Li Auto Inc. Sponsored ADR $LI Shares Sold by OLD Mission Capital LLC

Key Points

• OLD Mission Capital LLC has significantly reduced its stake in Li Auto, cutting holdings by 87.1% to 79,026 shares after selling 533,895 shares.
• Wall Street analysts are expressing cautious views on Li Auto, with multiple downgrades resulting in a consensus target price of $26.26, down from previous estimates.
• Li Auto's recent quarterly earnings revealed a missed EPS estimate of $0.08, while revenue reached $3.53 billion, exceeding analyst expectations of $3.45 billion.

OLD Mission Capital LLC cut its stake in Li Auto Inc. Sponsored ADR (NASDAQ:LI - Free Report) by 87.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 79,026 shares of the company's stock after selling 533,895 shares during the period. OLD Mission Capital LLC's holdings in Li Auto were worth $1,991,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. SVB Wealth LLC acquired a new stake in Li Auto in the 1st quarter worth approximately $33,000. Summit Securities Group LLC acquired a new stake in Li Auto during the 1st quarter valued at approximately $50,000. CX Institutional acquired a new stake in Li Auto during the 1st quarter valued at approximately $72,000. Brooklyn Investment Group lifted its stake in Li Auto by 1,077.3% during the 1st quarter. Brooklyn Investment Group now owns 4,980 shares of the company's stock valued at $125,000 after acquiring an additional 4,557 shares during the period. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in Li Auto during the 1st quarter valued at approximately $126,000. 9.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Dbs Bank cut shares of Li Auto from a "moderate buy" rating to a "hold" rating in a research note on Friday. 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. Macquarie cut shares of Li Auto from a "neutral" rating to an "underperform" rating and decreased their price objective for the company from $28.00 to $21.00 in a research note on Friday, August 22nd. BNP Paribas assumed coverage on shares of Li Auto in a research note on Monday, August 18th. They set a "strong sell" rating for the company. Finally, Sanford C. Bernstein decreased their price objective on shares of Li Auto from $26.00 to $25.00 and set a "market perform" rating for the company in a research note on Friday. One equities 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.com, the stock presently has a consensus rating of "Reduce" and a consensus target price of $26.26.

Li Auto Stock Performance

LI opened at $23.35 on Friday. 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 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 1 year low of $18.11 and a 1 year high of $33.12. The stock has a market cap of $24.45 billion, a P/E 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 results on Thursday, May 29th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.01). The company had revenue of $3.53 billion during the quarter, compared to analysts' expectations of $3.45 billion. Li Auto had a return on equity of 11.52% and a net margin of 5.64%.Li Auto's revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.21 EPS. Equities research analysts anticipate 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.