Li Auto Inc. (NASDAQ:LI) Given Consensus Recommendation of “Hold” by Analysts

Li Auto Inc. (NASDAQ:LI) has been assigned an average rating of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $32.85.

A number of research analysts recently weighed in on LI shares. Macquarie downgraded shares of Li Auto from an “outperform” rating to a “neutral” rating and set a $27.00 price objective on the stock. in a research report on Monday, March 17th. JPMorgan Chase & Co. upgraded shares of Li Auto from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $22.00 to $40.00 in a research note on Friday, February 28th. Nomura Securities upgraded Li Auto to a “hold” rating in a research note on Monday, March 17th. Cfra Research raised Li Auto to a “strong sell” rating in a report on Friday, March 21st. Finally, HSBC set a $38.50 price objective on Li Auto and gave the company a “buy” rating in a research report on Thursday, March 6th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in LI. Empowered Funds LLC bought a new stake in Li Auto during the 1st quarter worth approximately $506,000. Goldman Sachs Group Inc. boosted its position in shares of Li Auto by 133.3% in the first 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 period. Electron Capital Partners LLC purchased a new stake in shares of Li Auto in the first quarter worth $24,658,000. Advisors Asset Management Inc. increased its stake in shares of Li Auto by 27.9% in the first quarter. Advisors Asset Management Inc. now owns 25,274 shares of the company’s stock worth $637,000 after purchasing an additional 5,511 shares in the last quarter. Finally, Hhlr Advisors LTD. bought a new stake in shares of Li Auto during the 1st quarter valued at $15,624,000. 9.88% of the stock is owned by hedge funds and other institutional investors.

Li Auto Price Performance

Shares of LI opened at $29.52 on Friday. Li Auto has a twelve month low of $17.44 and a twelve month high of $33.12. The company has a market capitalization of $30.91 billion, a P/E ratio of 21.87, a price-to-earnings-growth ratio of 3.27 and a beta of 0.98. The firm has a 50 day moving average of $25.67 and a 200 day moving average of $25.14. The company has a quick ratio of 1.64, a current ratio of 1.76 and a debt-to-equity ratio of 0.13.

Li Auto (NASDAQ:LI) last issued its earnings results on Thursday, May 29th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.01). Li Auto had a net margin of 7.20% and a return on equity of 13.03%. The business had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $3.45 billion. During the same quarter in the prior year, the business posted $1.21 earnings per share. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. As a group, equities research analysts anticipate that Li Auto will post 0.96 earnings per share for the current fiscal year.

About Li Auto

Li Auto Inc operates in the energy vehicle market in the People's Republic of China. It designs, develops, manufactures, and sells premium smart electric vehicles. The company's product line comprises MPVs and sport utility vehicles. It offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment.