Li Auto Inc. Sponsored ADR (NASDAQ:LI – Get Free Report) shares hit a new 52-week low during trading on Thursday . The stock traded as low as $13.67 and last traded at $13.69, with a volume of 3788450 shares trading hands. The stock had previously closed at $14.11.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on the company. Piper Sandler raised Li Auto from a “neutral” rating to an “outperform” rating in a research note on Friday, March 13th. Bank of America reiterated a “neutral” rating and issued a $18.00 price target on shares of Li Auto in a report on Thursday, May 28th. Weiss Ratings lowered Li Auto from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 29th. Wall Street Zen upgraded Li Auto from a “strong sell” rating to a “sell” rating in a report on Sunday, April 12th. Finally, Sanford C. Bernstein set a $19.00 price target on Li Auto and gave the stock a “market perform” rating in a report on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $17.30.
Get Our Latest Report on Li Auto
Li Auto Trading Up 3.8%
Li Auto (NASDAQ:LI – Get Free Report) last issued its quarterly earnings data on Friday, May 15th. The company reported ($0.15) EPS for the quarter. The company had revenue of $3.33 billion for the quarter. Li Auto had a negative return on equity of 2.58% and a negative net margin of 1.72%. On average, equities research analysts expect that Li Auto Inc. Sponsored ADR will post -0.07 earnings per share for the current year.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC lifted its holdings in shares of Li Auto by 312.3% in the fourth quarter. Farther Finance Advisors LLC now owns 1,674 shares of the company’s stock valued at $28,000 after purchasing an additional 1,268 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Li Auto by 157.9% in the first quarter. EverSource Wealth Advisors LLC now owns 2,878 shares of the company’s stock valued at $51,000 after purchasing an additional 1,762 shares in the last quarter. DV Equities LLC bought a new position in shares of Li Auto in the fourth quarter valued at approximately $72,000. Limestone Investment Advisors LP bought a new position in shares of Li Auto in the third quarter valued at approximately $222,000. Finally, Parallel Advisors LLC lifted its holdings in shares of Li Auto by 530.5% in the first quarter. Parallel Advisors LLC now owns 8,915 shares of the company’s stock valued at $159,000 after purchasing an additional 7,501 shares in the last quarter. Institutional investors own 9.88% of the company’s stock.
Li Auto Company Profile
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.
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