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

Li Auto Inc. Sponsored ADR (NASDAQ:LI) has earned a consensus recommendation of “Hold” from the sixteen analysts that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, ten have given a hold recommendation, one has assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $24.9375.

A number of research firms recently commented on LI. Sanford C. Bernstein lowered their price objective on shares of Li Auto from $26.00 to $25.00 and set a “market perform” rating for the company in a research report on Friday, August 29th. Bank of America cut Li Auto from a “buy” rating to a “neutral” rating and set a $26.00 price objective on the stock. in a report on Thursday, August 28th. Dbs Bank cut Li Auto from a “moderate buy” rating to a “hold” rating in a research note on Friday, August 29th. Piper Sandler assumed coverage on shares of Li Auto in a research note on Tuesday, November 11th. They issued a “neutral” rating and a $19.00 price target on the stock. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Li Auto in a research report on Wednesday, October 8th.

Institutional Trading of Li Auto

Several hedge funds and other institutional investors have recently modified their holdings of the company. Elevation Point Wealth Partners LLC bought a new stake in shares of Li Auto in the second quarter valued at about $27,000. MAI Capital Management lifted its stake in Li Auto by 2,236.0% in the 2nd quarter. MAI Capital Management now owns 1,168 shares of the company’s stock valued at $32,000 after acquiring an additional 1,118 shares in the last quarter. SVB Wealth LLC acquired a new position in Li Auto during the 1st quarter worth approximately $33,000. Summit Securities Group LLC bought a new position in shares of Li Auto during the 1st quarter worth approximately $50,000. Finally, Mizuho Securities Co. Ltd. acquired a new stake in shares of Li Auto in the second quarter valued at approximately $107,000. Institutional investors and hedge funds own 9.88% of the company’s stock.

Li Auto Stock Up 2.1%

Shares of NASDAQ:LI opened at $18.02 on Friday. The company has a 50 day moving average price of $22.51 and a two-hundred day moving average price of $25.35. 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 capitalization of $18.87 billion, a PE ratio of 17.16 and a beta of 1.05. Li Auto has a 52 week low of $17.59 and a 52 week high of $33.12.

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.