Infini Capital Management Ltd Purchases Shares of 74,000 Li Auto Inc. Sponsored ADR (NASDAQ:LI)

Infini Capital Management Ltd bought a new stake in Li Auto Inc. Sponsored ADR (NASDAQ:LI - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 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 holdings, making the stock its 9th biggest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CX Institutional acquired a new position in Li Auto in the 1st quarter valued at $72,000. Daiwa Securities Group Inc. lifted its position in shares of Li Auto by 16.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the company's stock valued at $84,000 after acquiring an additional 500 shares during the period. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Li Auto during the 1st quarter valued at $126,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Li Auto during the 4th quarter valued at $129,000. Finally, Verity Asset Management Inc. bought a new stake in shares of Li Auto during the 1st quarter valued at $235,000. Institutional investors and hedge funds own 9.88% of the company's stock.

Li Auto Stock Performance

Shares of NASDAQ:LI traded up $0.02 during trading on Thursday, hitting $27.20. The company's stock had a trading volume of 3,603,026 shares, compared to its average volume of 6,282,981. The company has a 50-day moving average of $27.73 and a 200-day moving average of $25.89. Li Auto Inc. Sponsored ADR has a 12 month low of $17.44 and a 12 month high of $33.12. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.87 and a quick ratio of 1.72. The firm has a market cap of $28.48 billion, a price-to-earnings ratio of 25.91, a P/E/G ratio of 1.09 and a beta of 0.95.

Li Auto (NASDAQ:LI - Get Free Report) last released its earnings results on Thursday, May 29th. The company reported $0.08 EPS for the quarter, missing analysts' consensus estimates 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 quarter in the previous year, the business posted $1.21 EPS. Li Auto's revenue was up 1.1% on a year-over-year basis. On average, sell-side analysts expect that Li Auto Inc. Sponsored ADR will post 0.96 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Cfra Research upgraded Li Auto from a "strong sell" rating to a "hold" rating in a research report on Tuesday, June 10th. Nomura Securities upgraded Li Auto to a "hold" rating in a research report on Monday, March 17th. Finally, Macquarie downgraded Li Auto from an "outperform" rating to a "neutral" rating and set a $27.00 target price for the company. 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. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $32.85.

Li Auto Company 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.