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SG Americas Securities LLC Raises Position in Li Auto Inc. Sponsored ADR $LI

Li Auto logo with Auto/Tires/Trucks background
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Key Points

  • SG Americas Securities LLC boosted its stake in Li Auto by 324.2% in Q4, purchasing 261,389 shares to hold 342,025 shares valued at $5.79 million.
  • Analysts are mixed: MarketBeat shows a consensus rating of Reduce with a $18.55 target, while broker actions range from Piper Sandler's upgrade to outperform to several downgrades and target cuts from others.
  • Recent company metrics: Li Auto reported Q results with EPS of ($0.06) and revenue of $545.6M; the stock trades near $17.83 with a market cap of $18.87B and a 52‑week range of $15.71–$32.03.
  • MarketBeat previews top five stocks to own in May.

SG Americas Securities LLC lifted its holdings in shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI - Free Report) by 324.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 342,025 shares of the company's stock after purchasing an additional 261,389 shares during the quarter. SG Americas Securities LLC's holdings in Li Auto were worth $5,790,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Elevation Point Wealth Partners LLC purchased a new position in Li Auto during the second quarter worth about $27,000. Tuttle Capital Management LLC acquired a new position in shares of Li Auto during the 4th quarter valued at about $170,000. Limestone Investment Advisors LP purchased a new position in shares of Li Auto during the 3rd quarter worth about $222,000. Chesapeake Capital Corp IL acquired a new stake in shares of Li Auto in the third quarter worth approximately $227,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of Li Auto in the third quarter worth approximately $227,000. 9.88% of the stock is currently owned by institutional investors and hedge funds.

Li Auto Trading Up 1.6%

NASDAQ LI opened at $17.83 on Wednesday. The firm has a market capitalization of $18.87 billion, a price-to-earnings ratio of 137.16 and a beta of 0.60. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.68 and a current ratio of 1.81. Li Auto Inc. Sponsored ADR has a one year low of $15.71 and a one year high of $32.03. The company's 50 day moving average price is $17.68 and its 200 day moving average price is $19.21.

Li Auto (NASDAQ:LI - Get Free Report) last released its quarterly earnings data on Sunday, March 22nd. The company reported ($0.06) earnings per share (EPS) for the quarter. Li Auto had a return on equity of 1.52% and a net margin of 0.99%.The business had revenue of $545.61 million for the quarter. On average, sell-side analysts predict that Li Auto Inc. Sponsored ADR will post 0.96 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on LI shares. Piper Sandler raised shares of Li Auto from a "neutral" rating to an "outperform" rating in a research report on Friday, March 13th. The Goldman Sachs Group lowered shares of Li Auto from a "buy" rating to a "neutral" rating and set a $19.00 price target on the stock. in a report on Tuesday, March 17th. Jefferies Financial Group reissued a "hold" rating and set a $17.50 price objective (down from $28.80) on shares of Li Auto in a research note on Friday, January 23rd. HSBC downgraded Li Auto from a "strong-buy" rating to a "hold" rating in a report on Thursday, December 4th. Finally, JPMorgan Chase & Co. lifted their target price on Li Auto from $14.00 to $15.50 and gave the company an "underweight" rating in a report on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Li Auto has a consensus rating of "Reduce" and a consensus target price of $18.55.

Get Our Latest Stock Analysis on Li Auto

Li Auto Company Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding LI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Li Auto Inc. Sponsored ADR (NASDAQ:LI - Free Report).

Institutional Ownership by Quarter for Li Auto (NASDAQ:LI)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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