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

Li Auto Inc. Sponsored ADR (NASDAQ:LI) has been given an average recommendation of “Hold” by the fourteen ratings firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $16.2818.

A number of brokerages have recently weighed in on LI. Zacks Research raised shares of Li Auto from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 15th. Piper Sandler lowered their price objective on shares of Li Auto from $15.00 to $13.00 and set a “neutral” rating for the company in a research report on Thursday. 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. Wall Street Zen raised Li Auto from a “strong sell” rating to a “sell” rating in a report on Saturday. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Li Auto in a research report on Wednesday.

Li Auto Stock Up 0.4%

Shares of LI opened at $12.23 on Monday. The company has a current ratio of 1.81, a quick ratio of 1.75 and a debt-to-equity ratio of 0.11. Li Auto has a 12 month low of $11.65 and a 12 month high of $27.10. The firm’s 50 day moving average is $12.48 and its 200-day moving average is $15.59. The stock has a market capitalization of $13.10 billion, a PE ratio of -18.25 and a beta of 0.55.

Li Auto (NASDAQ:LI) last issued its quarterly earnings results on Friday, August 14th. The company reported ($0.22) earnings per share (EPS) for the quarter. Li Auto had a negative net margin of 4.44% and a negative return on equity of 6.58%. The company had revenue of $3.78 billion during the quarter. Equities research analysts forecast that Li Auto will post -0.11 EPS for the current year.

Institutional Trading of Li Auto

Several institutional investors have recently modified their holdings of LI. Tidal Investments LLC grew its position in shares of 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 buying an additional 856 shares during the last quarter. Corient Private Wealth LLC boosted its stake in shares of 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 during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in shares of Li Auto by 4.3% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 27,113 shares of the company’s stock worth $459,000 after buying an additional 1,121 shares during the period. Ballentine Partners LLC raised its stake in Li Auto by 9.6% during the fourth quarter. Ballentine Partners LLC now owns 13,786 shares of the company’s stock worth $233,000 after buying an additional 1,208 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Li Auto by 0.7% in the second quarter. Geode Capital Management LLC now owns 176,684 shares of the company’s stock valued at $4,790,000 after buying an additional 1,230 shares during the period. Institutional investors 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.