Hhlr Advisors LTD. Acquires New Holdings in Li Auto Inc. Sponsored ADR $LI

Hhlr Advisors LTD. bought a new position in shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 620,000 shares of the company’s stock, valued at approximately $15,624,000. Li Auto comprises about 0.5% of Hhlr Advisors LTD.’s holdings, making the stock its 17th biggest position.

Several other institutional investors also recently modified their holdings of LI. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Li Auto by 459.3% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,923,620 shares of the company’s stock valued at $426,475,000 after acquiring an additional 13,897,555 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in Li Auto in the 1st quarter worth about $41,076,000. LMR Partners LLP bought a new position in Li Auto in the fourth quarter valued at about $16,266,000. Myriad Asset Management US LP acquired a new stake in shares of Li Auto during the first quarter valued at about $9,913,000. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Li Auto during the fourth quarter valued at about $8,923,000. 9.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Wall Street Zen cut shares of Li Auto from a “hold” rating to a “sell” rating in a research report on Saturday. Sanford C. Bernstein reduced their target price on Li Auto from $26.00 to $25.00 and set a “market perform” rating for the company in a research note on Friday. Dbs Bank downgraded shares of Li Auto from a “moderate buy” rating to a “hold” rating in a report on Friday. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $28.00 price objective (down previously from $33.00) on shares of Li Auto in a research note on Thursday, August 14th. Finally, Cfra Research raised shares of Li Auto from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 10th. One research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, Li Auto has a consensus rating of “Reduce” and a consensus price target of $26.26.

Li Auto Stock Up 0.4%

Li Auto stock opened at $23.35 on Monday. The firm has a 50 day moving average price of $26.53 and a 200-day moving average price of $26.56. The company has a quick ratio of 1.57, a current ratio of 1.73 and a debt-to-equity ratio of 0.03. Li Auto Inc. Sponsored ADR has a twelve month low of $18.11 and a twelve month high of $33.12. The company has a market capitalization of $24.45 billion, a P/E ratio of 22.24 and a beta of 0.97.

Li Auto (NASDAQ:LI) last posted its quarterly earnings data on Thursday, May 29th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.01). Li Auto had a net margin of 5.64% and a return on equity of 11.37%. The firm had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $3.45 billion. During the same quarter in the previous year, the company posted $1.21 EPS. Li Auto’s revenue for the quarter was up 1.1% on a year-over-year basis. As a group, equities analysts predict that Li Auto Inc. Sponsored ADR will post 0.96 EPS for the current year.

About Li Auto

Li Auto Inc operates in the energy vehicle market in the People's Republic of China. It designs, develops, manufactures, and sells premium smart electric vehicles. The company's product line comprises MPVs and sport utility vehicles. It offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment.