Kestra Private Wealth Services LLC purchased a new stake in Li Auto Inc. Sponsored ADR (NASDAQ:LI - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 8,949 shares of the company's stock, valued at approximately $226,000.
Other institutional investors have also added to or reduced their stakes in the company. CX Institutional purchased a new position in shares of Li Auto during the 1st quarter valued at about $72,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Li Auto during the 1st quarter worth approximately $126,000. Verity Asset Management Inc. acquired a new position in shares of Li Auto during the 1st quarter worth about $235,000. First Trust Advisors LP lifted 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 valued at $240,000 after purchasing an additional 1,324 shares in the last quarter. Finally, Centiva Capital LP purchased a new stake in Li Auto during the 4th quarter valued at about $269,000. Institutional investors and hedge funds own 9.88% of the company's stock.
Li Auto Trading Down 1.3%
Shares of Li Auto stock opened at $29.19 on Tuesday. The company has a 50-day moving average of $28.40 and a two-hundred day moving average of $26.42. The stock has a market cap of $30.57 billion, a PE ratio of 27.80, a price-to-earnings-growth ratio of 1.20 and a beta of 0.95. The company has a current ratio of 1.87, a quick ratio of 1.72 and a debt-to-equity ratio of 0.12. Li Auto Inc. Sponsored ADR has a 12-month low of $17.44 and a 12-month high of $33.12.
Li Auto (NASDAQ:LI - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.09 by ($0.01). The business 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 company's revenue for the quarter was up 1.1% on a year-over-year basis. During the same period last year, the business earned $1.21 earnings per share. On average, research analysts anticipate that Li Auto Inc. Sponsored ADR will post 0.96 EPS for the current fiscal year.
Analysts Set New Price Targets
Separately, Cfra Research upgraded Li Auto from a "strong sell" rating to a "hold" rating in a report 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's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $32.85.
Get Our Latest Stock Analysis on Li Auto
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.
See Also
Want to see what other hedge funds are holding LI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Li Auto Inc. Sponsored ADR (NASDAQ:LI - Free Report).
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