Brokerages Set Li Auto Inc. Sponsored ADR (NASDAQ:LI) PT at $18.55

Shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI) have been given an average recommendation of “Hold” by the seventeen ratings firms that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $18.55.

Several equities research analysts have recently weighed in on LI shares. The Goldman Sachs Group cut Li Auto from a “buy” rating to a “neutral” rating and set a $19.00 price target on the stock. in a research report on Tuesday, March 17th. Sanford C. Bernstein set a $19.00 price target on Li Auto and gave the company a “market perform” rating in a research report on Friday, March 13th. Wall Street Zen upgraded Li Auto from a “strong sell” rating to a “sell” rating in a research report on Sunday, April 12th. Piper Sandler upgraded Li Auto from a “neutral” rating to an “outperform” rating in a research report on Friday, March 13th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Li Auto in a research report on Friday, March 27th.

Institutional Investors Weigh In On Li Auto

Hedge funds and other institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC grew its holdings in shares of Li Auto by 312.3% during the fourth quarter. Farther Finance Advisors LLC now owns 1,674 shares of the company’s stock worth $28,000 after purchasing an additional 1,268 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings 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 worth $51,000 after purchasing an additional 1,762 shares in the last quarter. DV Equities LLC purchased a new position in shares of Li Auto during the fourth quarter worth about $72,000. Parallel Advisors LLC grew its holdings in shares of Li Auto by 530.5% during the first quarter. Parallel Advisors LLC now owns 8,915 shares of the company’s stock worth $159,000 after purchasing an additional 7,501 shares in the last quarter. Finally, Tuttle Capital Management LLC purchased a new position in shares of Li Auto during the fourth quarter worth about $170,000. 9.88% of the stock is currently owned by institutional investors.

Li Auto Trading Down 9.8%

Shares of Li Auto stock opened at $16.69 on Friday. Li Auto has a 52-week low of $15.71 and a 52-week high of $32.03. The stock’s 50-day simple moving average is $18.09 and its 200 day simple moving average is $17.93. The stock has a market capitalization of $17.83 billion, a P/E ratio of 128.39 and a beta of 0.63. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.68 and a current ratio of 1.81.

Li Auto (NASDAQ:LI) last announced its quarterly earnings results on Sunday, March 22nd. The company reported ($0.06) earnings per share for the quarter. Li Auto had a net margin of 0.99% and a return on equity of 1.52%. The company had revenue of $545.61 million for the quarter. As a group, research analysts anticipate that Li Auto will post 0.12 EPS for the current 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.