Li Auto Inc. Sponsored ADR $LI Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its stake in shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI) by 26.9% during the 1st quarter, Holdings Channel reports. The fund owned 250,040 shares of the company’s stock after selling 91,985 shares during the quarter. SG Americas Securities LLC’s holdings in Li Auto were worth $4,458,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of LI. Farther Finance Advisors LLC grew its holdings in shares of Li Auto by 312.3% in the fourth quarter. Farther Finance Advisors LLC now owns 1,674 shares of the company’s stock valued at $28,000 after purchasing an additional 1,268 shares during the period. DV Equities LLC purchased a new position in Li Auto during the fourth quarter worth about $72,000. Tuttle Capital Management LLC acquired a new position in Li Auto in the 4th quarter valued at about $170,000. Alpine Global Management LLC acquired a new position in Li Auto in the 4th quarter valued at about $175,000. Finally, Empowered Funds LLC purchased a new stake in shares of Li Auto in the 4th quarter valued at approximately $197,000. Institutional investors and hedge funds own 9.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Li Auto from $14.00 to $15.50 and gave the company an “underweight” rating in a research report on Friday, March 13th. Bank of America reissued a “neutral” rating and set a $18.00 target price on shares of Li Auto in a research note on Thursday, May 28th. Barclays decreased their price target on Li Auto from $18.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Friday, May 29th. Wall Street Zen upgraded Li Auto from a “strong sell” rating to a “sell” rating in a report on Sunday, April 12th. Finally, BNP Paribas Exane raised Li Auto from an “underperform” rating to a “neutral” rating in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $17.30.

Li Auto Stock Performance

NASDAQ LI opened at $11.89 on Tuesday. The company has a market cap of $12.74 billion, a P/E ratio of -42.46 and a beta of 0.57. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.88 and a quick ratio of 1.75. The stock has a 50-day moving average of $15.89 and a two-hundred day moving average of $16.93. Li Auto Inc. Sponsored ADR has a 1-year low of $11.76 and a 1-year high of $32.03.

Li Auto (NASDAQ:LI) last issued its quarterly earnings results on Friday, May 15th. The company reported ($0.15) earnings per share (EPS) for the quarter. The business 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%. As a group, analysts anticipate that Li Auto Inc. Sponsored ADR will post -0.07 EPS for the current year.

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.