Li Auto Inc. Sponsored ADR (NASDAQ:LI) Stock Has Average Price Target of $16.28

Shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI) have been assigned a consensus rating of “Reduce” from the thirteen analysts that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating and eleven have issued a hold rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $16.28.

A number of research analysts have recently commented on the stock. Sanford C. Bernstein restated a “market perform” rating and issued a $14.50 price target on shares of Li Auto in a report on Wednesday, August 26th. Wall Street Zen lowered shares of Li Auto from a “sell” rating to a “strong sell” rating in a report on Sunday, September 6th. Piper Sandler decreased their price objective 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. Weiss Ratings reissued a “sell (d)” rating on shares of Li Auto in a research report on Wednesday, August 26th. Finally, Zacks Research upgraded shares of Li Auto from a “strong sell” rating to a “hold” rating in a research note on Friday, October 2nd.

Institutional Trading of Li Auto

Institutional investors and hedge funds have recently modified their holdings of the stock. Xiamen Xinweidachuang Investment Partnership Limited Partnership purchased a new stake in shares of Li Auto in the second quarter valued at approximately $57,833,177. Hsbc Holdings PLC increased its holdings in Li Auto by 648.8% during the 4th quarter. Hsbc Holdings PLC now owns 727,702 shares of the company’s stock worth $12,259,000 after purchasing an additional 630,516 shares during the period. Quantinno Capital Management LP increased its holdings in Li Auto by 160.6% during the 1st quarter. Quantinno Capital Management LP now owns 192,668 shares of the company’s stock worth $3,435,000 after purchasing an additional 118,733 shares during the period. Headlands Technologies LLC purchased a new position in Li Auto during the 2nd quarter worth $1,133,000. Finally, Barometer Capital Management Inc. bought a new stake in Li Auto during the 1st quarter valued at $1,548,000. Institutional investors own 9.88% of the company’s stock.

Li Auto Price Performance

LI opened at $11.46 on Tuesday. The business has a fifty day moving average of $11.92 and a 200 day moving average of $14.07. Li Auto has a 52-week low of $10.66 and a 52-week high of $22.82. The company has a quick ratio of 1.65, a current ratio of 1.81 and a debt-to-equity ratio of 0.11. The stock has a market cap of $11.87 billion, a P/E ratio of -17.10 and a beta of 0.50.

Li Auto (NASDAQ:LI) last released its 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 business had revenue of $3.78 billion during the quarter. As a group, sell-side analysts anticipate that Li Auto will post -0.71 EPS for the current year.

About Li Auto

Li Auto Inc is a Chinese automotive company that designs, develops, manufactures and sells new energy vehicles. The company focuses primarily on premium smart SUVs and has built its business around range-extended electric vehicle technology, which uses an onboard gasoline engine to generate electricity for the vehicle’s battery and electric motors.

Li Auto’s vehicle lineup has included the Li ONE and the L-series range-extended electric SUVs, including the Li L6, L7, L8 and L9. The company has also expanded into battery-electric vehicles, including the Li MEGA multi-purpose vehicle.