Li Auto Inc. Sponsored ADR (NASDAQ:LI) Receives Average Recommendation of "Reduce" from Analysts

Key Points

• Analysts collectively rate Li Auto “Reduce”: Of 14 analysts, three recommend selling, 10 rate it a hold, and one gives a strong-buy rating. The average 12-month price target is $16.28.
• Several firms recently lowered their price targets, including HSBC to $15.60, Barclays to $14.00, and Piper Sandler to $13.00; Zacks Research also downgraded the stock to “strong sell.”
• Li Auto shares opened at $11.97, near their 52-week low of $11.53, while the company reported a quarterly loss of $0.22 per share on $3.78 billion in revenue and had a negative 4.44% net margin.

Li Auto Inc. Sponsored ADR (NASDAQ:LI - Get Free Report) has earned an average rating of "Reduce" from the fourteen ratings firms that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $16.2818.

A number of research analysts recently commented on LI shares. HSBC lowered their price target on Li Auto from $17.20 to $15.60 and set a "hold" rating on the stock in a report on Wednesday, June 10th. Bank of America reaffirmed a "neutral" rating and set a $18.00 price objective on shares of Li Auto in a report on Thursday, May 28th. Barclays lowered their target price on shares of Li Auto from $18.00 to $14.00 and set an "equal weight" rating on the stock in a report on Friday, May 29th. Piper Sandler dropped their target price 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, August 27th. Finally, Zacks Research cut shares of Li Auto from a "hold" rating to a "strong sell" rating in a research note on Friday, August 28th.

Li Auto Trading Down 0.5%

Shares of LI stock opened at $11.97 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.65 and a current ratio of 1.81. The stock has a fifty day simple moving average of $12.45 and a two-hundred day simple moving average of $14.94. The firm has a market capitalization of $12.82 billion, a PE ratio of -17.87 and a beta of 0.55. Li Auto has a 52-week low of $11.53 and a 52-week high of $27.10.

Li Auto (NASDAQ:LI - Get Free Report) last announced its quarterly earnings data on Friday, July 31st. The company reported ($0.22) EPS for the quarter. Li Auto had a negative net margin of 4.44% and a negative return on equity of 6.58%. The business had revenue of $3.78 billion during the quarter. On average, analysts predict that Li Auto will post -0.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Tidal Investments LLC increased its holdings in shares of Li Auto by 10.7% in the second quarter. Tidal Investments LLC now owns 47,986 shares of the company's stock worth $563,000 after purchasing an additional 4,650 shares during the last quarter. WINTON GROUP Ltd bought a new position in Li Auto during the second quarter valued at approximately $470,000. Engineers Gate Manager LP bought a new position in Li Auto during the second quarter valued at approximately $500,000. Nykredit A S purchased a new position in Li Auto during the 2nd quarter valued at approximately $816,000. Finally, Corient Private Wealth LP purchased a new position in Li Auto during the 2nd quarter valued at approximately $146,000. Institutional investors own 9.88% of the company's stock.

About Li Auto

Li Auto Inc NASDAQ: LI is a Chinese new energy vehicle manufacturer that develops, manufactures and sells smart electric vehicles. The company has focused primarily on family-oriented vehicles, combining battery-electric powertrains with extended-range electric vehicle technology designed to provide additional driving range through an onboard engine-generator.

Li Auto's product portfolio has included the Li ONE and the Li L-series of premium sport utility vehicles, including the L6, L7, L8 and L9.

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