Li Auto Inc. Sponsored ADR $LI Shares Sold by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors cut its Li Auto stake by 38.6% in the first quarter, selling 103,624 shares and retaining 165,046 shares valued at approximately $2.94 million.
• Analyst sentiment remains cautious: Li Auto has an average “Hold” rating and a consensus price target of $17.30, while several firms recently lowered or maintained their targets.
• Li Auto shares opened at $12.47, near the lower end of their 12-month range, and the company reported a quarterly loss of $0.15 per share on $3.33 billion in revenue.

Dimensional Fund Advisors LP trimmed its holdings in shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI - Free Report) by 38.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 165,046 shares of the company's stock after selling 103,624 shares during the period. Dimensional Fund Advisors LP's holdings in Li Auto were worth $2,943,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. Farther Finance Advisors LLC lifted its stake in Li Auto by 312.3% during the fourth quarter. Farther Finance Advisors LLC now owns 1,674 shares of the company's stock worth $28,000 after purchasing an additional 1,268 shares during the last quarter. DV Equities LLC purchased a new stake in shares of Li Auto during the 4th quarter worth approximately $72,000. Parallel Advisors LLC boosted its holdings in shares of Li Auto by 530.5% in the 1st quarter. Parallel Advisors LLC now owns 8,915 shares of the company's stock valued at $159,000 after buying an additional 7,501 shares in the last quarter. Alpine Global Management LLC purchased a new position in shares of Li Auto in the 4th quarter valued at $175,000. Finally, Empowered Funds LLC purchased a new stake in Li Auto in the fourth quarter valued at $197,000. 9.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LI. HSBC decreased their price objective on Li Auto from $17.20 to $15.60 and set a "hold" rating for the company in a research report on Wednesday, June 10th. Zacks Research upgraded shares of Li Auto from a "strong sell" rating to a "hold" rating in a research report on Wednesday, July 15th. Bank of America restated a "neutral" rating and set a $18.00 price objective on shares of Li Auto in a research report on Thursday, May 28th. BNP Paribas Exane raised shares of Li Auto from an "underperform" rating to a "neutral" rating in a report on Wednesday, April 22nd. Finally, Barclays cut their price target on shares of Li Auto from $18.00 to $14.00 and set an "equal weight" rating for the company in a report on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $17.30.

Li Auto Price Performance

LI stock opened at $12.47 on Thursday. The firm has a 50 day moving average of $12.85 and a 200-day moving average of $15.98. The company has a market cap of $13.36 billion, a price-to-earnings ratio of -44.53 and a beta of 0.55. The company has a current ratio of 1.88, a quick ratio of 1.75 and a debt-to-equity ratio of 0.06. Li Auto Inc. Sponsored ADR has a 12-month low of $11.65 and a 12-month high of $27.10.

Li Auto (NASDAQ:LI - Get Free Report) last released its quarterly earnings results on Friday, May 15th. The company reported ($0.15) earnings per share for the quarter. The firm had revenue of $3.33 billion during the quarter. Li Auto had a negative return on equity of 2.58% and a negative net margin of 1.72%. As a group, equities analysts expect that Li Auto Inc. Sponsored ADR will post -0.12 EPS for the current fiscal year.

Li Auto Company Profile

Li Auto Inc is a Chinese automotive company that develops, manufactures and sells smart electric vehicles, with an early focus on range-extended electric SUVs designed for family use. The company is headquartered in China and serves the domestic market through a combination of online channels and a network of retail/showroom locations. Li Auto was founded to address range-anxiety in electric vehicle buyers by integrating a small internal-combustion engine as a range extender alongside a large battery, enabling longer driving range while retaining electric driving characteristics.

The company's product lineup centers on multi‑occupant SUVs that combine electric propulsion, advanced in‑vehicle connectivity and driver‑assistance features.

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