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

Li Auto Inc. Sponsored ADR (NASDAQ:LI) has received an average recommendation of “Reduce” from the eighteen ratings firms that are currently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $19.5917.

A number of brokerages recently issued reports on LI. HSBC lowered shares of Li Auto from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 4th. JPMorgan Chase & Co. downgraded shares of Li Auto from a “neutral” rating to an “underweight” rating and set a $14.00 price target for the company. in a research note on Monday, February 9th. Piper Sandler lifted their price target on shares of Li Auto from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. China Renaissance restated a “hold” rating and issued a $18.50 price objective on shares of Li Auto in a report on Monday, December 1st. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Li Auto in a research report on Monday, December 29th.

Hedge Funds Weigh In On Li Auto

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. boosted its holdings in Li Auto by 133.3% in the first quarter. Goldman Sachs Group Inc. now owns 2,636,156 shares of the company’s stock valued at $66,431,000 after acquiring an additional 1,505,991 shares during the last quarter. SIH Partners LLLP lifted its position in shares of Li Auto by 184.7% in the 4th quarter. SIH Partners LLLP now owns 2,199,063 shares of the company’s stock worth $37,230,000 after purchasing an additional 1,426,745 shares during the period. American Century Companies Inc. lifted its position in shares of Li Auto by 4.6% in the 3rd quarter. American Century Companies Inc. now owns 1,355,616 shares of the company’s stock worth $34,351,000 after purchasing an additional 60,172 shares during the period. LMR Partners LLP boosted its stake in shares of Li Auto by 2,697.4% in the 2nd quarter. LMR Partners LLP now owns 675,500 shares of the company’s stock valued at $18,313,000 after purchasing an additional 651,353 shares during the last quarter. Finally, Maxi Investments CY Ltd acquired a new stake in shares of Li Auto during the third quarter worth $16,040,000. 9.88% of the stock is owned by institutional investors and hedge funds.

Li Auto Price Performance

Li Auto stock opened at $17.59 on Monday. The stock has a 50-day moving average price of $17.35 and a two-hundred day moving average price of $20.20. Li Auto has a 12 month low of $15.71 and a 12 month high of $32.03. The company has a current ratio of 1.80, a quick ratio of 1.67 and a debt-to-equity ratio of 0.05.

About Li Auto

Li Auto Inc is a Chinese automotive company that develops, manufactures and sells smart electric vehicles, with an early focus on range-extended electric SUVs designed for family use. The company is headquartered in China and serves the domestic market through a combination of online channels and a network of retail/showroom locations. Li Auto was founded to address range-anxiety in electric vehicle buyers by integrating a small internal-combustion engine as a range extender alongside a large battery, enabling longer driving range while retaining electric driving characteristics.

The company’s product lineup centers on multi‑occupant SUVs that combine electric propulsion, advanced in‑vehicle connectivity and driver‑assistance features.