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

Li Auto Inc. Sponsored ADR (NASDAQ:LI – Get Free Report) has been given a consensus rating of “Reduce” by the sixteen analysts that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $17.30.

A number of research analysts have recently commented on the stock. HSBC reduced their price target on shares of 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 raised Li Auto from a “strong sell” rating to a “sell” rating in a research note on Sunday, April 12th. Sanford C. Bernstein set a $19.00 target price on Li Auto and gave the stock a “market perform” rating in a research report on Friday, March 13th. The Goldman Sachs Group cut Li Auto from a “buy” rating to a “neutral” rating and set a $19.00 target price for the company. in a research report on Tuesday, March 17th. Finally, Barclays decreased their target price on Li Auto from $18.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Friday, May 29th.

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Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of LI. Goldman Sachs Group Inc. lifted its position in Li Auto by 133.3% during the first quarter. Goldman Sachs Group Inc. now owns 2,636,156 shares of the company’s stock valued at $66,431,000 after purchasing an additional 1,505,991 shares during the last quarter. SIH Partners LLLP grew its stake in Li Auto by 184.7% in the 4th quarter. SIH Partners LLLP now owns 2,199,063 shares of the company’s stock worth $37,230,000 after buying an additional 1,426,745 shares in the last quarter. Maxi Investments CY Ltd purchased a new position in Li Auto in the 3rd quarter worth approximately $16,040,000. Hsbc Holdings PLC increased its holdings in shares of Li Auto by 648.8% in the 4th 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 during the last quarter. Finally, Barclays PLC increased its holdings in shares of Li Auto by 167.0% in the 4th quarter. Barclays PLC now owns 536,718 shares of the company’s stock worth $9,087,000 after buying an additional 335,718 shares during the last quarter. 9.88% of the stock is currently owned by institutional investors.

Li Auto Price Performance

LI stock opened at $12.02 on Friday. The firm has a 50 day moving average of $15.36 and a 200-day moving average of $16.79. The firm has a market capitalization of $12.88 billion, a P/E ratio of -42.93 and a beta of 0.56. Li Auto has a 12 month low of $11.65 and a 12 month high of $32.03. 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 (NASDAQ:LI – Get Free Report) last posted its earnings results on Friday, May 15th. The company reported ($0.15) earnings per share 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, sell-side analysts predict that Li Auto will post -0.07 earnings per share for the current fiscal year.

About Li Auto

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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.

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