Li Auto Inc. Sponsored ADR (LI) - What Are Researchers Thinking About This Stock?

Key Points

• Analysts are broadly cautious on Li Auto: Thirteen analysts give the stock a consensus “Reduce” rating, including two sells and eleven holds, with an average 12-month price target of $16.28.
• Li Auto shares opened at $11.40, well below their 52-week high of $23.20. The company reported a quarterly loss of $0.22 per share on $3.78 billion in revenue, and analysts expect a full-year loss of $0.71 per share.
• Institutional ownership stands at 9.88%, with several investment firms recently initiating or expanding positions in the Chinese electric-vehicle maker.

Li Auto Inc. Sponsored ADR (NASDAQ:LI - Get Free Report) has been assigned a consensus recommendation of "Reduce" from the thirteen analysts that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation and eleven have given a hold recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $16.28.

LI has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Li Auto in a research report on Wednesday, August 26th. Wall Street Zen downgraded Li Auto from a "sell" rating to a "strong sell" rating in a report on Sunday, September 6th. Piper Sandler cut their target price on Li Auto from $15.00 to $13.00 and set a "neutral" rating on the stock in a research report on Thursday, August 27th. Zacks Research raised Li Auto from a "strong sell" rating to a "hold" rating in a research report on Friday, October 2nd. Finally, Sanford C. Bernstein reiterated a "market perform" rating and set a $14.50 target price on shares of Li Auto in a research note on Wednesday, August 26th.

Li Auto Stock Down 1.2%

Shares of NASDAQ:LI opened at $11.40 on Tuesday. The company has a quick ratio of 1.65, a current ratio of 1.81 and a debt-to-equity ratio of 0.11. Li Auto has a 52-week low of $10.66 and a 52-week high of $23.20. The company has a 50 day moving average of $12.00 and a two-hundred day moving average of $14.20. The company has a market capitalization of $11.81 billion, a price-to-earnings ratio of -17.01 and a beta of 0.50.

Li Auto (NASDAQ:LI - Get Free Report) last posted its earnings results on Friday, July 31st. The company reported ($0.22) EPS for the quarter. The firm had revenue of $3.78 billion for the quarter. Li Auto had a negative return on equity of 6.58% and a negative net margin of 4.44%. As a group, analysts forecast that Li Auto will post -0.71 earnings per share for the current fiscal year.

Institutional Trading of Li Auto

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Xiamen Xinweidachuang Investment Partnership Limited Partnership acquired a new stake in Li Auto in the 2nd quarter valued at approximately $57,833,177. Hsbc Holdings PLC boosted its position in Li Auto by 648.8% during the 4th quarter. Hsbc Holdings PLC now owns 727,702 shares of the company's stock worth $12,259,000 after acquiring an additional 630,516 shares during the period. Quantinno Capital Management LP boosted its position in Li Auto by 160.6% during the 1st quarter. Quantinno Capital Management LP now owns 192,668 shares of the company's stock worth $3,435,000 after acquiring an additional 118,733 shares during the period. Barometer Capital Management Inc. bought a new position in shares of Li Auto in the first quarter worth $1,548,000. Finally, Headlands Technologies LLC bought a new position in shares of Li Auto in the second quarter worth $1,133,000. 9.88% of the stock is currently owned by institutional investors and hedge funds.

Li Auto Company Profile

Li Auto Inc is a Chinese automotive company that designs, develops, manufactures and sells new energy vehicles. The company focuses primarily on premium smart SUVs and has built its business around range-extended electric vehicle technology, which uses an onboard gasoline engine to generate electricity for the vehicle's battery and electric motors.

Li Auto's vehicle lineup has included the Li ONE and the L-series range-extended electric SUVs, including the Li L6, L7, L8 and L9. The company has also expanded into battery-electric vehicles, including the Li MEGA multi-purpose vehicle.

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