Li Auto Inc. Sponsored ADR (NASDAQ:LI) Receives $17.24 Consensus Target Price from Brokerages

Li Auto Inc. Sponsored ADR (NASDAQ:LI) has earned an average recommendation of “Hold” from the fourteen research firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $16.2818.

Several research firms have weighed in on LI. Barclays lowered their target price on shares of Li Auto from $18.00 to $14.00 and set an “equal weight” rating for the company in a research note on Friday, May 29th. Weiss Ratings restated a “sell (d)” rating on shares of Li Auto in a research report on Wednesday. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $14.50 price target on shares of Li Auto in a report on Wednesday. HSBC lowered their price objective on shares of Li Auto from $17.20 to $15.60 and set a “hold” rating for the company in a research report on Wednesday, June 10th. Finally, Bank of America reiterated a “neutral” rating and set a $18.00 price objective on shares of Li Auto in a research note on Thursday, May 28th.

Li Auto Price Performance

Shares of LI opened at $12.23 on Monday. Li Auto has a 52 week low of $11.65 and a 52 week high of $27.10. The company has a current ratio of 1.81, a quick ratio of 1.65 and a debt-to-equity ratio of 0.11. The firm has a market cap of $13.10 billion, a price-to-earnings ratio of -18.25 and a beta of 0.55. The stock has a 50 day moving average of $12.48 and a 200-day moving average of $15.57.

Li Auto (NASDAQ:LI) last posted its quarterly earnings results on Friday, August 14th. The company reported ($0.22) earnings per share (EPS) for the quarter. Li Auto had a negative net margin of 4.44% and a negative return on equity of 6.58%. The firm had revenue of $3.78 billion for the quarter. As a group, analysts forecast that Li Auto will post -0.13 EPS for the current year.

Hedge Funds Weigh In On Li Auto

Institutional investors have recently made changes to their positions in the stock. Xiamen Xinweidachuang Investment Partnership Limited Partnership bought a new stake in shares of Li Auto in the 2nd quarter worth approximately $57,833,177. Goldman Sachs Group Inc. boosted its position 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 valued at $66,431,000 after purchasing an additional 1,505,991 shares during the period. SIH Partners LLLP grew its stake in Li Auto by 184.7% during the 4th quarter. SIH Partners LLLP now owns 2,199,063 shares of the company’s stock worth $37,230,000 after buying an additional 1,426,745 shares during the last quarter. Hsbc Holdings PLC grew its stake in 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 buying an additional 630,516 shares during the last quarter. Finally, Barclays PLC increased its position in Li Auto by 167.0% in the fourth quarter. Barclays PLC now owns 536,718 shares of the company’s stock worth $9,087,000 after buying an additional 335,718 shares during the period. 9.88% of the stock is owned by institutional investors.

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.