Li Auto Inc. Sponsored ADR (NASDAQ:LI) Receives $21.66 Consensus Target Price from Brokerages

Shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI) have earned an average recommendation of “Hold” from the twenty ratings firms that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $21.6636.

Several research firms have recently commented on LI. Piper Sandler lowered their price objective on shares of Li Auto from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Monday, December 1st. Barclays lowered their price target on Li Auto from $24.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Monday, December 1st. China Renaissance restated a “hold” rating and issued a $18.50 price objective on shares of Li Auto in a research note on Monday, December 1st. The Goldman Sachs Group reiterated a “buy” rating and set a $27.00 target price on shares of Li Auto in a research note on Monday, December 1st. Finally, Wall Street Zen lowered Li Auto from a “hold” rating to a “sell” rating in a report on Saturday, August 30th.

Li Auto Trading Down 1.7%

Shares of NASDAQ:LI opened at $16.69 on Wednesday. The company’s 50-day moving average price is $19.18 and its two-hundred day moving average price is $23.62. Li Auto has a one year low of $16.11 and a one year high of $33.12. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.80 and a quick ratio of 1.67. The stock has a market capitalization of $17.48 billion, a PE ratio of 28.78 and a beta of 0.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LI. Canada Pension Plan Investment Board acquired a new position in shares of Li Auto during the 1st quarter worth approximately $41,076,000. Goldman Sachs Group Inc. boosted its stake in shares of 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 during the period. Assenagon Asset Management S.A. acquired a new stake in Li Auto during the second quarter worth approximately $30,055,000. Electron Capital Partners LLC acquired a new stake in Li Auto during the first quarter worth approximately $24,658,000. Finally, LMR Partners LLP increased its stake in Li Auto by 2,697.4% during the 2nd quarter. LMR Partners LLP now owns 675,500 shares of the company’s stock worth $18,313,000 after acquiring an additional 651,353 shares during the period. 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.