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

Shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI - Get Free Report) have received an average rating of "Hold" from the eight brokerages that are presently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $32.85.

Separately, Cfra Research upgraded shares of Li Auto from a "strong sell" rating to a "hold" rating in a research note on Tuesday, June 10th.

Li Auto Stock Performance

LI traded down $0.42 during trading on Friday, hitting $30.42. The stock had a trading volume of 2,515,967 shares, compared to its average volume of 6,199,512. The firm has a market cap of $31.85 billion, a PE ratio of 28.97, a P/E/G ratio of 1.25 and a beta of 0.95. Li Auto has a 12 month low of $17.44 and a 12 month high of $33.12. The company has a current ratio of 1.87, a quick ratio of 1.72 and a debt-to-equity ratio of 0.12. The company has a 50 day simple moving average of $28.35 and a 200-day simple moving average of $26.25.

Li Auto (NASDAQ:LI - Get Free Report) last announced 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 firm had revenue of $3.53 billion for the quarter, compared to the consensus estimate of $3.45 billion. During the same period in the prior year, the business earned $1.21 earnings per share. The company's revenue for the quarter was up 1.1% on a year-over-year basis. Analysts expect that Li Auto will post 0.96 EPS for the current year.

Institutional Investors Weigh In On Li Auto

A number of institutional investors and hedge funds have recently made changes to their positions in LI. SVB Wealth LLC purchased a new position in shares of Li Auto during the 1st quarter valued at about $33,000. Summit Securities Group LLC purchased a new stake in Li Auto during the 1st quarter valued at about $50,000. CX Institutional purchased a new stake in Li Auto during the 1st quarter valued at about $72,000. Brooklyn Investment Group boosted its holdings in Li Auto by 1,077.3% during the 1st quarter. Brooklyn Investment Group now owns 4,980 shares of the company's stock valued at $125,000 after acquiring an additional 4,557 shares during the period. Finally, Halbert Hargrove Global Advisors LLC purchased a new stake in Li Auto during the 1st quarter valued at about $126,000. Hedge funds and other institutional investors own 9.88% of the company's stock.

Li Auto Company Profile

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.