57,939 Shares in Li Auto Inc. Sponsored ADR (NASDAQ:LI) Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new position in shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 57,939 shares of the company's stock, valued at approximately $1,460,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Laird Norton Wetherby Wealth Management LLC grew its stake in Li Auto by 2.2% in the fourth 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. First Trust Advisors LP boosted its holdings in shares of Li Auto by 15.2% in the 4th quarter. First Trust Advisors LP now owns 10,014 shares of the company's stock valued at $240,000 after buying an additional 1,324 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Li Auto by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 177,767 shares of the company's stock valued at $4,265,000 after buying an additional 1,560 shares in the last quarter. Vident Advisory LLC raised its stake in shares of Li Auto by 11.2% during the 4th quarter. Vident Advisory LLC now owns 19,914 shares of the company's stock worth $478,000 after acquiring an additional 1,998 shares in the last quarter. Finally, Quantinno Capital Management LP raised its stake in shares of Li Auto by 17.6% during the 4th quarter. Quantinno Capital Management LP now owns 15,727 shares of the company's stock worth $377,000 after acquiring an additional 2,356 shares in the last quarter. Hedge funds and other institutional investors own 9.88% of the company's stock.

Li Auto Price Performance

NASDAQ LI traded down $0.01 during trading hours on Friday, reaching $29.58. The company's stock had a trading volume of 1,912,782 shares, compared to its average volume of 4,657,209. 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 company's 50-day moving average is $28.39 and its two-hundred day moving average is $26.35. Li Auto Inc. Sponsored ADR has a fifty-two week low of $17.44 and a fifty-two week high of $33.12. The stock has a market cap of $30.97 billion, a PE ratio of 28.17, a PEG ratio of 1.20 and a beta of 0.95.

Li Auto (NASDAQ:LI - Get Free Report) last issued its quarterly earnings results on Thursday, May 29th. The company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.09 by ($0.01). The firm had revenue of $3.53 billion for the quarter, compared to analysts' expectations of $3.45 billion. Li Auto had a return on equity of 11.83% and a net margin of 5.60%. The business's quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.21 earnings per share. Analysts forecast that Li Auto Inc. Sponsored ADR will post 0.96 EPS for the current year.

Analysts Set New Price Targets

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 research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $32.85.

Li Auto Company Profile

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.