Brokerages Set Li Auto Inc. Sponsored ADR (NASDAQ:LI) PT at $20.76

Li Auto Inc. Sponsored ADR (NASDAQ:LI) has been assigned a consensus rating of “Reduce” from the eighteen research firms that are presently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $19.5917.

A number of analysts recently weighed in on LI shares. Piper Sandler lifted their price target on Li Auto from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Macquarie Infrastructure set a $15.00 target price on shares of Li Auto in a research report on Thursday, January 15th. Barclays lowered their price target on shares of Li Auto from $24.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Monday, December 1st. Jefferies Financial Group reiterated a “hold” rating and issued a $17.50 price objective (down previously from $28.80) on shares of Li Auto in a research note on Friday, January 23rd. Finally, Citigroup lowered their target price on shares of Li Auto from $20.20 to $18.50 and set a “neutral” rating on the stock in a research report on Thursday, January 15th.

Li Auto Stock Performance

Li Auto stock traded down $0.40 during trading hours on Thursday, reaching $18.81. 743,453 shares of the stock were exchanged, compared to its average volume of 4,334,542. Li Auto has a 52-week low of $15.71 and a 52-week high of $33.12. The stock has a market cap of $19.69 billion, a P/E ratio of 32.36 and a beta of 0.58. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.67 and a current ratio of 1.80. The firm’s 50 day moving average is $17.05 and its 200 day moving average is $20.84.

Hedge Funds Weigh In On Li Auto

A number of institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. raised its position in shares of Li Auto by 25.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 804,785 shares of the company’s stock valued at $13,625,000 after buying an additional 161,749 shares during the last quarter. Leonteq Securities AG acquired a new position in Li Auto in the 4th quarter valued at $608,000. Abacus Wealth Partners LLC purchased a new position in shares of Li Auto during the 4th quarter worth $418,000. Ballentine Partners LLC boosted its holdings in shares of Li Auto by 9.6% during the fourth quarter. Ballentine Partners LLC now owns 13,786 shares of the company’s stock worth $233,000 after purchasing an additional 1,208 shares during the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Li Auto during the fourth quarter worth $201,000. 9.88% of the stock is owned by institutional investors and hedge funds.

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.