Li Auto Inc. Sponsored ADR (NASDAQ:LI – Get Free Report)’s share price reached a new 52-week low on Thursday . The company traded as low as $11.62 and last traded at $11.65, with a volume of 3101205 shares. The stock had previously closed at $11.91.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on LI shares. Bank of America reiterated a “neutral” rating and issued a $18.00 price objective on shares of Li Auto in a research report on Thursday, May 28th. Sanford C. Bernstein restated a “market perform” rating and issued a $14.50 price objective on shares of Li Auto in a research report on Wednesday, August 26th. Zacks Research downgraded shares of Li Auto from a “hold” rating to a “strong sell” rating in a research note on Friday, August 28th. Wall Street Zen lowered shares of Li Auto from a “sell” rating to a “strong sell” rating in a research report on Sunday. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Li Auto in a research note on Wednesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $16.28.
View Our Latest Stock Analysis on Li Auto
Li Auto Stock Performance
Li Auto (NASDAQ:LI – Get Free Report) last announced its quarterly earnings data on Friday, July 31st. The company reported ($0.22) EPS for the quarter. The firm had revenue of $3.78 billion for the quarter. Li Auto had a negative net margin of 4.44% and a negative return on equity of 6.58%. On average, equities analysts expect that Li Auto Inc. Sponsored ADR will post -0.15 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of LI. Tidal Investments LLC lifted its holdings in shares of 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 lifted its stake in Li Auto by 8.6% in the second quarter. Corient Private Wealth LLC now owns 11,955 shares of the company’s stock worth $324,000 after purchasing an additional 951 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in Li Auto by 4.3% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 27,113 shares of the company’s stock valued at $459,000 after buying an additional 1,121 shares during the period. Ballentine Partners LLC grew its stake in shares of Li Auto by 9.6% during the fourth quarter. Ballentine Partners LLC now owns 13,786 shares of the company’s stock valued at $233,000 after buying an additional 1,208 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Li Auto by 0.7% in the second quarter. Geode Capital Management LLC now owns 176,684 shares of the company’s stock worth $4,790,000 after buying an additional 1,230 shares during the period. 9.88% of the stock is currently owned by institutional investors.
Li Auto Company Profile
Li Auto Inc (NASDAQ: LI) is a Chinese new energy vehicle manufacturer that develops, manufactures and sells smart electric vehicles. The company has focused primarily on family-oriented vehicles, combining battery-electric powertrains with extended-range electric vehicle technology designed to provide additional driving range through an onboard engine-generator.
Li Auto’s product portfolio has included the Li ONE and the Li L-series of premium sport utility vehicles, including the L6, L7, L8 and L9.
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