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 ratings firms that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $16.28.

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

Li Auto Price Performance

Shares of NASDAQ:LI opened at $11.34 on Tuesday. 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 stock’s fifty day simple moving average is $11.89 and its two-hundred day simple moving average is $14.05. Li Auto has a 1-year low of $10.66 and a 1-year high of $22.59. The stock has a market cap of $11.74 billion, a PE ratio of -16.93 and a beta of 0.50.

Li Auto (NASDAQ:LI) last posted its quarterly earnings data on Friday, July 31st. The company reported ($0.22) earnings per share (EPS) for the quarter. Li Auto had a negative return on equity of 6.58% and a negative net margin of 4.44%. The firm had revenue of $3.78 billion for the quarter. As a group, analysts forecast that Li Auto will post -0.71 EPS for the current fiscal year.

Hedge Funds Weigh In On Li Auto

Several institutional investors have recently modified their holdings of LI. EverSource Wealth Advisors LLC increased its position in shares of Li Auto by 157.9% during the first quarter. EverSource Wealth Advisors LLC now owns 2,878 shares of the company’s stock valued at $51,000 after acquiring an additional 1,762 shares during the last quarter. Corient Private Wealth LP purchased a new stake in shares of Li Auto during the 2nd quarter valued at $146,000. Parallel Advisors LLC increased its position in shares of Li Auto by 530.5% during the 1st quarter. Parallel Advisors LLC now owns 8,915 shares of the company’s stock valued at $159,000 after purchasing an additional 7,501 shares during the last quarter. Alpine Global Management LLC bought a new stake in shares of Li Auto during the 4th quarter worth $175,000. Finally, QRG Capital Management Inc. raised its stake in shares of Li Auto by 10.5% during the 2nd quarter. QRG Capital Management Inc. now owns 17,003 shares of the company’s stock worth $200,000 after purchasing an additional 1,615 shares during the period. 9.88% of the stock is owned by institutional investors.

Li Auto Company Profile

Li Auto Inc is a Chinese automotive company that designs, develops, manufactures and sells new energy vehicles. The company focuses primarily on premium smart SUVs and has built its business around range-extended electric vehicle technology, which uses an onboard gasoline engine to generate electricity for the vehicle’s battery and electric motors.

Li Auto’s vehicle lineup has included the Li ONE and the L-series range-extended electric SUVs, including the Li L6, L7, L8 and L9. The company has also expanded into battery-electric vehicles, including the Li MEGA multi-purpose vehicle.