Hsbc Holdings PLC boosted its stake in Li Auto Inc. Sponsored ADR (NASDAQ:LI - Free Report) by 339.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 287,291 shares of the company's stock after acquiring an additional 221,939 shares during the quarter. Hsbc Holdings PLC's holdings in Li Auto were worth $7,223,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in LI. Mirae Asset Global Investments Co. Ltd. lifted its position in Li Auto by 459.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,923,620 shares of the company's stock valued at $426,475,000 after acquiring an additional 13,897,555 shares in the last quarter. LMR Partners LLP acquired a new stake in Li Auto in the 4th quarter valued at $16,266,000. Myriad Asset Management US LP acquired a new stake in Li Auto in the 1st quarter valued at $9,913,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Li Auto in the 4th quarter valued at $8,923,000. Finally, Tairen Capital Ltd acquired a new stake in Li Auto in the 4th quarter valued at $8,435,000. 9.88% of the stock is owned by institutional investors.
Analyst Ratings Changes
LI has been the topic of several recent research reports. Zacks Research lowered shares of Li Auto from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 19th. Macquarie lowered shares of Li Auto from a "neutral" rating to an "underperform" rating and lowered their price objective for the stock from $28.00 to $21.00 in a research note on Friday, August 22nd. JPMorgan Chase & Co. restated a "neutral" rating and set a $28.00 price objective (down from $33.00) on shares of Li Auto in a research note on Thursday, August 14th. Barclays lowered their price objective on shares of Li Auto from $31.00 to $24.00 and set an "equal weight" rating on the stock in a research note on Thursday. Finally, Dbs Bank lowered shares of Li Auto from a "moderate buy" rating to a "hold" rating in a research note on Friday. One research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, Li Auto presently has an average rating of "Reduce" and a consensus target price of $26.26.
Read Our Latest Research Report on LI
Li Auto Stock Performance
Shares of NASDAQ LI traded up $0.09 during midday trading on Friday, hitting $23.35. The company's stock had a trading volume of 5,321,043 shares, compared to its average volume of 5,879,608. The stock has a fifty day moving average price of $26.53 and a 200 day moving average price of $26.55. Li Auto Inc. Sponsored ADR has a one year low of $18.11 and a one year high of $33.12. The company has a current ratio of 1.87, a quick ratio of 1.72 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $24.45 billion, a price-to-earnings ratio of 22.24, a P/E/G ratio of 1.34 and a beta of 0.94.
Li Auto (NASDAQ:LI - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The company reported $0.08 EPS for the quarter, missing the consensus estimate 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 net margin of 5.64% and a return on equity of 11.52%. Li Auto's revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.21 EPS. On average, research analysts forecast that Li Auto Inc. Sponsored ADR will post 0.96 EPS for the current fiscal year.
About Li Auto
(
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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