Li Auto Inc. Sponsored ADR (NASDAQ:LI - Get Free Report) was the target of unusually large options trading activity on Monday. Traders purchased 26,511 call options on the stock. This represents an increase of 99% compared to the typical daily volume of 13,339 call options.
Hedge Funds Weigh In On Li Auto
Several institutional investors and hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. grew its holdings in shares of Li Auto by 9.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,134 shares of the company's stock valued at $155,000 after purchasing an additional 538 shares during the last quarter. US Bancorp DE grew its holdings in Li Auto by 9.0% in the 1st quarter. US Bancorp DE now owns 10,255 shares of the company's stock worth $258,000 after acquiring an additional 844 shares during the last quarter. Tidal Investments LLC grew its holdings in Li Auto by 1.0% in the 2nd quarter. Tidal Investments LLC now owns 88,772 shares of the company's stock worth $2,407,000 after acquiring an additional 856 shares during the last quarter. Corient Private Wealth LLC grew its holdings in Li Auto by 8.6% in the 2nd quarter. Corient Private Wealth LLC now owns 11,955 shares of the company's stock worth $324,000 after acquiring an additional 951 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new stake in Li Auto in the 2nd quarter worth $27,000. Institutional investors own 9.88% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on LI shares. Macquarie cut shares of Li Auto from a "neutral" rating to an "underperform" rating and lowered their price objective for the company from $28.00 to $21.00 in a research report on Friday, August 22nd. Cfra Research upgraded shares of Li Auto from a "strong sell" rating to a "hold" rating in a research report on Tuesday, June 10th. BNP Paribas started coverage on shares of Li Auto in a research report on Monday, August 18th. They set a "strong sell" rating on the stock. Barclays lowered their price objective on shares of Li Auto from $31.00 to $24.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 28th. Finally, BNP Paribas Exane started coverage on shares of Li Auto in a research report on Monday, August 18th. They set an "underperform" rating and a $18.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus target price of $26.26.
Check Out Our Latest Report on LI
Li Auto Trading Down 1.2%
Shares of LI stock traded down $0.32 on Friday, hitting $25.75. 3,671,124 shares of the company's stock traded hands, compared to its average volume of 5,500,258. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.57 and a current ratio of 1.73. Li Auto has a one year low of $19.10 and a one year high of $33.12. The company's fifty day simple moving average is $25.82 and its 200 day simple moving average is $26.26. The stock has a market capitalization of $26.96 billion, a price-to-earnings ratio of 24.52 and a beta of 0.97.
Li Auto Company Profile
(
Get Free Report)
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.
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