Y Intercept Hong Kong Ltd purchased a new stake in shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 57,939 shares of the company's stock, valued at approximately $1,460,000.
Other institutional investors have also added to or reduced their stakes in the company. CX Institutional bought a new position in Li Auto in the 1st quarter worth $72,000. Halbert Hargrove Global Advisors LLC bought a new position in Li Auto in the 1st quarter worth $126,000. Kestra Private Wealth Services LLC bought a new position in Li Auto in the 1st quarter worth $226,000. Verity Asset Management Inc. bought a new position in Li Auto in the 1st quarter worth $235,000. Finally, First Trust Advisors LP raised its holdings in Li Auto by 15.2% in the 4th quarter. First Trust Advisors LP now owns 10,014 shares of the company's stock worth $240,000 after purchasing an additional 1,324 shares in the last quarter. Hedge funds and other institutional investors own 9.88% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Cfra Research upgraded shares of Li Auto from a "strong sell" rating to a "hold" rating in a research note on Tuesday, June 10th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $32.85.
Get Our Latest Report on Li Auto
Li Auto Trading Down 0.0%
NASDAQ LI traded down $0.01 on Friday, hitting $29.58. 1,912,782 shares of the stock were exchanged, compared to its average volume of 5,365,850. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.72 and a current ratio of 1.87. The stock has a fifty day moving average price of $28.37 and a two-hundred day moving average price of $26.29. The firm has a market capitalization of $30.97 billion, a P/E ratio of 28.17, a P/E/G ratio of 1.24 and a beta of 0.95. Li Auto Inc. Sponsored ADR has a 52-week low of $17.44 and a 52-week high of $33.12.
Li Auto (NASDAQ:LI - Get Free Report) last released its quarterly earnings data on Thursday, May 29th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.01). The firm had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.45 billion. Li Auto had a net margin of 5.60% and a return on equity of 11.83%. The business's revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.21 earnings per share. Research analysts forecast that Li Auto Inc. Sponsored ADR will post 0.96 EPS for the current fiscal year.
Li Auto Profile
(
Free Report)
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.
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