Brokerages Set Li Auto Inc. Sponsored ADR (NASDAQ:LI) Price Target at $25.79

Li Auto Inc. Sponsored ADR (NASDAQ:LI) has been assigned a consensus rating of “Hold” from the fifteen research firms that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation, one has assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $25.7857.

LI has been the topic of a number of research analyst reports. Macquarie cut shares of Li Auto from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $28.00 to $21.00 in a research note on Friday, August 22nd. Wall Street Zen cut shares of Li Auto from a “hold” rating to a “sell” rating in a research note on Saturday, August 30th. BNP Paribas initiated coverage on shares of Li Auto in a research note on Monday, August 18th. They issued a “strong sell” rating on the stock. BNP Paribas Exane began coverage on shares of Li Auto in a research note on Monday, August 18th. They issued an “underperform” rating and a $18.00 price target on the stock. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $28.00 price objective (down previously from $33.00) on shares of Li Auto in a report on Thursday, August 14th.

Li Auto Price Performance

Li Auto stock opened at $20.49 on Tuesday. The company’s fifty day moving average price is $23.89 and its 200 day moving average price is $25.83. Li Auto has a 1 year low of $19.10 and a 1 year high of $33.12. The stock has a market capitalization of $21.46 billion, a P/E ratio of 19.51 and a beta of 1.01. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.57 and a current ratio of 1.73.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its holdings in Li Auto by 9.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,134 shares of the company’s stock valued at $155,000 after purchasing an additional 538 shares in the last quarter. US Bancorp DE lifted its holdings in Li Auto by 9.0% in the 1st quarter. US Bancorp DE now owns 10,255 shares of the company’s stock valued at $258,000 after purchasing an additional 844 shares in the last quarter. Tidal Investments LLC lifted its holdings in Li Auto by 1.0% in the 2nd quarter. Tidal Investments LLC now owns 88,772 shares of the company’s stock valued at $2,407,000 after purchasing an additional 856 shares in the last quarter. Corient Private Wealth LLC lifted its holdings in Li Auto by 8.6% in the 2nd quarter. Corient Private Wealth LLC now owns 11,955 shares of the company’s stock valued at $324,000 after purchasing an additional 951 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC purchased a new position in Li Auto in the 2nd quarter valued at $27,000. Hedge funds and other institutional investors own 9.88% of the company’s stock.

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.