Union Bancaire Privee UBP SA Sells 813,344 Shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI)

Union Bancaire Privee UBP SA reduced its holdings in Li Auto Inc. Sponsored ADR (NASDAQ:LI - Free Report) by 98.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,656 shares of the company's stock after selling 813,344 shares during the period. Union Bancaire Privee UBP SA's holdings in Li Auto were worth $280,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. RWC Asset Advisors US LLC increased its stake in shares of Li Auto by 20.0% in the fourth quarter. RWC Asset Advisors US LLC now owns 3,181,050 shares of the company's stock worth $76,313,000 after acquiring an additional 530,390 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Li Auto in the fourth quarter valued at about $544,000. Pinpoint Asset Management Ltd increased its position in Li Auto by 594.4% in the 4th quarter. Pinpoint Asset Management Ltd now owns 131,592 shares of the company's stock worth $3,357,000 after purchasing an additional 112,642 shares during the last quarter. NINE MASTS CAPITAL Ltd purchased a new stake in shares of Li Auto during the 4th quarter worth about $6,637,000. Finally, ABC Arbitrage SA acquired a new stake in shares of Li Auto during the 4th quarter valued at about $331,000. 9.88% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on LI shares. Cfra Research upgraded Li Auto from a "strong sell" rating to a "hold" rating in a report on Tuesday, June 10th. JPMorgan Chase & Co. raised shares of Li Auto from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $22.00 to $40.00 in a research report on Friday, February 28th. Macquarie lowered shares of Li Auto from an "outperform" rating to a "neutral" rating and set a $27.00 price target on the stock. in a research note on Monday, March 17th. Nomura Securities raised shares of Li Auto to a "hold" rating in a research note on Monday, March 17th. Finally, HSBC set a $38.50 target price on Li Auto and gave the company a "buy" rating in a report on Thursday, March 6th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Li Auto currently has a consensus rating of "Hold" and an average price target of $32.85.

Li Auto Stock Performance

Shares of NASDAQ LI traded down $1.26 during trading hours on Tuesday, hitting $26.94. 4,279,558 shares of the stock were exchanged, compared to its average volume of 6,380,574. Li Auto Inc. Sponsored ADR has a one year low of $17.44 and a one year high of $33.12. The company's 50 day moving average is $26.56 and its 200 day moving average is $25.44. 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 capitalization of $28.21 billion, a P/E ratio of 25.66, a P/E/G ratio of 1.18 and a beta of 0.98.

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