Li Auto Inc. Sponsored ADR (NASDAQ:LI) Receives Consensus Rating of “Reduce” from Brokerages

Li Auto Inc. Sponsored ADR (NASDAQ:LI) has been assigned an average recommendation of “Reduce” from the thirteen brokerages that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation and ten have given a hold recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $16.28.

A number of analysts have recently issued reports on LI shares. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $14.50 price target on shares of Li Auto in a research note on Wednesday, August 26th. Weiss Ratings reissued a “sell (d)” rating on shares of Li Auto in a research note on Wednesday, August 26th. Bank of America restated a “neutral” rating and issued a $18.00 price objective on shares of Li Auto in a report on Thursday, May 28th. Wall Street Zen lowered shares of Li Auto from a “sell” rating to a “strong sell” rating in a report on Sunday, September 6th. Finally, HSBC reduced their target price 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.

Institutional Investors Weigh In On Li Auto

A number of hedge funds have recently modified their holdings of the company. Barometer Capital Management Inc. purchased a new stake in shares of Li Auto during the first quarter worth approximately $1,548,000. Quantinno Capital Management LP lifted its stake in Li Auto by 160.6% in the first quarter. Quantinno Capital Management LP now owns 192,668 shares of the company’s stock worth $3,435,000 after acquiring an additional 118,733 shares during the last quarter. Headlands Technologies LLC purchased a new position in Li Auto in the second quarter worth approximately $1,133,000. Xiamen Xinweidachuang Investment Partnership Limited Partnership acquired a new position in Li Auto during the 2nd quarter worth approximately $57,833,177. Finally, Hsbc Holdings PLC grew its holdings 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 acquiring an additional 630,516 shares in the last quarter. Hedge funds and other institutional investors own 9.88% of the company’s stock.

Li Auto Price Performance

NASDAQ:LI opened at $11.78 on Friday. The firm’s fifty day moving average is $12.38 and its two-hundred day moving average is $14.75. The firm has a market cap of $11.63 billion, a price-to-earnings ratio of -17.58 and a beta of 0.55. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.65 and a current ratio of 1.81. Li Auto has a one year low of $11.44 and a one year high of $27.10.

Li Auto (NASDAQ:LI) last issued its quarterly earnings data on Friday, July 31st. The company reported ($0.22) earnings per share for the quarter. The firm had revenue of $3.78 billion during the quarter. Li Auto had a negative return on equity of 6.58% and a negative net margin of 4.44%. Research analysts expect that Li Auto will post -0.28 EPS for the current year.

About Li Auto

Li Auto Inc (NASDAQ: LI) is a Chinese new energy vehicle manufacturer that develops, manufactures and sells smart electric vehicles. The company has focused primarily on family-oriented vehicles, combining battery-electric powertrains with extended-range electric vehicle technology designed to provide additional driving range through an onboard engine-generator.

Li Auto’s product portfolio has included the Li ONE and the Li L-series of premium sport utility vehicles, including the L6, L7, L8 and L9.