Li Auto Inc. Sponsored ADR (NASDAQ:LI) Given Average Rating of "Hold" by Brokerages

Key Points

• Li Auto has a consensus “Hold” rating from 15 analysts: 11 recommend holding, two rate it a sell, one recommends buying, and one gives a strong-buy rating. The average 12-month price target is $17.24.
• Several firms recently lowered their outlook, including HSBC, which cut its target to $15.60, and Barclays, which reduced its target to $14.00; Bank of America maintained a neutral rating with an $18.00 target.
• Li Auto shares opened at $13.06, near the lower end of their 52-week range, while the company reported quarterly revenue of $3.33 billion and a loss of $0.15 per share. Institutional investors own 9.88% of the stock.

Shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI - Get Free Report) have been given a consensus recommendation of "Hold" by the fifteen research firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $17.2364.

LI has been the topic of a number of research reports. Weiss Ratings cut shares of Li Auto from a "sell (d+)" rating to a "sell (d)" rating in a research note on Friday, May 29th. Bank of America reiterated a "neutral" rating and issued a $18.00 price target on shares of Li Auto in a research note on Thursday, May 28th. HSBC cut their price objective on Li Auto from $17.20 to $15.60 and set a "hold" rating on the stock in a report on Wednesday, June 10th. Barclays reduced their price objective on Li Auto from $18.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Friday, May 29th. Finally, Zacks Research upgraded Li Auto from a "strong sell" rating to a "hold" rating in a research report on Wednesday, July 15th.

Institutional Investors Weigh In On Li Auto

Institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC raised its stake in shares of Li Auto by 312.3% during the fourth quarter. Farther Finance Advisors LLC now owns 1,674 shares of the company's stock valued at $28,000 after acquiring an additional 1,268 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in Li Auto by 157.9% in the first quarter. EverSource Wealth Advisors LLC now owns 2,878 shares of the company's stock valued at $51,000 after purchasing an additional 1,762 shares during the period. DV Equities LLC acquired a new stake in Li Auto in the fourth quarter valued at $72,000. Limestone Investment Advisors LP bought a new position in Li Auto during the 3rd quarter worth $222,000. Finally, Parallel Advisors LLC raised its position in Li Auto by 530.5% during the 1st quarter. Parallel Advisors LLC now owns 8,915 shares of the company's stock worth $159,000 after purchasing an additional 7,501 shares during the last quarter. 9.88% of the stock is owned by institutional investors.

Li Auto Trading Up 0.1%

Shares of LI opened at $13.06 on Monday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.75 and a current ratio of 1.88. Li Auto has a 52-week low of $11.65 and a 52-week high of $27.10. The firm has a market cap of $13.99 billion, a price-to-earnings ratio of -46.64 and a beta of 0.55. The business's fifty day moving average is $12.62 and its 200-day moving average is $15.77.

Li Auto (NASDAQ:LI - Get Free Report) last released its earnings results on Friday, May 15th. The company reported ($0.15) earnings per share (EPS) for the quarter. Li Auto had a negative net margin of 1.72% and a negative return on equity of 2.58%. The business had revenue of $3.33 billion during the quarter. Equities analysts anticipate that Li Auto will post -0.12 EPS for the current fiscal year.

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.

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