Brokerages Set Li Auto Inc. Sponsored ADR (NASDAQ:LI) PT at $17.30

Li Auto Inc. Sponsored ADR (NASDAQ:LI) has received a consensus recommendation of “Reduce” from the sixteen analysts that are covering the firm, Marketbeat reports. Four research 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 price target among brokers that have updated their coverage on the stock in the last year is $17.30.

Several brokerages recently weighed in on LI. The Goldman Sachs Group lowered Li Auto from a “buy” rating to a “neutral” rating and set a $19.00 target price on the stock. in a research report on Tuesday, March 17th. 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 note on Wednesday, June 10th. Wall Street Zen raised Li Auto from a “strong sell” rating to a “sell” rating in a research note on Sunday, April 12th. BNP Paribas Exane upgraded Li Auto from an “underperform” rating to a “neutral” rating in a report on Wednesday, April 22nd. Finally, Piper Sandler raised shares of Li Auto from a “neutral” rating to an “outperform” rating in a research report on Friday, March 13th.

Institutional Investors Weigh In On Li Auto

Several hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. increased its stake in Li Auto by 133.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,636,156 shares of the company’s stock worth $66,431,000 after buying an additional 1,505,991 shares during the period. SIH Partners LLLP boosted its position in Li Auto by 184.7% in the 4th quarter. SIH Partners LLLP now owns 2,199,063 shares of the company’s stock valued at $37,230,000 after buying an additional 1,426,745 shares during the last quarter. Maxi Investments CY Ltd purchased a new position in Li Auto in the 3rd quarter valued at about $16,040,000. Hsbc Holdings PLC grew its stake in shares of Li Auto by 648.8% during the fourth quarter. Hsbc Holdings PLC now owns 727,702 shares of the company’s stock valued at $12,259,000 after acquiring an additional 630,516 shares in the last quarter. Finally, Barclays PLC increased its position in shares of Li Auto by 167.0% during the fourth quarter. Barclays PLC now owns 536,718 shares of the company’s stock worth $9,087,000 after acquiring an additional 335,718 shares during the last quarter. 9.88% of the stock is currently owned by hedge funds and other institutional investors.

Li Auto Stock Performance

Li Auto stock opened at $12.05 on Friday. The stock has a fifty day moving average price of $15.11 and a 200 day moving average price of $16.73. Li Auto has a 52 week low of $11.65 and a 52 week high of $32.03. The firm has a market capitalization of $12.91 billion, a P/E ratio of -43.03 and a beta of 0.56. 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 posted its quarterly earnings results on Friday, May 15th. The company reported ($0.15) EPS for the quarter. Li Auto had a negative net margin of 1.72% and a negative return on equity of 2.58%. The business had revenue of $3.33 billion during the quarter. Equities research analysts anticipate that Li Auto will post -0.07 earnings per share 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.