Li Auto (NASDAQ:LI) Shares Gap Down – Here’s Why

Li Auto Inc. Sponsored ADR (NASDAQ:LI) 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 traded.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Weiss Ratings restated a “sell (d+)” rating on shares of Li Auto in a report on Friday, March 27th. BNP Paribas Exane upgraded Li Auto from an “underperform” rating to a “neutral” rating in a report on Wednesday, April 22nd. The Goldman Sachs Group lowered Li Auto from a “buy” rating to a “neutral” rating and set a $19.00 target price for the company. in a report on Tuesday, March 17th. 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. Finally, Wall Street Zen upgraded Li Auto from a “strong sell” rating to a “sell” rating in a report on Sunday, April 12th. One equities research 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $18.55.

Li Auto Trading Down 3.1%

The company has a market capitalization of $17.28 billion, a price-to-earnings ratio of 124.47 and a beta of 0.63. The business has a fifty day moving average price of $18.07 and a 200 day moving average price of $17.89. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.81 and a quick ratio of 1.68.

Li Auto (NASDAQ:LI) last issued its quarterly earnings results on Sunday, March 22nd. The company reported ($0.06) EPS for the quarter. Li Auto had a return on equity of 1.52% and a net margin of 0.99%.The business had revenue of $545.61 million for the quarter. On average, equities analysts expect that Li Auto Inc. Sponsored ADR will post 0.12 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. ABC Arbitrage SA acquired a new position in shares of Li Auto in the third quarter valued at $865,000. SG Americas Securities LLC raised its stake in shares of Li Auto by 324.2% in the fourth quarter. SG Americas Securities LLC now owns 342,025 shares of the company’s stock valued at $5,790,000 after purchasing an additional 261,389 shares in the last quarter. Victory Financial Group LLC acquired a new position in shares of Li Auto in the fourth quarter valued at $638,000. Maxi Investments CY Ltd acquired a new position in shares of Li Auto in the third quarter valued at $16,040,000. Finally, American Century Companies Inc. raised its stake in shares of Li Auto by 4.6% in the third quarter. American Century Companies Inc. now owns 1,355,616 shares of the company’s stock valued at $34,351,000 after purchasing an additional 60,172 shares in the last quarter. 9.88% of the stock is currently owned by institutional investors and hedge funds.

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.