Li Auto Inc. Sponsored ADR (NASDAQ:LI) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI) have received an average rating of “Hold” from the fifteen analysts that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $25.7857.

A number of research analysts recently commented on the company. Zacks Research upgraded Li Auto from a “strong sell” rating to a “hold” rating in a research report on Monday, September 29th. Weiss Ratings restated a “hold (c)” rating on shares of Li Auto in a research report on Wednesday, October 8th. BNP Paribas Exane assumed coverage on Li Auto in a research report on Monday, August 18th. They issued an “underperform” rating and a $18.00 price target on the stock. JPMorgan Chase & Co. restated a “neutral” rating and issued a $28.00 price target (down previously from $33.00) on shares of Li Auto in a research report on Thursday, August 14th. Finally, CLSA upgraded Li Auto to a “strong-buy” rating in a research report on Monday, September 22nd.

Li Auto Stock Down 1.6%

LI stock opened at $21.56 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.73 and a quick ratio of 1.57. The stock has a market capitalization of $22.58 billion, a price-to-earnings ratio of 20.53 and a beta of 1.01. The business’s fifty day moving average price is $24.05 and its two-hundred day moving average price is $25.89. Li Auto has a fifty-two week low of $19.10 and a fifty-two week high of $33.12.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of LI. Elevation Point Wealth Partners LLC acquired a new stake in Li Auto in the second quarter valued at about $27,000. MAI Capital Management boosted its stake in Li Auto by 2,236.0% in the second quarter. MAI Capital Management now owns 1,168 shares of the company’s stock valued at $32,000 after buying an additional 1,118 shares in the last quarter. SVB Wealth LLC acquired a new stake in Li Auto in the first quarter valued at about $33,000. Summit Securities Group LLC acquired a new stake in Li Auto in the first quarter valued at about $50,000. Finally, Mizuho Securities Co. Ltd. acquired a new stake in Li Auto in the second quarter valued at about $107,000. 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.