Analysts Set Li Auto Inc. Sponsored ADR (NASDAQ:LI) PT at $17.55

Shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI) have earned a consensus recommendation of “Reduce” from the sixteen analysts that are presently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $17.30.

LI has been the topic of several research reports. JPMorgan Chase & Co. lifted their price target on shares of Li Auto from $14.00 to $15.50 and gave the company an “underweight” rating in a report on Friday, March 13th. Weiss Ratings lowered shares of Li Auto from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 29th. Sanford C. Bernstein set a $19.00 price target on shares of Li Auto and gave the company a “market perform” rating in a report on Friday, March 13th. BNP Paribas Exane raised shares of Li Auto from an “underperform” rating to a “neutral” rating in a report on Wednesday, April 22nd. Finally, Bank of America reaffirmed a “neutral” rating and set a $18.00 price target on shares of Li Auto in a report on Thursday, May 28th.

Institutional Investors Weigh In On Li Auto

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC grew its holdings in shares of Li Auto by 312.3% during the 4th quarter. Farther Finance Advisors LLC now owns 1,674 shares of the company’s stock valued at $28,000 after purchasing an additional 1,268 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Li Auto by 157.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,878 shares of the company’s stock valued at $51,000 after purchasing an additional 1,762 shares during the last quarter. DV Equities LLC bought a new stake in shares of Li Auto during the 4th quarter valued at approximately $72,000. Parallel Advisors LLC grew its holdings 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. Finally, Tuttle Capital Management LLC bought a new stake in shares of Li Auto during the 4th quarter valued at approximately $170,000. 9.88% of the stock is owned by institutional investors.

Li Auto Price Performance

Shares of NASDAQ:LI opened at $14.04 on Wednesday. The firm has a 50 day moving average of $16.96 and a 200-day moving average of $17.26. The stock has a market capitalization of $15.00 billion, a PE ratio of -50.14 and a beta of 0.57. The company has a current ratio of 1.88, a quick ratio of 1.75 and a debt-to-equity ratio of 0.06. Li Auto has a 12 month low of $13.36 and a 12 month high of $32.03.

Li Auto (NASDAQ:LI) last issued its earnings results on Friday, May 15th. The company reported ($0.15) EPS for the quarter. The firm had revenue of $3.33 billion during the quarter. Li Auto had a negative net margin of 1.72% and a negative return on equity of 2.58%. On average, equities research analysts predict that Li Auto will post -0.07 EPS for the current fiscal year.

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.