Li Auto Inc. Sponsored ADR (NASDAQ:LI) Given Average Rating of “Reduce” by Analysts

Li Auto Inc. Sponsored ADR (NASDAQ:LI) has been given a consensus rating of “Reduce” by the seventeen analysts that are presently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $18.55.

LI has been the topic of several recent analyst reports. Sanford C. Bernstein set a $19.00 target price on Li Auto and gave the stock a “market perform” rating in a report on Friday, March 13th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Li Auto in a research report on Monday, December 29th. JPMorgan Chase & Co. boosted their price objective on Li Auto from $14.00 to $15.50 and gave the stock an “underweight” rating in a research note on Friday, March 13th. HSBC cut Li Auto from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 4th. Finally, Piper Sandler upgraded Li Auto from a “neutral” rating to an “outperform” rating in a research note on Friday, March 13th.

Li Auto Price Performance

Shares of Li Auto stock opened at $17.58 on Friday. The stock has a market capitalization of $18.60 billion, a price-to-earnings ratio of 135.24 and a beta of 0.60. The firm’s 50-day moving average price is $17.58 and its two-hundred day moving average price is $19.42. The company has a current ratio of 1.81, a quick ratio of 1.68 and a debt-to-equity ratio of 0.05. Li Auto has a 1-year low of $15.71 and a 1-year high of $32.03.

Institutional Investors Weigh In On Li Auto

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LI. LMR Partners LLP increased its holdings in shares of Li Auto by 2,697.4% in the second 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 in the last quarter. ABC Arbitrage SA acquired a new position in Li Auto during the 3rd quarter worth $865,000. American Century Companies Inc. boosted its position in Li Auto by 12.6% in the 2nd quarter. American Century Companies Inc. now owns 1,295,444 shares of the company’s stock valued at $35,119,000 after buying an additional 144,625 shares during the last quarter. Quadrant Capital Group LLC boosted its position in Li Auto by 400.5% in the 2nd quarter. Quadrant Capital Group LLC now owns 48,982 shares of the company’s stock valued at $1,328,000 after buying an additional 39,196 shares during the last quarter. Finally, Maxi Investments CY Ltd acquired a new stake in shares of Li Auto in the 3rd quarter valued at $16,040,000. Institutional investors and hedge funds own 9.88% of the company’s stock.

Li Auto Company Profile

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.