Li Auto Inc. Sponsored ADR (NASDAQ:LI – Get Free Report) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $14.07 and last traded at $14.1030, with a volume of 2023860 shares. The stock had previously closed at $14.57.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on the stock. Weiss Ratings cut shares of Li Auto from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 29th. Bank of America reaffirmed a “neutral” rating and set a $18.00 target price on shares of Li Auto in a research note on Thursday, May 28th. Zacks Research cut shares of Li Auto from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 28th. The Goldman Sachs Group cut shares of Li Auto from a “buy” rating to a “neutral” rating and set a $19.00 target price on the stock. in a research note on Tuesday, March 17th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Li Auto from $14.00 to $15.50 and gave the stock an “underweight” rating in a research note on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $17.55.
Get Our Latest Analysis on Li Auto
Li Auto Price Performance
Li Auto (NASDAQ:LI – Get Free Report) last posted its earnings results on Friday, May 15th. The company reported ($0.15) EPS for the quarter. The company had revenue of $3.33 billion during the quarter. Li Auto had a negative net margin of 1.72% and a negative return on equity of 2.58%. On average, equities research analysts anticipate that Li Auto Inc. Sponsored ADR will post 0.07 EPS for the current fiscal year.
Institutional Trading of Li Auto
A number of large investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. increased its stake in shares of Li Auto by 133.3% during the first quarter. Goldman Sachs Group Inc. now owns 2,636,156 shares of the company’s stock worth $66,431,000 after buying an additional 1,505,991 shares during the period. Empowered Funds LLC purchased a new position in Li Auto in the first quarter valued at approximately $506,000. Geode Capital Management LLC increased its stake in Li Auto by 0.7% in the second quarter. Geode Capital Management LLC now owns 176,684 shares of the company’s stock valued at $4,790,000 after purchasing an additional 1,230 shares during the last quarter. Quantinno Capital Management LP increased its stake in Li Auto by 22.0% in the second quarter. Quantinno Capital Management LP now owns 35,076 shares of the company’s stock valued at $951,000 after purchasing an additional 6,331 shares during the last quarter. Finally, Boothbay Fund Management LLC increased its stake in Li Auto by 320.1% in the second quarter. Boothbay Fund Management LLC now owns 37,486 shares of the company’s stock valued at $1,016,000 after purchasing an additional 28,563 shares during the last quarter. 9.88% of the stock is currently owned by hedge funds and other institutional investors.
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.
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