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

Infini Capital Management Ltd purchased a new stake in shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 74,000 shares of the company's stock, valued at approximately $1,865,000. Li Auto comprises about 1.9% of Infini Capital Management Ltd's investment portfolio, making the stock its 9th biggest position.

Several other hedge funds have also added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. increased its position in Li Auto by 459.3% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,923,620 shares of the company's stock worth $426,475,000 after buying an additional 13,897,555 shares during the period. LMR Partners LLP bought a new position in Li Auto during the 4th quarter worth $16,266,000. OLD Mission Capital LLC bought a new position in Li Auto during the 4th quarter worth $14,704,000. Myriad Asset Management US LP bought a new position in Li Auto during the 1st quarter worth $9,913,000. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Li Auto during the 4th quarter worth $8,923,000. Institutional investors and hedge funds own 9.88% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on LI. Cfra Research upgraded Li Auto from a "strong sell" rating to a "hold" rating in a research report on Tuesday, June 10th. Macquarie cut Li Auto from an "outperform" rating to a "neutral" rating and set a $27.00 target price on the stock. in a research report on Monday, March 17th. Finally, Nomura Securities upgraded Li Auto to a "hold" rating in a research report 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, the company presently has an average rating of "Hold" and a consensus target price of $32.85.

Li Auto Stock Up 0.7%

Li Auto stock traded up $0.20 during trading on Wednesday, hitting $27.18. 3,637,650 shares of the company were exchanged, compared to its average volume of 6,293,537. The business's 50 day moving average is $27.73 and its 200 day moving average is $25.89. Li Auto Inc. Sponsored ADR has a 52 week low of $17.44 and a 52 week high of $33.12. The company has a market capitalization of $28.46 billion, a P/E ratio of 25.89, a PEG ratio of 1.09 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 (NASDAQ:LI - Get Free Report) last announced 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 company had revenue of $3.53 billion for the quarter, compared to the consensus estimate of $3.45 billion. During the same quarter last year, the company posted $1.21 EPS. The company's quarterly revenue was up 1.1% compared to the same quarter last year. Analysts predict that Li Auto Inc. Sponsored ADR will post 0.96 earnings per share for the current year.

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.