Li Auto Inc. Sponsored ADR (NASDAQ:LI – Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $18.51, but opened at $16.81. Li Auto shares last traded at $16.6060, with a volume of 2,060,556 shares changing hands.
Wall Street Analyst Weigh In
LI has been the subject of a number of recent analyst reports. The Goldman Sachs Group cut shares of Li Auto from a “buy” rating to a “neutral” rating and set a $19.00 price target for the company. in a research report on Tuesday, March 17th. 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. BNP Paribas Exane upgraded shares of Li Auto from an “underperform” rating to a “neutral” rating in a research report on Wednesday, April 22nd. Wall Street Zen upgraded shares of Li Auto from a “strong sell” rating to a “sell” rating in a research report on Sunday, April 12th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Li Auto in a research report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $18.55.
Read Our Latest Report on Li Auto
Li Auto Price Performance
Li Auto (NASDAQ:LI – Get Free Report) last issued its quarterly earnings results on Sunday, March 22nd. The company reported ($0.06) earnings per share (EPS) for the quarter. The business had revenue of $545.61 million for the quarter. Li Auto had a return on equity of 1.52% and a net margin of 0.99%. As a group, equities analysts forecast that Li Auto Inc. Sponsored ADR will post 0.12 earnings per share for the current fiscal year.
Institutional Trading of Li Auto
A number of institutional investors and hedge funds have recently bought and sold shares of LI. Farther Finance Advisors LLC increased its stake in Li Auto by 312.3% during the fourth quarter. Farther Finance Advisors LLC now owns 1,674 shares of the company’s stock worth $28,000 after purchasing an additional 1,268 shares during the period. DV Equities LLC purchased a new stake in Li Auto during the fourth quarter worth about $72,000. Parallel Advisors LLC increased its stake in Li Auto by 530.5% during the first quarter. Parallel Advisors LLC now owns 8,915 shares of the company’s stock worth $159,000 after purchasing an additional 7,501 shares during the period. Tuttle Capital Management LLC purchased a new stake in Li Auto during the fourth quarter worth about $170,000. Finally, Alpine Global Management LLC acquired a new position in shares of Li Auto during the fourth quarter worth about $175,000. 9.88% of the stock is currently owned by hedge funds and other institutional investors.
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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