Li Auto Inc. Sponsored ADR $LI Position Raised by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its position in Li Auto Inc. Sponsored ADR (NASDAQ:LI) by 648.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 727,702 shares of the company’s stock after purchasing an additional 630,516 shares during the period. Hsbc Holdings PLC’s holdings in Li Auto were worth $12,259,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Farther Finance Advisors LLC raised its stake in shares of Li Auto by 312.3% in the 4th quarter. Farther Finance Advisors LLC now owns 1,674 shares of the company’s stock worth $28,000 after buying an additional 1,268 shares in the last quarter. DV Equities LLC bought a new position in Li Auto during the fourth quarter valued at about $72,000. Tuttle Capital Management LLC acquired a new position in Li Auto during the fourth quarter worth about $170,000. Alpine Global Management LLC bought a new stake in Li Auto in the fourth quarter worth about $175,000. Finally, Empowered Funds LLC bought a new position in shares of Li Auto during the 4th quarter valued at about $197,000. 9.88% of the stock is currently owned by institutional investors and hedge funds.

Li Auto Stock Performance

Shares of LI opened at $12.05 on Wednesday. The company has a 50-day moving average of $15.11 and a two-hundred day moving average of $16.73. The stock has a market cap of $12.91 billion, a price-to-earnings ratio of -43.03 and a beta of 0.56. 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 Inc. Sponsored ADR has a one year low of $11.65 and a one year high of $32.03.

Li Auto (NASDAQ:LI) last released its quarterly earnings results on Friday, May 15th. The company reported ($0.15) earnings per share (EPS) for the quarter. The firm had revenue of $3.33 billion for the quarter. Li Auto had a negative net margin of 1.72% and a negative return on equity of 2.58%. On average, equities research analysts expect that Li Auto Inc. Sponsored ADR will post -0.07 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Li Auto from a “strong sell” rating to a “sell” rating in a report on Sunday, April 12th. JPMorgan Chase & Co. upped their price target on Li Auto from $14.00 to $15.50 and gave the company an “underweight” rating in a report on Friday, March 13th. Weiss Ratings downgraded Li Auto from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 29th. Zacks Research lowered Li Auto from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 28th. Finally, Barclays decreased their target price on Li Auto from $18.00 to $14.00 and set an “equal weight” rating on the stock in a report on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $17.30.

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.