Li Auto Inc. Sponsored ADR (NASDAQ:LI) Stock Now Rated "Reduce" by Wall Street Brokerages

Key Points

• Analysts have a consensus “Reduce” rating on Li Auto: three of 13 recommend selling, while ten recommend holding. Their average 12-month price target is $16.28.
• Recent rating changes include downgrades to “strong sell” from Wall Street Zen and Zacks Research; Piper Sandler lowered its price target to $13 and maintained a neutral rating.
• Li Auto shares opened at $12.53, up 5.1% in the reported session. The company reported a quarterly loss of $0.22 per share on $3.78 billion in revenue.

Shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI - Get Free Report) have been given a consensus recommendation of "Reduce" by the thirteen analysts that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation and ten have issued a hold recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $16.28.

A number of analysts recently issued reports on LI shares. Weiss Ratings reissued a "sell (d)" rating on shares of Li Auto in a report on Wednesday, August 26th. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $14.50 price objective on shares of Li Auto in a research report on Wednesday, August 26th. Wall Street Zen lowered shares of Li Auto from a "sell" rating to a "strong sell" rating in a research report on Sunday, September 6th. Piper Sandler dropped their price objective on shares of Li Auto from $15.00 to $13.00 and set a "neutral" rating on the stock in a research note on Thursday, August 27th. Finally, Zacks Research cut shares of Li Auto from a "hold" rating to a "strong sell" rating in a research report on Monday, November 2nd.

Li Auto Stock Up 5.1%

Shares of NASDAQ LI opened at $12.53 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.81 and a quick ratio of 1.65. The company has a market capitalization of $12.98 billion, a price-to-earnings ratio of -18.70 and a beta of 0.40. The business has a 50-day moving average of $11.59 and a two-hundred day moving average of $14.70. Li Auto has a 1 year low of $10.66 and a 1 year high of $20.57.

Li Auto (NASDAQ:LI - Get Free Report) last released its quarterly earnings data on Friday, July 31st. The company reported ($0.22) earnings per share for the quarter. The firm had revenue of $3.78 billion during the quarter. Li Auto had a negative return on equity of 6.58% and a negative net margin of 4.44%. On average, analysts forecast that Li Auto will post -0.72 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Xiamen Xinweidachuang Investment Partnership Limited Partnership bought a new stake in shares of Li Auto in the 2nd quarter worth approximately $57,833,177. Quantinno Capital Management LP lifted its holdings 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 buying an additional 118,733 shares in the last quarter. Barometer Capital Management Inc. acquired a new position in Li Auto in the 1st quarter valued at $1,548,000. Headlands Technologies LLC purchased a new position in shares of Li Auto during the 2nd quarter worth about $1,133,000. Finally, Nykredit A S acquired a new stake in shares of Li Auto during the 2nd quarter valued at approximately $816,000. Institutional investors own 9.88% of the company's stock.

Li Auto Company Profile

Li Auto Inc is a Chinese automaker that designs, develops, manufactures and sells new energy vehicles. The company focuses on smart electric vehicles, including extended-range electric vehicles that combine a battery-powered drivetrain with an onboard engine generator, as well as battery-electric vehicles.

Its product lineup has included the Li ONE and the L-series range-extended electric SUVs, such as the Li L6, Li L7, Li L8 and Li L9. The company has also developed the Li MEGA, a battery-electric multi-purpose vehicle.

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