Li Auto Inc. Sponsored ADR (NASDAQ:LI – Get Free Report) was the recipient of some unusual options trading activity on Monday. Investors acquired 12,095 put options on the company. This is an increase of 44% compared to the typical daily volume of 8,413 put options.
Hedge Funds Weigh In On Li Auto
Large investors have recently bought and sold shares of the business. Tidal Investments LLC increased its position in shares of Li Auto by 1.0% in the second quarter. Tidal Investments LLC now owns 88,772 shares of the company’s stock valued at $2,407,000 after buying an additional 856 shares in the last quarter. Corient Private Wealth LLC lifted its position in shares of Li Auto by 8.6% during the 2nd quarter. Corient Private Wealth LLC now owns 11,955 shares of the company’s stock valued at $324,000 after buying an additional 951 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in shares of Li Auto by 4.3% during the 4th 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 in the last quarter. Ballentine Partners LLC grew its stake in Li Auto by 9.6% in the 4th quarter. Ballentine Partners LLC now owns 13,786 shares of the company’s stock valued at $233,000 after acquiring an additional 1,208 shares during the period. Finally, Geode Capital Management LLC grew its stake in Li Auto by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 176,684 shares of the company’s stock valued at $4,790,000 after acquiring an additional 1,230 shares during the period. Institutional investors and hedge funds own 9.88% of the company’s stock.
Li Auto Stock Performance
Shares of LI traded down $0.13 during trading hours on Monday, hitting $11.89. The stock had a trading volume of 2,187,298 shares, compared to its average volume of 3,886,245. The firm has a 50-day moving average price of $15.36 and a 200 day moving average price of $16.79. Li Auto has a fifty-two week low of $11.65 and a fifty-two week high of $32.03. The firm has a market capitalization of $12.74 billion, a price-to-earnings ratio of -42.52 and a beta of 0.56. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.75 and a current ratio of 1.88.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on LI shares. Weiss Ratings lowered Li Auto from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 29th. BNP Paribas Exane upgraded Li Auto from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 22nd. Wall Street Zen upgraded Li Auto from a “strong sell” rating to a “sell” rating in a research note on Sunday, April 12th. Piper Sandler raised Li Auto from a “neutral” rating to an “outperform” rating in a report on Friday, March 13th. Finally, Sanford C. Bernstein set a $19.00 target price on Li Auto and gave the stock a “market perform” rating in a report on Friday, March 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, Li Auto presently has a consensus rating of “Reduce” and a consensus target price of $17.30.
Check Out Our Latest Analysis on LI
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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