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

Shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI) have been assigned an average rating of “Reduce” from the thirteen research firms that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation and ten have given a hold recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $16.2818.

LI has been the topic of several recent analyst reports. 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. Barclays cut their price objective on Li Auto from $18.00 to $14.00 and set an “equal weight” rating on the stock in a report on Friday, May 29th. HSBC decreased their price objective 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. Wall Street Zen lowered shares of Li Auto from a “sell” rating to a “strong sell” rating in a research note on Sunday, September 6th. Finally, Piper Sandler reduced their price target on shares of Li Auto from $15.00 to $13.00 and set a “neutral” rating for the company in a report on Thursday, August 27th.

Institutional Investors Weigh In On Li Auto

Several institutional investors have recently added to or reduced their stakes in LI. Tidal Investments LLC grew its stake in shares of Li Auto by 10.7% during the 2nd quarter. Tidal Investments LLC now owns 47,986 shares of the company’s stock worth $563,000 after acquiring an additional 4,650 shares in the last quarter. WINTON GROUP Ltd bought a new stake in shares of Li Auto in the second quarter worth $470,000. Engineers Gate Manager LP bought a new stake in shares of Li Auto in the second quarter worth $500,000. Nykredit A S acquired a new position in Li Auto during the second quarter worth $816,000. Finally, Corient Private Wealth LP acquired a new position in Li Auto during the second quarter worth $146,000. 9.88% of the stock is owned by institutional investors.

Li Auto Stock Up 1.2%

Shares of NASDAQ:LI opened at $11.66 on Friday. Li Auto has a 52 week low of $11.44 and a 52 week high of $27.10. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.65 and a current ratio of 1.81. The company has a market capitalization of $11.51 billion, a PE ratio of -17.40 and a beta of 0.55. The company has a 50 day moving average price of $12.43 and a two-hundred day moving average price of $14.82.

Li Auto (NASDAQ:LI) last announced its quarterly earnings results on Friday, July 31st. The company reported ($0.22) earnings per share for the quarter. Li Auto had a negative return on equity of 6.58% and a negative net margin of 4.44%.The firm had revenue of $3.78 billion for the quarter. Analysts forecast that Li Auto will post -0.28 earnings per share for the current year.

Li Auto Company Profile

Li Auto Inc (NASDAQ: LI) is a Chinese new energy vehicle manufacturer that develops, manufactures and sells smart electric vehicles. The company has focused primarily on family-oriented vehicles, combining battery-electric powertrains with extended-range electric vehicle technology designed to provide additional driving range through an onboard engine-generator.

Li Auto’s product portfolio has included the Li ONE and the Li L-series of premium sport utility vehicles, including the L6, L7, L8 and L9.