Li Auto (NASDAQ:LI) Shares Gap Down – Time to Sell?

Li Auto Inc. Sponsored ADR (NASDAQ:LI) gapped down before the market opened on Wednesday . The stock had previously closed at $18.74, but opened at $18.15. Li Auto shares last traded at $18.1320, with a volume of 647,154 shares trading hands.

Wall Street Analyst Weigh In

LI has been the topic of several research analyst reports. Wall Street Zen upgraded shares of Li Auto from a “strong sell” rating to a “sell” rating in a research report on Sunday. Piper Sandler upgraded shares of Li Auto from a “neutral” rating to an “outperform” rating in a research report on Friday, March 13th. The Goldman Sachs Group cut shares of Li Auto from a “buy” rating to a “neutral” rating and set a $19.00 price target on the stock. in a research report on Tuesday, March 17th. Jefferies Financial Group reiterated a “hold” rating and set a $17.50 price target (down from $28.80) on shares of Li Auto in a research report on Friday, January 23rd. Finally, Sanford C. Bernstein set a $19.00 price target on shares of Li Auto and gave the company a “market perform” rating in a research report on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, Li Auto has an average rating of “Reduce” and a consensus price target of $18.55.

Li Auto Trading Down 2.7%

The stock’s fifty day moving average price is $18.04 and its 200 day moving average price is $18.71. The company has a quick ratio of 1.68, a current ratio of 1.81 and a debt-to-equity ratio of 0.05. The stock has a market cap of $19.28 billion, a PE ratio of 140.28 and a beta of 0.60.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. lifted its position in Li Auto by 133.3% during the first quarter. Goldman Sachs Group Inc. now owns 2,636,156 shares of the company’s stock valued at $66,431,000 after purchasing an additional 1,505,991 shares during the period. SIH Partners LLLP lifted its position in Li Auto by 184.7% during the fourth quarter. SIH Partners LLLP now owns 2,199,063 shares of the company’s stock valued at $37,230,000 after purchasing an additional 1,426,745 shares during the period. American Century Companies Inc. lifted its position in Li Auto by 4.6% during the third quarter. American Century Companies Inc. now owns 1,355,616 shares of the company’s stock valued at $34,351,000 after purchasing an additional 60,172 shares during the period. Hsbc Holdings PLC lifted its position in Li Auto by 648.8% during the fourth quarter. Hsbc Holdings PLC now owns 727,702 shares of the company’s stock valued at $12,259,000 after purchasing an additional 630,516 shares during the period. Finally, Maxi Investments CY Ltd purchased a new stake in Li Auto during the third quarter valued at approximately $16,040,000. Institutional investors own 9.88% of the company’s stock.

About Li Auto

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.