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

Shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI) have earned an average rating of “Hold” from the seventeen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $18.55.

LI has been the topic of several research analyst reports. BNP Paribas Exane upgraded shares of Li Auto from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 22nd. Sanford C. Bernstein set a $19.00 price objective on shares of Li Auto and gave the stock a “market perform” rating in a research note on Friday, March 13th. Piper Sandler upgraded shares of Li Auto from a “neutral” rating to an “outperform” rating in a research note on Friday, March 13th. Wall Street Zen upgraded shares of Li Auto from a “strong sell” rating to a “sell” rating in a research note on Sunday, April 12th. Finally, The Goldman Sachs Group cut shares of Li Auto from a “buy” rating to a “neutral” rating and set a $19.00 price objective on the stock. in a research note on Tuesday, March 17th.

Hedge Funds Weigh In On Li Auto

Institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC lifted its stake in shares of Li Auto by 312.3% in the 4th quarter. Farther Finance Advisors LLC now owns 1,674 shares of the company’s stock worth $28,000 after purchasing an additional 1,268 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Li Auto by 157.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,878 shares of the company’s stock worth $51,000 after purchasing an additional 1,762 shares during the period. DV Equities LLC bought a new position in shares of Li Auto in the 4th quarter worth approximately $72,000. Parallel Advisors LLC lifted its stake in shares of Li Auto by 530.5% in the 1st quarter. Parallel Advisors LLC now owns 8,915 shares of the company’s stock worth $159,000 after purchasing an additional 7,501 shares during the period. Finally, Tuttle Capital Management LLC bought a new position in shares of Li Auto in the 4th quarter worth approximately $170,000. Institutional investors own 9.88% of the company’s stock.

Li Auto Price Performance

LI opened at $15.89 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.68 and a current ratio of 1.81. The stock has a market capitalization of $16.97 billion, a P/E ratio of 122.24 and a beta of 0.63. The company’s 50-day simple moving average is $17.96 and its two-hundred day simple moving average is $17.81. Li Auto has a 52-week low of $15.39 and a 52-week high of $32.03.

Li Auto (NASDAQ:LI) last posted its earnings results on Sunday, March 22nd. The company reported ($0.06) earnings per share (EPS) for the quarter. The company had revenue of $545.61 million for the quarter. Li Auto had a net margin of 0.99% and a return on equity of 1.52%. As a group, analysts predict that Li Auto will post 0.12 EPS for the current year.

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.