Infini Capital Management Ltd Takes $1.87 Million Position in Li Auto Inc. Sponsored ADR (NASDAQ:LI)

Infini Capital Management Ltd purchased a new position in shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 74,000 shares of the company's stock, valued at approximately $1,865,000. Li Auto makes up approximately 1.9% of Infini Capital Management Ltd's holdings, making the stock its 9th biggest holding.

Other institutional investors also recently modified their holdings of the company. CX Institutional purchased a new stake in shares of Li Auto during the 1st quarter valued at $72,000. Daiwa Securities Group Inc. increased its holdings in Li Auto by 16.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the company's stock worth $84,000 after acquiring an additional 500 shares during the last quarter. Halbert Hargrove Global Advisors LLC purchased a new stake in Li Auto in the 1st quarter worth about $126,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Li Auto in the fourth quarter valued at approximately $129,000. Finally, Verity Asset Management Inc. purchased a new stake in shares of Li Auto during the 1st quarter valued at approximately $235,000. 9.88% of the stock is owned by institutional investors.

Li Auto Price Performance

Shares of NASDAQ LI traded up $0.24 during mid-day trading on Tuesday, reaching $26.98. 3,466,792 shares of the company were exchanged, compared to its average volume of 6,303,310. Li Auto Inc. Sponsored ADR has a 52 week low of $17.44 and a 52 week high of $33.12. The company's 50 day moving average price is $27.62 and its 200 day moving average price is $25.88. The stock has a market capitalization of $28.25 billion, a PE ratio of 25.47, a PEG ratio of 1.08 and a beta of 0.95. 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 (NASDAQ:LI - Get Free Report) last issued its quarterly earnings results on Thursday, May 29th. The company reported $0.08 earnings per share (EPS) 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 firm had revenue of $3.53 billion for the quarter, compared to the consensus estimate of $3.45 billion. During the same period last year, the firm earned $1.21 EPS. The company's revenue for the quarter was up 1.1% on a year-over-year basis. Sell-side analysts forecast that Li Auto Inc. Sponsored ADR will post 0.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LI. Macquarie cut shares of Li Auto from an "outperform" rating to a "neutral" rating and set a $27.00 target price on the stock. in a report on Monday, March 17th. Nomura Securities upgraded Li Auto to a "hold" rating in a research note on Monday, March 17th. Finally, Cfra Research raised Li Auto from a "strong sell" rating to a "hold" rating in a report on Tuesday, June 10th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $32.85.

About Li Auto

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.