Analysts Set Li Auto Inc. Sponsored ADR (NASDAQ:LI) Price Target at $20.76

Li Auto Inc. Sponsored ADR (NASDAQ:LI) has been given an average recommendation of “Reduce” by the eighteen research firms that are presently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $19.5917.

LI has been the subject of several recent research reports. Macquarie Infrastructure set a $15.00 price objective on Li Auto in a research note on Thursday, January 15th. Barclays decreased their price target on shares of Li Auto from $24.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Monday, December 1st. Jefferies Financial Group reaffirmed a “hold” rating and set a $17.50 price objective (down previously from $28.80) on shares of Li Auto in a research note on Friday, January 23rd. The Goldman Sachs Group reiterated a “buy” rating and issued a $27.00 price objective on shares of Li Auto in a report on Monday, December 1st. Finally, Piper Sandler lifted their price objective on Li Auto from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th.

Li Auto Price Performance

LI stock opened at $18.35 on Thursday. The business’s 50-day moving average is $16.99 and its 200 day moving average is $20.93. Li Auto has a 12-month low of $15.71 and a 12-month high of $33.12. The company has a current ratio of 1.80, a quick ratio of 1.67 and a debt-to-equity ratio of 0.05.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. LMR Partners LLP lifted its holdings in Li Auto by 2,697.4% in the second quarter. LMR Partners LLP now owns 675,500 shares of the company’s stock valued at $18,313,000 after acquiring an additional 651,353 shares during the last quarter. Vise Technologies Inc. purchased a new position in shares of Li Auto during the 2nd quarter worth $361,000. Central Asset Investments & Management Holdings HK Ltd acquired a new stake in shares of Li Auto during the 2nd quarter worth about $407,000. American Century Companies Inc. increased its position in shares of Li Auto by 12.6% during the 2nd quarter. American Century Companies Inc. now owns 1,295,444 shares of the company’s stock worth $35,119,000 after purchasing an additional 144,625 shares during the last quarter. Finally, Aberdeen Group plc raised its holdings in Li Auto by 246.5% in the 2nd quarter. Aberdeen Group plc now owns 27,970 shares of the company’s stock valued at $758,000 after buying an additional 19,898 shares during the period. Institutional investors and hedge funds own 9.88% of the company’s stock.

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.