Ping Capital Management Inc. Increases Stock Holdings in Li Auto Inc. Sponsored ADR (NASDAQ:LI)

Ping Capital Management Inc. lifted its position in Li Auto Inc. Sponsored ADR (NASDAQ:LI - Free Report) by 86.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,400 shares of the company's stock after acquiring an additional 23,900 shares during the quarter. Li Auto accounts for 0.5% of Ping Capital Management Inc.'s portfolio, making the stock its 23rd largest position. Ping Capital Management Inc.'s holdings in Li Auto were worth $1,295,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CX Institutional bought a new stake in Li Auto during the 1st quarter valued at about $72,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Li Auto in the 1st quarter valued at about $126,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Li Auto in the 4th quarter valued at about $129,000. Verity Asset Management Inc. bought a new stake in shares of Li Auto in the 1st quarter valued at about $235,000. Finally, First Trust Advisors LP raised its holdings in shares of Li Auto by 15.2% in the 4th quarter. First Trust Advisors LP now owns 10,014 shares of the company's stock valued at $240,000 after purchasing an additional 1,324 shares in the last quarter. Institutional investors own 9.88% of the company's stock.

Wall Street Analyst Weigh In

Separately, Cfra Research upgraded shares of Li Auto from a "strong sell" rating to a "hold" rating in a report on Tuesday, June 10th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $32.85.

Li Auto Stock Performance

Shares of LI traded down $0.99 during trading hours on Monday, hitting $30.81. The stock had a trading volume of 2,395,107 shares, compared to its average volume of 6,213,199. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.72 and a current ratio of 1.87. The firm has a 50-day moving average price of $28.22 and a 200 day moving average price of $26.15. Li Auto Inc. Sponsored ADR has a fifty-two week low of $17.44 and a fifty-two week high of $33.12. The firm has a market capitalization of $32.27 billion, a price-to-earnings ratio of 29.36, a PEG ratio of 1.29 and a beta of 0.95.

Li Auto (NASDAQ:LI - Get Free Report) last posted its quarterly earnings data on Thursday, May 29th. The company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.09 by ($0.01). The company had revenue of $3.53 billion for the quarter, compared to analyst estimates of $3.45 billion. Li Auto had a return on equity of 11.83% and a net margin of 5.60%. The business's revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.21 earnings per share. As a group, research analysts anticipate that Li Auto Inc. Sponsored ADR will post 0.96 EPS for the current year.

Li Auto 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.