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

Shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI) have been given a consensus recommendation of “Reduce” by the seventeen research firms that are covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $18.55.

Several brokerages have recently issued reports on LI. Citigroup reduced their price objective on Li Auto from $20.20 to $18.50 and set a “neutral” rating on the stock in a research report on Thursday, January 15th. JPMorgan Chase & Co. boosted their target price on shares of Li Auto from $14.00 to $15.50 and gave the company an “underweight” rating in a research note on Friday, March 13th. Macquarie Infrastructure set a $15.00 target price on shares of Li Auto in a report on Thursday, January 15th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Li Auto in a research note on Friday. Finally, Sanford C. Bernstein set a $19.00 price target on shares of Li Auto and gave the stock a “market perform” rating in a report on Friday, March 13th.

Institutional Trading of Li Auto

Hedge funds and other institutional investors have recently bought and sold shares of the company. Elevation Point Wealth Partners LLC acquired a new position in Li Auto in the 2nd quarter valued at $27,000. MAI Capital Management boosted its holdings in shares of Li Auto by 2,236.0% during the second quarter. MAI Capital Management now owns 1,168 shares of the company’s stock worth $32,000 after purchasing an additional 1,118 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Li Auto by 312.3% in the fourth quarter. Farther Finance Advisors LLC now owns 1,674 shares of the company’s stock valued at $28,000 after purchasing an additional 1,268 shares during the period. DV Equities LLC purchased a new stake in shares of Li Auto in the fourth quarter valued at $72,000. Finally, PNC Financial Services Group Inc. increased its stake in Li Auto by 21.7% in the second quarter. PNC Financial Services Group Inc. now owns 7,467 shares of the company’s stock valued at $202,000 after purchasing an additional 1,333 shares during the last quarter. 9.88% of the stock is owned by hedge funds and other institutional investors.

Li Auto Trading Up 1.6%

Shares of Li Auto stock opened at $17.83 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.81 and a quick ratio of 1.68. Li Auto has a 1 year low of $15.71 and a 1 year high of $32.03. The company has a market capitalization of $18.87 billion, a P/E ratio of 137.16 and a beta of 0.60. The business has a 50 day moving average price of $17.68 and a 200 day moving average price of $19.21.

Li Auto (NASDAQ:LI) last announced its earnings results on Sunday, March 22nd. The company reported ($0.06) 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%. Sell-side analysts anticipate that Li Auto will post 0.96 EPS for the current fiscal year.

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.