “underweight” rating in a research note on Friday, March 13th. Sanford C. Bernstein set a $19.00 price objective on shares of Li Auto and gave the stock a “market perform” rating in a report on Friday, March 13th. Finally, Zacks Research lowered shares of Li Auto from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 28th.

Li Auto Price Performance

Shares of NASDAQ:LI opened at $14.11 on Wednesday. The firm’s 50 day moving average is $17.37 and its two-hundred day moving average is $17.41. Li Auto has a 52 week low of $13.96 and a 52 week high of $32.03. The firm has a market capitalization of $15.07 billion, a P/E ratio of -50.39 and a beta of 0.57. The company has a current ratio of 1.88, a quick ratio of 1.75 and a debt-to-equity ratio of 0.06.

Li Auto (NASDAQ:LI) last issued its quarterly earnings data on Friday, May 15th. The company reported ($0.15) earnings per share (EPS) for the quarter. Li Auto had a negative return on equity of 2.58% and a negative net margin of 1.72%.The business had revenue of $3.33 billion for the quarter. Analysts anticipate that Li Auto will post -0.07 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LI. Tidal Investments LLC increased its stake in shares of Li Auto by 1.0% during the second quarter. Tidal Investments LLC now owns 88,772 shares of the company’s stock valued at $2,407,000 after acquiring an additional 856 shares during the period. Aberdeen Group plc boosted its stake in Li Auto by 3.1% during the 3rd quarter. Aberdeen Group plc now owns 28,842 shares of the company’s stock valued at $731,000 after purchasing an additional 872 shares in the last quarter. Corient Private Wealth LLC increased its position in shares of Li Auto by 8.6% during the 2nd quarter. Corient Private Wealth LLC now owns 11,955 shares of the company’s stock valued at $324,000 after purchasing an additional 951 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in shares of Li Auto by 4.3% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 27,113 shares of the company’s stock valued at $459,000 after purchasing an additional 1,121 shares during the period. Finally, Ballentine Partners LLC raised its stake in shares of Li Auto by 9.6% in the 4th quarter. Ballentine Partners LLC now owns 13,786 shares of the company’s stock worth $233,000 after buying an additional 1,208 shares in the last quarter. 9.88% of the stock is currently 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.