Analysts Set Li Auto Inc. Sponsored ADR (NASDAQ:LI) PT at $20.76

Li Auto Inc. Sponsored ADR (NASDAQ:LI) has earned an average recommendation of “Hold” from the eighteen analysts that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $20.7583.

Several research firms have recently issued reports on LI. Weiss Ratings reiterated a “sell (d+)” rating on shares of Li Auto in a report on Monday, December 29th. Jefferies Financial Group reiterated a “hold” rating and set a $17.50 price objective (down previously from $28.80) on shares of Li Auto in a research note on Friday, January 23rd. China Renaissance reissued a “hold” rating and issued a $18.50 target price on shares of Li Auto in a research note on Monday, December 1st. HSBC downgraded Li Auto from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 4th. Finally, Citigroup dropped their price target on shares of Li Auto from $20.20 to $18.50 and set a “neutral” rating on the stock in a research note on Thursday, January 15th.

Institutional Investors Weigh In On Li Auto

A number of institutional investors have recently made changes to their positions in the company. Tidal Investments LLC increased its stake in Li Auto by 1.0% in the 2nd quarter. Tidal Investments LLC now owns 88,772 shares of the company’s stock worth $2,407,000 after acquiring an additional 856 shares during the last quarter. Aberdeen Group plc grew its holdings in shares of Li Auto by 3.1% in the third quarter. Aberdeen Group plc now owns 28,842 shares of the company’s stock valued at $731,000 after purchasing an additional 872 shares in the last quarter. Corient Private Wealth LLC grew its holdings in shares of Li Auto by 8.6% in the second quarter. Corient Private Wealth LLC now owns 11,955 shares of the company’s stock valued at $324,000 after purchasing an additional 951 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new stake in Li Auto in the second quarter worth $27,000. Finally, QRG Capital Management Inc. raised its stake in Li Auto by 7.8% during the second quarter. QRG Capital Management Inc. now owns 14,378 shares of the company’s stock valued at $390,000 after purchasing an additional 1,035 shares in the last quarter. Hedge funds and other institutional investors own 9.88% of the company’s stock.

Li Auto Price Performance

Shares of Li Auto stock opened at $18.97 on Thursday. Li Auto has a 1 year low of $15.71 and a 1 year high of $33.12. The company has a 50-day moving average of $16.99 and a 200 day moving average of $21.07. The company has a current ratio of 1.80, a quick ratio of 1.67 and a debt-to-equity ratio of 0.05.

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.