Li Auto Inc. Sponsored ADR (NASDAQ:LI) Receives $21.75 Consensus Target Price from Analysts

Li Auto Inc. Sponsored ADR (NASDAQ:LI) has received a consensus recommendation of “Hold” from the twenty ratings firms that are currently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, one has given a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $21.0545.

Several research analysts recently issued reports on the stock. Hsbc Global Res downgraded shares of Li Auto from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 4th. Barclays reduced their target price on shares of Li Auto from $24.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Monday, December 1st. Macquarie set a $15.00 price objective on Li Auto in a report on Thursday. Zacks Research raised Li Auto from a “strong sell” rating to a “hold” rating in a research note on Monday, September 29th. Finally, Piper Sandler boosted their target price on Li Auto from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in LI. Goldman Sachs Group Inc. boosted its holdings in Li Auto by 133.3% during the first quarter. Goldman Sachs Group Inc. now owns 2,636,156 shares of the company’s stock worth $66,431,000 after buying an additional 1,505,991 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in Li Auto during the 2nd quarter worth approximately $30,055,000. LMR Partners LLP grew its holdings in Li Auto by 2,697.4% during 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 during the period. Maxi Investments CY Ltd bought a new stake in Li Auto in the third quarter valued at approximately $16,040,000. Finally, SG Americas Securities LLC raised its holdings in Li Auto by 324.2% in the fourth quarter. SG Americas Securities LLC now owns 342,025 shares of the company’s stock worth $5,790,000 after purchasing an additional 261,389 shares during the period. 9.88% of the stock is currently owned by institutional investors.

Li Auto Price Performance

LI traded down $0.20 during midday trading on Friday, reaching $16.19. 4,929,117 shares of the company’s stock were exchanged, compared to its average volume of 4,173,193. The company has a quick ratio of 1.67, a current ratio of 1.80 and a debt-to-equity ratio of 0.05. The business has a 50-day simple moving average of $17.57 and a two-hundred day simple moving average of $22.27. The firm has a market capitalization of $16.95 billion, a price-to-earnings ratio of 27.91 and a beta of 0.56. Li Auto has a one year low of $15.87 and a one year high of $33.12.

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.