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

Key Points

• Li Auto Inc. has received a consensus rating of "Hold" from analysts, with variations in recommendations ranging from sell to strong buy.
• The average 1-year target price for Li Auto shares is $25.79, reflecting a decrease in target prices from several research firms.
• Institutional investors hold 9.88% of Li Auto shares, with significant recent activity from hedge funds increasing their stakes in the company.

Shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI - Get Free Report) have received a consensus rating of "Hold" from the fourteen analysts that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation, one has assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $25.7857.

A number of research firms have recently issued reports on LI. Macquarie lowered Li Auto from a "neutral" rating to an "underperform" rating and reduced their target price for the company from $28.00 to $21.00 in a report on Friday, August 22nd. BNP Paribas Exane began coverage on Li Auto in a research note on Monday, August 18th. They issued an "underperform" rating and a $18.00 price objective for the company. Wall Street Zen cut Li Auto from a "hold" rating to a "sell" rating in a research note on Saturday, August 30th. Barclays dropped their target price on Li Auto from $31.00 to $24.00 and set an "equal weight" rating on the stock in a report on Thursday, August 28th. Finally, Bank of America cut shares of Li Auto from a "buy" rating to a "neutral" rating and set a $26.00 price target for the company. in a report on Thursday, August 28th.

Li Auto Stock Up 1.3%

Shares of NASDAQ:LI opened at $25.83 on Friday. The firm has a 50 day simple moving average of $24.91 and a 200 day simple moving average of $26.05. Li Auto has a 52 week low of $19.10 and a 52 week high of $33.12. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.57 and a current ratio of 1.73. The company has a market cap of $27.05 billion, a PE ratio of 24.60 and a beta of 1.01.

Hedge Funds Weigh In On Li Auto

A number of hedge funds have recently modified their holdings of the stock. Elevation Point Wealth Partners LLC purchased a new stake in shares of Li Auto during the second quarter worth $27,000. MAI Capital Management increased its position in Li Auto by 2,236.0% in the 2nd quarter. MAI Capital Management now owns 1,168 shares of the company's stock worth $32,000 after purchasing an additional 1,118 shares during the last quarter. SVB Wealth LLC purchased a new stake in shares of Li Auto during the 1st quarter worth about $33,000. Summit Securities Group LLC purchased a new stake in shares of Li Auto during the 1st quarter worth about $50,000. Finally, CX Institutional purchased a new stake in shares of Li Auto during the 1st quarter worth about $72,000. 9.88% of the stock is owned by institutional investors and hedge funds.

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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