Li Auto Inc. Sponsored ADR (NASDAQ:LI) Given Consensus Recommendation of "Hold" by Analysts

Li Auto Inc. Sponsored ADR (NASDAQ:LI - Get Free Report) has received an average rating of "Hold" from the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $32.85.

Separately, Cfra Research raised Li Auto from a "strong sell" rating to a "hold" rating in a research report on Tuesday, June 10th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in Li Auto by 459.3% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,923,620 shares of the company's stock worth $426,475,000 after acquiring an additional 13,897,555 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Li Auto by 1.3% in the fourth quarter. Renaissance Technologies LLC now owns 7,800,639 shares of the company's stock valued at $187,137,000 after buying an additional 99,539 shares during the last quarter. Brilliance Asset Management Ltd. raised its stake in Li Auto by 0.7% during the fourth quarter. Brilliance Asset Management Ltd. now owns 3,508,642 shares of the company's stock valued at $84,172,000 after buying an additional 24,416 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Li Auto by 133.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,636,156 shares of the company's stock worth $66,431,000 after buying an additional 1,505,991 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Li Auto in the 1st quarter worth approximately $41,076,000. 9.88% of the stock is owned by hedge funds and other institutional investors.

Li Auto Price Performance

Shares of NASDAQ LI opened at $31.80 on Friday. The company has a quick ratio of 1.72, a current ratio of 1.87 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $33.30 billion, a PE ratio of 30.29, a P/E/G ratio of 1.29 and a beta of 0.95. The firm has a fifty day simple moving average of $28.22 and a 200 day simple moving average of $26.13. Li Auto has a twelve month low of $17.44 and a twelve month high of $33.12.

Li Auto (NASDAQ:LI - Get Free Report) last posted its quarterly earnings results on Thursday, May 29th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.01). Li Auto had a net margin of 5.60% and a return on equity of 11.83%. The business had revenue of $3.53 billion during the quarter, compared to analyst estimates of $3.45 billion. During the same period in the previous year, the business posted $1.21 EPS. The business's revenue for the quarter was up 1.1% compared to the same quarter last year. On average, sell-side analysts forecast that Li Auto will post 0.96 EPS for the current year.

About Li Auto

Li Auto Inc operates in the energy vehicle market in the People's Republic of China. It designs, develops, manufactures, and sells premium smart electric vehicles. The company's product line comprises MPVs and sport utility vehicles. It offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment.

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