Li Auto Inc. Sponsored ADR $LI Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP increased its position in shares of Li Auto Inc. Sponsored ADR (NASDAQ:LIFree Report) by 160.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 192,668 shares of the company’s stock after purchasing an additional 118,733 shares during the period. Quantinno Capital Management LP’s holdings in Li Auto were worth $3,435,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in LI. Barometer Capital Management Inc. acquired a new stake in Li Auto in the first quarter valued at about $1,548,000. PNC Financial Services Group Inc. increased its position in Li Auto by 102.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 15,216 shares of the company’s stock worth $271,000 after purchasing an additional 7,689 shares during the period. Parallel Advisors LLC increased its position in Li Auto by 530.5% during the 1st 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. ABC Arbitrage SA purchased a new position in shares of Li Auto during the 1st quarter worth approximately $224,000. Finally, Sequoia Financial Advisors LLC raised its stake in shares of Li Auto by 107.4% during the 1st quarter. Sequoia Financial Advisors LLC now owns 24,610 shares of the company’s stock worth $439,000 after buying an additional 12,744 shares in the last quarter. Institutional investors and hedge funds own 9.88% of the company’s stock.

Wall Street Analyst Weigh In

LI has been the topic of a number of analyst reports. HSBC decreased their price target on Li Auto from $17.20 to $15.60 and set a “hold” rating on the stock in a research note on Wednesday, June 10th. Zacks Research upgraded shares of Li Auto from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 15th. Weiss Ratings lowered shares of Li Auto from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 29th. BNP Paribas Exane raised shares of Li Auto from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 22nd. Finally, Barclays cut their price target on shares of Li Auto from $18.00 to $14.00 and set an “equal weight” rating for the company in a report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Li Auto has an average rating of “Hold” and a consensus price target of $17.30.

Check Out Our Latest Stock Analysis on Li Auto

Li Auto Stock Performance

NASDAQ LI opened at $12.95 on Friday. Li Auto Inc. Sponsored ADR has a 1-year low of $11.65 and a 1-year high of $27.10. The company has a market capitalization of $13.87 billion, a P/E ratio of -46.25 and a beta of 0.55. The business has a 50 day moving average price of $12.99 and a 200 day moving average price of $16.05. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.88 and a quick ratio of 1.75.

Li Auto (NASDAQ:LIGet Free Report) last posted its earnings results on Friday, May 15th. The company reported ($0.15) EPS for the quarter. The firm 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%. Sell-side analysts expect that Li Auto Inc. Sponsored ADR will post -0.12 EPS for the current fiscal year.

About Li Auto

(Free Report)

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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Institutional Ownership by Quarter for Li Auto (NASDAQ:LI)

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