9,340 Shares in Li Auto Inc. Sponsored ADR (NASDAQ:LI) Purchased by Verity Asset Management Inc.

Verity Asset Management Inc. 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 disclosure with the Securities and Exchange Commission (SEC). The firm bought 9,340 shares of the company's stock, valued at approximately $235,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. CX Institutional acquired a new position in shares of Li Auto in the first quarter worth about $72,000. Daiwa Securities Group Inc. grew its holdings in Li Auto by 16.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the company's stock valued at $84,000 after purchasing an additional 500 shares during the period. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Li Auto in the first quarter valued at approximately $126,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Li Auto in the fourth quarter valued at about $129,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Li Auto during the fourth quarter worth about $191,000. 9.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Cfra Research upgraded Li Auto from a "strong sell" rating to a "hold" rating in a report on Tuesday, June 10th. Macquarie cut Li Auto from an "outperform" rating to a "neutral" rating and set a $27.00 price target for the company. in a research report on Monday, March 17th. HSBC set a $38.50 price objective on Li Auto and gave the company a "buy" rating in a research note on Thursday, March 6th. Finally, Nomura Securities raised shares of Li Auto to a "hold" rating in a research note on Monday, March 17th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $32.85.

Li Auto Trading Down 3.9%

Shares of LI traded down $1.06 during midday trading on Wednesday, reaching $25.77. The company had a trading volume of 3,503,502 shares, compared to its average volume of 6,336,706. Li Auto Inc. Sponsored ADR has a 1-year low of $17.44 and a 1-year high of $33.12. The company has a quick ratio of 1.72, a current ratio of 1.87 and a debt-to-equity ratio of 0.12. The firm has a 50 day simple moving average of $27.43 and a 200-day simple moving average of $25.76. The stock has a market cap of $26.99 billion, a PE ratio of 24.56, a price-to-earnings-growth ratio of 1.10 and a beta of 0.95.

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

Li Auto 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.