38,649 Shares in Li Auto Inc. Sponsored ADR (NASDAQ:LI) Acquired by XTX Topco Ltd

Key Points

• XTX Topco Ltd has invested approximately $974,000 in Li Auto Inc. by purchasing 38,649 shares in the first quarter.
• Li Auto reported a net margin of 5.60% and $3.53 billion in revenue for the last quarter, indicating a 1.1% year-over-year increase.
• Analysts' ratings for Li Auto are mixed, with an average rating of "Hold" and a target price of $32.85.

XTX Topco Ltd purchased a new position in Li Auto Inc. Sponsored ADR (NASDAQ:LI - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 38,649 shares of the company's stock, valued at approximately $974,000.

Other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of Li Auto during the fourth quarter valued at approximately $544,000. Arrowstreet Capital Limited Partnership raised its stake in Li Auto by 110.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 260,552 shares of the company's stock worth $6,251,000 after buying an additional 136,904 shares in the last quarter. O Shaughnessy Asset Management LLC raised its stake in Li Auto by 91.8% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 27,558 shares of the company's stock worth $661,000 after buying an additional 13,187 shares in the last quarter. Geode Capital Management LLC raised its stake in Li Auto by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 177,767 shares of the company's stock worth $4,265,000 after buying an additional 1,560 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in Li Auto by 1.3% in the fourth quarter. Renaissance Technologies LLC now owns 7,800,639 shares of the company's stock worth $187,137,000 after buying an additional 99,539 shares in the last quarter. Institutional investors own 9.88% of the company's stock.

Li Auto Stock Performance

Shares of LI traded up $0.45 during trading hours on Thursday, reaching $24.65. 3,590,887 shares of the company traded hands, compared to its average volume of 5,468,317. The stock has a market capitalization of $25.81 billion, a P/E ratio of 23.47, a P/E/G ratio of 1.07 and a beta of 0.94. The business has a fifty day moving average price of $28.02 and a 200-day moving average price of $26.54. Li Auto Inc. Sponsored ADR has a 12-month low of $17.44 and a 12-month high of $33.12. The company has a quick ratio of 1.72, a current ratio of 1.87 and a debt-to-equity ratio of 0.12.

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 for the quarter, missing the consensus estimate of $0.09 by ($0.01). Li Auto had a return on equity of 11.83% and a net margin of 5.60%. The company had revenue of $3.53 billion for the quarter, compared to analyst estimates of $3.45 billion. During the same quarter last year, the company earned $1.21 EPS. The firm's revenue for the quarter was up 1.1% on a year-over-year basis. Equities analysts anticipate that Li Auto Inc. Sponsored ADR will post 0.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Li Auto Company 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.