Brokerages Set Li Auto Inc. Sponsored ADR (NASDAQ:LI) Target Price at $17.30

Shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI) have earned an average rating of “Hold” from the sixteen analysts that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, one has issued a buy rating and one has given 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 $17.30.

Several equities analysts have weighed in on the stock. Weiss Ratings lowered shares of Li Auto from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 29th. HSBC reduced their price target on shares of Li Auto from $17.20 to $15.60 and set a “hold” rating on the stock in a research report on Wednesday, June 10th. Bank of America reiterated a “neutral” rating and issued a $18.00 price objective on shares of Li Auto in a research report on Thursday, May 28th. BNP Paribas Exane upgraded Li Auto from an “underperform” rating to a “neutral” rating in a research report on Wednesday, April 22nd. Finally, Wall Street Zen raised Li Auto from a “strong sell” rating to a “sell” rating in a research note on Sunday, April 12th.

Li Auto Trading Down 3.7%

Shares of LI stock opened at $13.12 on Thursday. 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 has a twelve month low of $11.65 and a twelve month high of $27.10. The company’s 50-day moving average price is $13.21 and its 200-day moving average price is $16.15. The stock has a market cap of $14.06 billion, a price-to-earnings ratio of -46.86 and a beta of 0.55.

Li Auto (NASDAQ:LI) last released its quarterly earnings data on Friday, May 15th. The company reported ($0.15) earnings per share (EPS) for the quarter. Li Auto had a negative return on equity of 2.58% and a negative net margin of 1.72%.The firm had revenue of $3.33 billion for the quarter. As a group, equities analysts predict that Li Auto will post -0.08 earnings per share for the current year.

Institutional Trading of Li Auto

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC boosted its stake in Li Auto by 312.3% during the fourth quarter. Farther Finance Advisors LLC now owns 1,674 shares of the company’s stock worth $28,000 after buying an additional 1,268 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Li Auto by 157.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,878 shares of the company’s stock valued at $51,000 after acquiring an additional 1,762 shares during the period. DV Equities LLC purchased a new stake in shares of Li Auto in the 4th quarter valued at approximately $72,000. Limestone Investment Advisors LP acquired a new position in shares of Li Auto in the 3rd quarter worth approximately $222,000. Finally, Parallel Advisors LLC lifted its holdings in shares of Li Auto by 530.5% in the 1st quarter. Parallel Advisors LLC now owns 8,915 shares of the company’s stock worth $159,000 after acquiring an additional 7,501 shares during the last quarter. 9.88% of the stock is currently owned by hedge funds and other institutional investors.

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.