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 recommendation of “Reduce” from the fourteen ratings firms that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $16.2818.

A number of research analysts recently commented on the stock. HSBC dropped their price target on Li Auto from $17.20 to $15.60 and set a “hold” rating for the company in a research report on Wednesday, June 10th. Piper Sandler lowered their price objective on Li Auto from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday, August 27th. Zacks Research cut Li Auto from a “hold” rating to a “strong sell” rating in a report on Friday, August 28th. Bank of America reissued a “neutral” rating and set a $18.00 target price on shares of Li Auto in a research report on Thursday, May 28th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $14.50 price target on shares of Li Auto in a report on Wednesday, August 26th.

Li Auto Trading Down 0.5%

Shares of LI opened at $11.97 on Friday. The stock has a market capitalization of $12.82 billion, a PE ratio of -17.87 and a beta of 0.55. The company’s fifty day moving average is $12.45 and its 200 day moving average is $14.94. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.65 and a current ratio of 1.81. Li Auto has a fifty-two week low of $11.53 and a fifty-two week high of $27.10.

Li Auto (NASDAQ:LI) last released its quarterly earnings data on Friday, July 31st. The company reported ($0.22) EPS for the quarter. Li Auto had a negative net margin of 4.44% and a negative return on equity of 6.58%. The business had revenue of $3.78 billion for the quarter. Sell-side analysts expect that Li Auto will post -0.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Xiamen Xinweidachuang Investment Partnership Limited Partnership bought a new stake in shares of Li Auto in the 2nd quarter worth about $57,833,177. Hsbc Holdings PLC boosted its stake in shares of 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 during the period. Quantinno Capital Management LP grew its holdings in Li Auto by 160.6% during the 1st quarter. Quantinno Capital Management LP now owns 192,668 shares of the company’s stock valued at $3,435,000 after purchasing an additional 118,733 shares during the last quarter. Barometer Capital Management Inc. bought a new position in Li Auto during the 1st quarter valued at about $1,548,000. Finally, Headlands Technologies LLC purchased a new stake in Li Auto in the 2nd quarter worth about $1,133,000. Institutional investors own 9.88% of the company’s stock.

About Li Auto

Li Auto Inc (NASDAQ: LI) is a Chinese new energy vehicle manufacturer that develops, manufactures and sells smart electric vehicles. The company has focused primarily on family-oriented vehicles, combining battery-electric powertrains with extended-range electric vehicle technology designed to provide additional driving range through an onboard engine-generator.

Li Auto’s product portfolio has included the Li ONE and the Li L-series of premium sport utility vehicles, including the L6, L7, L8 and L9.