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

Li Auto Inc. Sponsored ADR (NASDAQ:LI - Get Free Report) has earned an average rating of "Hold" from the eight analysts that are covering the stock, Marketbeat.com 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 twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $32.85.

A number of equities research analysts have issued reports on LI shares. HSBC set a $38.50 price objective on shares of Li Auto and gave the stock a "buy" rating in a research note on Thursday, March 6th. Macquarie cut shares of Li Auto from an "outperform" rating to a "neutral" rating and set a $27.00 target price for the company. in a research report on Monday, March 17th. Nomura Securities upgraded shares of Li Auto to a "hold" rating in a research report on Monday, March 17th. JPMorgan Chase & Co. upgraded shares of Li Auto from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $22.00 to $40.00 in a research report on Friday, February 28th. Finally, Cfra Research raised shares of Li Auto from a "strong sell" rating to a "hold" rating in a report on Tuesday, June 10th.

Institutional Investors Weigh In On Li Auto

Several hedge funds and other institutional investors have recently made changes to their positions in LI. SVB Wealth LLC bought a new stake in Li Auto during the 1st quarter worth approximately $33,000. Summit Securities Group LLC bought a new stake in Li Auto during the 1st quarter worth approximately $50,000. CX Institutional bought a new stake in Li Auto during the 1st quarter worth approximately $72,000. Daiwa Securities Group Inc. grew its holdings in Li Auto by 16.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the company's stock worth $84,000 after acquiring an additional 500 shares during the last quarter. Finally, Brooklyn Investment Group grew 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 worth $125,000 after acquiring an additional 4,557 shares during the last quarter. 9.88% of the stock is owned by institutional investors.

Li Auto Stock Up 1.6%

Li Auto stock opened at $28.53 on Wednesday. The stock has a market cap of $29.87 billion, a P/E ratio of 27.17, a P/E/G ratio of 1.18 and a beta of 0.98. The company has a quick ratio of 1.72, a current ratio of 1.87 and a debt-to-equity ratio of 0.12. Li Auto has a twelve month low of $17.44 and a twelve month high of $33.12. The company's 50-day moving average price is $27.00 and its two-hundred day moving average price is $25.60.

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

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.

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