Li Auto Inc. Sponsored ADR (NASDAQ:LI – Get Free Report) has earned a consensus rating of “Hold” from the fifteen ratings firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $17.2364.
A number of equities research analysts have recently commented on the stock. Barclays reduced their price objective on shares of 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. Weiss Ratings lowered shares of Li Auto from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 29th. HSBC cut their price target on shares of Li Auto from $17.20 to $15.60 and set a “hold” rating on the stock in a research report on Wednesday, June 10th. Bank of America reiterated a “neutral” rating and set a $18.00 price target on shares of Li Auto in a report on Thursday, May 28th. Finally, Zacks Research raised Li Auto from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 15th.
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Li Auto Stock Performance
Li Auto (NASDAQ:LI – Get Free Report) last released its quarterly earnings results on Friday, May 15th. The company reported ($0.15) earnings per share (EPS) for the quarter. The firm had revenue of $3.33 billion for the quarter. Li Auto had a negative return on equity of 2.58% and a negative net margin of 1.72%. As a group, research analysts forecast that Li Auto will post -0.12 earnings per share for the current year.
Institutional Investors Weigh In On Li Auto
Large investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC increased its holdings in Li Auto by 312.3% in the fourth quarter. Farther Finance Advisors LLC now owns 1,674 shares of the company’s stock worth $28,000 after purchasing an additional 1,268 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Li Auto by 157.9% in the first quarter. EverSource Wealth Advisors LLC now owns 2,878 shares of the company’s stock valued at $51,000 after buying an additional 1,762 shares during the period. DV Equities LLC bought a new position in shares of Li Auto during the 4th quarter worth approximately $72,000. Parallel Advisors LLC boosted its holdings in shares of Li Auto by 530.5% during the 1st quarter. Parallel Advisors LLC now owns 8,915 shares of the company’s stock worth $159,000 after buying an additional 7,501 shares in the last quarter. Finally, Alpine Global Management LLC acquired a new stake in shares of Li Auto during the 4th quarter worth approximately $175,000. Institutional investors and hedge funds own 9.88% of the company’s stock.
Li Auto Company Profile
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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