Li Auto (NASDAQ:LI) Issues Earnings Results

Li Auto (NASDAQ:LI) released its earnings results on Thursday. The company reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.06), Zacks reports. Li Auto had a net margin of 0.99% and a return on equity of 1.52%.

Li Auto Price Performance

LI opened at $15.78 on Thursday. The company has a market capitalization of $16.85 billion, a price-to-earnings ratio of 121.39 and a beta of 0.63. The company has a quick ratio of 1.68, a current ratio of 1.81 and a debt-to-equity ratio of 0.05. The firm has a 50-day moving average price of $17.85 and a 200-day moving average price of $17.71. Li Auto has a twelve month low of $15.29 and a twelve month high of $32.03.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LI. BNP Paribas Exane upgraded shares of Li Auto from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 22nd. Piper Sandler upgraded Li Auto from a “neutral” rating to an “outperform” rating in a research note on Friday, March 13th. Sanford C. Bernstein set a $19.00 target price on Li Auto and gave the company a “market perform” rating in a research note on Friday, March 13th. Wall Street Zen upgraded Li Auto from a “strong sell” rating to a “sell” rating in a research note on Sunday, April 12th. Finally, JPMorgan Chase & Co. boosted their target price on Li Auto from $14.00 to $15.50 and gave the company an “underweight” rating in a research note on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $18.55.

Hedge Funds Weigh In On Li Auto

A number of large investors have recently made changes to their positions in LI. Goldman Sachs Group Inc. boosted its holdings in shares of Li Auto by 133.3% in the first quarter. Goldman Sachs Group Inc. now owns 2,636,156 shares of the company’s stock worth $66,431,000 after acquiring an additional 1,505,991 shares during the period. SIH Partners LLLP boosted its holdings in shares of Li Auto by 184.7% in the fourth quarter. SIH Partners LLLP now owns 2,199,063 shares of the company’s stock worth $37,230,000 after acquiring an additional 1,426,745 shares during the period. Barclays PLC boosted its holdings in shares of Li Auto by 167.0% in the fourth quarter. Barclays PLC now owns 536,718 shares of the company’s stock worth $9,087,000 after acquiring an additional 335,718 shares during the period. Credit Agricole S A bought a new position in shares of Li Auto in the third quarter worth $5,055,000. Finally, NINE MASTS CAPITAL Ltd bought a new position in shares of Li Auto in the third quarter worth $1,806,000. 9.88% of the stock is owned by institutional investors.

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.