Li Auto Inc. Sponsored ADR (NASDAQ:LI) Receives Average Recommendation of “Reduce” from Analysts

Shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI) have earned an average recommendation of “Reduce” from the sixteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $17.30.

A number of analysts recently commented on LI shares. Weiss Ratings cut shares of Li Auto from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 29th. Bank of America reiterated a “neutral” rating and set a $18.00 target price on shares of Li Auto in a report on Thursday, May 28th. Wall Street Zen raised Li Auto from a “strong sell” rating to a “sell” rating in a research note on Sunday, April 12th. The Goldman Sachs Group downgraded Li Auto from a “buy” rating to a “neutral” rating and set a $19.00 price target for the company. in a report on Tuesday, March 17th. Finally, Barclays dropped their price target on Li Auto from $18.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Friday, May 29th.

Li Auto Trading Up 1.6%

Shares of NASDAQ:LI traded up $0.19 during mid-day trading on Friday, reaching $12.10. The stock had a trading volume of 2,373,237 shares, compared to its average volume of 3,470,184. The firm has a 50 day simple moving average of $14.76 and a two-hundred day simple moving average of $16.63. Li Auto has a twelve month low of $11.65 and a twelve month high of $32.03. The firm has a market cap of $12.96 billion, a PE ratio of -43.21 and a beta of 0.56. The company has a current ratio of 1.88, a quick ratio of 1.75 and a debt-to-equity ratio of 0.06.

Li Auto (NASDAQ:LI) last issued its quarterly earnings data on Friday, May 15th. The company reported ($0.15) earnings per share (EPS) for the quarter. The firm 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%. On average, research analysts predict that Li Auto will post -0.07 EPS for the current fiscal year.

Institutional Trading of Li Auto

A number of large investors have recently bought and sold shares of LI. Goldman Sachs Group Inc. lifted its stake in Li Auto by 133.3% in the first quarter. Goldman Sachs Group Inc. now owns 2,636,156 shares of the company’s stock valued at $66,431,000 after buying an additional 1,505,991 shares in the last quarter. SIH Partners LLLP increased its position in shares of Li Auto by 184.7% during the fourth quarter. SIH Partners LLLP now owns 2,199,063 shares of the company’s stock worth $37,230,000 after acquiring an additional 1,426,745 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Li Auto by 4.6% during the third quarter. American Century Companies Inc. now owns 1,355,616 shares of the company’s stock worth $34,351,000 after acquiring an additional 60,172 shares during the period. Hsbc Holdings PLC raised its holdings in shares of Li Auto by 648.8% during the fourth 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 during the period. Finally, Maxi Investments CY Ltd bought a new stake in Li Auto in the 3rd quarter valued at $16,040,000. 9.88% of the stock is owned by institutional investors.

Li Auto Company Profile

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.