Li Auto Inc. Sponsored ADR (NASDAQ:LI) Stock Has Average Target Price of $16.28

Li Auto Inc. Sponsored ADR (NASDAQ:LI) has been assigned a consensus rating of “Reduce” from the thirteen brokerages that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating and ten have given a hold rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $16.28.

A number of analysts recently commented on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Li Auto in a research report on Wednesday, August 26th. Wall Street Zen lowered Li Auto from a “sell” rating to a “strong sell” rating in a report on Sunday, September 6th. Piper Sandler cut their price objective on Li Auto from $15.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, August 27th. Zacks Research downgraded Li Auto from a “hold” rating to a “strong sell” rating in a research note on Monday, November 2nd. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $14.50 target price on shares of Li Auto in a research report on Wednesday, August 26th.

Institutional Investors Weigh In On Li Auto

Several large investors have recently added to or reduced their stakes in LI. Xiamen Xinweidachuang Investment Partnership Limited Partnership bought a new stake in shares of Li Auto in the second quarter valued at approximately $57,833,177. Quantinno Capital Management LP raised its position in Li Auto by 160.6% during the first quarter. Quantinno Capital Management LP now owns 192,668 shares of the company’s stock valued at $3,435,000 after purchasing an additional 118,733 shares in the last quarter. Headlands Technologies LLC bought a new stake in Li Auto in the 2nd quarter worth approximately $1,133,000. Barometer Capital Management Inc. bought a new stake in shares of Li Auto in the 1st quarter worth approximately $1,548,000. Finally, Nykredit A S purchased a new stake in shares of Li Auto in the 2nd quarter valued at $816,000. Hedge funds and other institutional investors own 9.88% of the company’s stock.

Li Auto Stock Performance

NASDAQ LI opened at $12.34 on Friday. The company has a fifty day simple moving average of $11.59 and a 200 day simple moving average of $14.68. Li Auto has a 12-month low of $10.66 and a 12-month high of $20.57. The company has a current ratio of 1.81, a quick ratio of 1.65 and a debt-to-equity ratio of 0.11. The company has a market cap of $12.78 billion, a P/E ratio of -18.42 and a beta of 0.40.

Li Auto (NASDAQ:LI) last announced its quarterly earnings results on Friday, July 31st. The company reported ($0.22) earnings per share for the quarter. The business had revenue of $3.78 billion during the quarter. Li Auto had a negative net margin of 4.44% and a negative return on equity of 6.58%. Sell-side analysts predict that Li Auto will post -0.72 earnings per share for the current fiscal year.

Li Auto Company Profile

Li Auto Inc is a Chinese automaker that designs, develops, manufactures and sells new energy vehicles, with a focus on family-oriented passenger vehicles. Founded in 2015 by entrepreneur Li Xiang, the company is headquartered in Beijing.

Li Auto is known for its range-extended electric vehicles, which use an onboard gasoline engine to generate electricity when needed. Its products have included the Li L-series SUVs and the all-electric Li MEGA multi-purpose vehicle, alongside vehicle software and related services.

The company primarily serves customers in China through its sales and service network.