Analysts Set Li Auto Inc. Sponsored ADR (NASDAQ:LI) Price Target at $19.59

Li Auto Inc. Sponsored ADR (NASDAQ:LI) has received an average rating of “Reduce” from the eighteen brokerages that are presently covering the firm, 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 12-month price target among brokerages that have updated their coverage on the stock in the last year is $19.5917.

LI has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut shares of Li Auto from a “neutral” rating to an “underweight” rating and set a $14.00 target price for the company. in a report on Monday, February 9th. The Goldman Sachs Group restated a “buy” rating and issued a $27.00 price target on shares of Li Auto in a report on Monday, December 1st. China Renaissance reaffirmed a “hold” rating and set a $18.50 price objective on shares of Li Auto in a report on Monday, December 1st. HSBC lowered Li Auto from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 4th. Finally, Macquarie Infrastructure set a $15.00 price target on Li Auto in a research note on Thursday, January 15th.

Institutional Trading of Li Auto

Several institutional investors and hedge funds have recently modified their holdings of the business. Elevation Point Wealth Partners LLC acquired a new stake in shares of Li Auto in the second quarter valued at approximately $27,000. Farther Finance Advisors LLC lifted its stake in Li Auto by 312.3% in the 4th quarter. Farther Finance Advisors LLC now owns 1,674 shares of the company’s stock valued at $28,000 after buying an additional 1,268 shares in the last quarter. MAI Capital Management grew its holdings in Li Auto by 2,236.0% during the 2nd quarter. MAI Capital Management now owns 1,168 shares of the company’s stock valued at $32,000 after buying an additional 1,118 shares during the last quarter. DV Equities LLC purchased a new position in Li Auto during the fourth quarter worth $72,000. Finally, Mizuho Securities Co. Ltd. acquired a new position in shares of Li Auto in the second quarter worth $107,000. Hedge funds and other institutional investors own 9.88% of the company’s stock.

Li Auto Stock Performance

Shares of LI opened at $17.23 on Monday. The company has a current ratio of 1.80, a quick ratio of 1.67 and a debt-to-equity ratio of 0.05. Li Auto has a 52-week low of $15.71 and a 52-week high of $32.03. The company has a 50-day simple moving average of $17.38 and a 200-day simple moving average of $20.08.

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.