Li Auto Inc. Sponsored ADR (NASDAQ:LI) Given Average Rating of “Hold” by Analysts

Li Auto Inc. Sponsored ADR (NASDAQ:LI) has earned an average rating of “Hold” from the sixteen research firms that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $17.30.

A number of equities research analysts have recently commented on the company. Zacks Research upgraded Li Auto from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 15th. Weiss Ratings cut Li Auto from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 29th. BNP Paribas Exane raised Li Auto from an “underperform” rating to a “neutral” rating in a report on Wednesday, April 22nd. Wall Street Zen raised Li Auto from a “strong sell” rating to a “sell” rating in a report on Sunday, April 12th. Finally, HSBC decreased their price target on 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 Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its holdings in shares of Li Auto by 133.3% during the first quarter. Goldman Sachs Group Inc. now owns 2,636,156 shares of the company’s stock valued at $66,431,000 after acquiring an additional 1,505,991 shares during the period. Empowered Funds LLC acquired a new position in Li Auto in the 1st quarter worth approximately $506,000. Geode Capital Management LLC boosted its stake in Li Auto by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 176,684 shares of the company’s stock worth $4,790,000 after purchasing an additional 1,230 shares during the period. Quantinno Capital Management LP grew its position in Li Auto by 22.0% during the 2nd quarter. Quantinno Capital Management LP now owns 35,076 shares of the company’s stock worth $951,000 after purchasing an additional 6,331 shares in the last quarter. Finally, Boothbay Fund Management LLC grew its position in Li Auto by 320.1% during the 2nd quarter. Boothbay Fund Management LLC now owns 37,486 shares of the company’s stock worth $1,016,000 after purchasing an additional 28,563 shares in the last quarter. 9.88% of the stock is currently owned by institutional investors and hedge funds.

Li Auto Stock Down 0.4%

NASDAQ LI opened at $12.81 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.88 and a quick ratio of 1.75. The company’s 50 day simple moving average is $13.09 and its 200 day simple moving average is $16.10. Li Auto has a 12 month low of $11.65 and a 12 month high of $27.10. The company has a market capitalization of $13.72 billion, a P/E ratio of -45.75 and a beta of 0.55.

Li Auto (NASDAQ:LI) last released its earnings results on Friday, May 15th. The company reported ($0.15) EPS for the quarter. The business had revenue of $3.33 billion for the quarter. Li Auto had a negative net margin of 1.72% and a negative return on equity of 2.58%. Equities research analysts expect that Li Auto will post -0.12 earnings per share 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.