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

Li Auto Inc. Sponsored ADR (NASDAQ:LI) has earned a consensus recommendation of “Reduce” from the thirteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and eleven have issued a hold recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $16.28.

A number of equities analysts have recently commented on the company. Weiss Ratings reissued a “sell (d)” rating on shares of Li Auto in a report on Wednesday, August 26th. Zacks Research raised Li Auto from a “strong sell” rating to a “hold” rating in a research note on Friday, October 2nd. Sanford C. Bernstein reiterated a “market perform” rating and issued a $14.50 target price on shares of Li Auto in a research report on Wednesday, August 26th. Wall Street Zen downgraded Li Auto from a “sell” rating to a “strong sell” rating in a research note on Sunday, September 6th. Finally, Piper Sandler lowered their target price on Li Auto from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday, August 27th.

Li Auto Price Performance

Shares of NASDAQ LI opened at $11.29 on Tuesday. The firm has a market cap of $11.69 billion, a P/E ratio of -16.85 and a beta of 0.50. The company has a current ratio of 1.81, a quick ratio of 1.65 and a debt-to-equity ratio of 0.11. Li Auto has a 1-year low of $10.66 and a 1-year high of $22.57. The business’s 50 day moving average is $11.86 and its 200-day moving average is $13.98.

Li Auto (NASDAQ:LI) last released its quarterly earnings results on Friday, July 31st. The company reported ($0.22) EPS for the quarter. Li Auto had a negative net margin of 4.44% and a negative return on equity of 6.58%. The business had revenue of $3.78 billion during the quarter. Equities research analysts predict that Li Auto will post -0.71 earnings per share for the current year.

Institutional Trading of Li Auto

A number of hedge funds have recently made changes to their positions in the company. Xiamen Xinweidachuang Investment Partnership Limited Partnership bought a new position in shares of Li Auto in the second quarter valued at approximately $57,833,177. Hsbc Holdings PLC grew its holdings in 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 buying an additional 630,516 shares in the last quarter. Quantinno Capital Management LP grew its holdings in Li Auto by 160.6% during the first quarter. Quantinno Capital Management LP now owns 192,668 shares of the company’s stock worth $3,435,000 after buying an additional 118,733 shares in the last quarter. Headlands Technologies LLC bought a new stake in Li Auto during the second quarter worth $1,133,000. Finally, Barometer Capital Management Inc. purchased a new stake in Li Auto in the 1st quarter valued at $1,548,000. 9.88% of the stock is owned by institutional investors and hedge funds.

About Li Auto

Li Auto Inc is a Chinese automaker that designs, develops, manufactures and sells new energy vehicles. The company focuses on smart electric vehicles, including extended-range electric vehicles that combine a battery-powered drivetrain with an onboard engine generator, as well as battery-electric vehicles.

Its product lineup has included the Li ONE and the L-series range-extended electric SUVs, such as the Li L6, Li L7, Li L8 and Li L9. The company has also developed the Li MEGA, a battery-electric multi-purpose vehicle.