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

Li Auto Inc. (NASDAQ:LI) has received a consensus recommendation of “Hold” from the eight research firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $32.85.

Several research firms recently weighed in on LI. Cfra Research upgraded Li Auto to a “strong sell” rating in a report on Friday, March 21st. Nomura Securities raised Li Auto to a “hold” rating in a research report on Monday, March 17th. HSBC set a $38.50 price objective on Li Auto and gave the company a “buy” rating in a research report on Thursday, March 6th. JPMorgan Chase & Co. raised Li Auto from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $22.00 to $40.00 in a research report on Friday, February 28th. Finally, Macquarie downgraded Li Auto from an “outperform” rating to a “neutral” rating and set a $27.00 price objective on the stock. in a research report on Monday, March 17th.

Institutional Investors Weigh In On Li Auto

A number of institutional investors have recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. boosted its position in Li Auto by 459.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,923,620 shares of the company’s stock valued at $426,475,000 after purchasing an additional 13,897,555 shares in the last quarter. Renaissance Technologies LLC raised its stake in Li Auto by 1.3% in the fourth quarter. Renaissance Technologies LLC now owns 7,800,639 shares of the company’s stock valued at $187,137,000 after buying an additional 99,539 shares during the last quarter. Brilliance Asset Management Ltd. raised its stake in Li Auto by 0.7% in the fourth quarter. Brilliance Asset Management Ltd. now owns 3,508,642 shares of the company’s stock valued at $84,172,000 after buying an additional 24,416 shares during the last quarter. RWC Asset Advisors US LLC raised its stake in Li Auto by 20.0% in the fourth quarter. RWC Asset Advisors US LLC now owns 3,181,050 shares of the company’s stock valued at $76,313,000 after buying an additional 530,390 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in 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 last quarter. Institutional investors own 9.88% of the company’s stock.

Li Auto Stock Down 0.2%

NASDAQ LI opened at $29.46 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.64 and a current ratio of 1.76. The company has a market capitalization of $30.85 billion, a P/E ratio of 21.82, a P/E/G ratio of 3.27 and a beta of 0.98. Li Auto has a one year low of $17.44 and a one year high of $33.12. The stock has a 50 day moving average price of $25.51 and a 200-day moving average price of $25.05.

Li Auto (NASDAQ:LI) last posted its earnings results on Thursday, May 29th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). Li Auto had a net margin of 7.20% and a return on equity of 13.03%. The firm had revenue of $3.53 billion for the quarter, compared to the consensus estimate of $3.45 billion. During the same quarter in the prior year, the company posted $1.21 earnings per share. The firm’s revenue was up 1.1% compared to the same quarter last year. As a group, equities analysts predict that Li Auto will post 0.96 EPS for the current fiscal year.

Li Auto Company Profile

Li Auto Inc operates in the energy vehicle market in the People's Republic of China. It designs, develops, manufactures, and sells premium smart electric vehicles. The company's product line comprises MPVs and sport utility vehicles. It offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment.