Li Auto Inc. Sponsored ADR (NASDAQ:LI) Receives $32.85 Average Target Price from Brokerages

Li Auto Inc. Sponsored ADR (NASDAQ:LI) has been assigned a consensus recommendation of “Hold” from the eight analysts that are presently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $30.85.

A number of equities analysts recently commented on the stock. Cfra Research raised shares of Li Auto from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 10th. JPMorgan Chase & Co. restated a “neutral” rating and set a $28.00 target price (down previously from $33.00) on shares of Li Auto in a research report on Thursday.

Institutional Trading of Li Auto

A number of large investors have recently modified their holdings of LI. PNC Financial Services Group Inc. boosted its holdings in Li Auto by 9.6% in the first quarter. PNC Financial Services Group Inc. now owns 6,134 shares of the company’s stock worth $155,000 after acquiring an additional 538 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC raised its position in shares of Li Auto by 2.2% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 25,174 shares of the company’s stock valued at $604,000 after purchasing an additional 547 shares during the last quarter. US Bancorp DE boosted its stake in Li Auto by 9.0% in the 1st quarter. US Bancorp DE now owns 10,255 shares of the company’s stock worth $258,000 after purchasing an additional 844 shares in the last quarter. Tidal Investments LLC boosted 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 purchasing an additional 856 shares in the last quarter. Finally, Corient Private Wealth LLC grew its position in Li Auto by 8.6% during the 2nd quarter. Corient Private Wealth LLC now owns 11,955 shares of the company’s stock worth $324,000 after purchasing an additional 951 shares during the last quarter. Hedge funds and other institutional investors own 9.88% of the company’s stock.

Li Auto Stock Performance

NASDAQ LI opened at $24.19 on Thursday. The business’s 50 day moving average price is $27.38 and its 200-day moving average price is $26.62. Li Auto has a fifty-two week low of $17.44 and a fifty-two week high of $33.12. The company has a market cap of $25.33 billion, a P/E ratio of 23.04, a P/E/G ratio of 1.37 and a beta of 0.94. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.72 and a current ratio of 1.87.

Li Auto (NASDAQ:LI) last posted its quarterly earnings data on Thursday, May 29th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.01). Li Auto had a return on equity of 11.83% and a net margin of 5.60%. The firm had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $3.45 billion. During the same period in the previous year, the firm earned $1.21 earnings per share. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. Sell-side analysts predict that Li Auto will post 0.96 earnings per share for the current year.

About Li Auto

Li Auto Inc operates in the energy vehicle market in the People's Republic of China. It designs, develops, manufactures, and sells premium smart electric vehicles. The company's product line comprises MPVs and sport utility vehicles. It offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment.