Corient IA LLC acquired a new stake in shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 16,000 shares of the company's stock, valued at approximately $403,000.
Several other institutional investors have also added to or reduced their stakes in LI. CX Institutional acquired a new stake in Li Auto in the first quarter worth about $72,000. Halbert Hargrove Global Advisors LLC acquired a new stake in Li Auto in the first quarter worth about $126,000. 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. Kestra Private Wealth Services LLC acquired a new stake in Li Auto in the first quarter worth about $226,000. Finally, Verity Asset Management Inc. acquired a new stake in Li Auto in the first quarter worth about $235,000. Institutional investors and hedge funds own 9.88% of the company's stock.
Li Auto Stock Up 2.6%
NASDAQ LI traded up $0.60 during trading hours on Friday, hitting $24.06. 5,042,875 shares of the company were exchanged, compared to its average volume of 5,531,729. The company has a 50 day moving average of $26.85 and a two-hundred day moving average of $26.61. The company has a quick ratio of 1.72, a current ratio of 1.87 and a debt-to-equity ratio of 0.12. Li Auto Inc. Sponsored ADR has a 52-week low of $17.44 and a 52-week high of $33.12. The firm has a market cap of $25.19 billion, a price-to-earnings ratio of 22.91, a PEG ratio of 1.35 and a beta of 0.94.
Li Auto (NASDAQ:LI - Get Free Report) last issued its quarterly earnings results 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). Li Auto had a return on equity of 11.83% and a net margin of 5.60%.The company had revenue of $3.53 billion for the quarter, compared to analysts' expectations of $3.45 billion. During the same quarter last year, the company earned $1.21 EPS. Li Auto's revenue for the quarter was up 1.1% compared to the same quarter last year. Li Auto has set its Q2 2025 guidance at EPS. Equities research analysts anticipate that Li Auto Inc. Sponsored ADR will post 0.96 earnings per share for the current year.
Analysts Set New Price Targets
LI has been the subject of several recent analyst reports. BNP Paribas Exane initiated coverage on Li Auto in a report on Monday, August 18th. They issued an "underperform" rating and a $18.00 price target for the company. Zacks Research downgraded Li Auto from a "hold" rating to a "strong sell" rating in a report on Tuesday. Macquarie cut Li Auto from a "neutral" rating to an "underperform" rating and reduced their price objective for the stock from $28.00 to $21.00 in a research note on Friday. BNP Paribas assumed coverage on Li Auto in a research note on Monday, August 18th. They issued a "strong sell" rating for the company. Finally, Cfra Research upgraded Li Auto from a "strong sell" rating to a "hold" rating in a research note on Tuesday, June 10th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus price target of $27.89.
View Our Latest Analysis on Li Auto
Li Auto Company 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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