Traders Buy Large Volume of Put Options on Li Auto (NASDAQ:LI)

Li Auto Inc. Sponsored ADR (NASDAQ:LI) was the recipient of some unusual options trading activity on Monday. Stock traders acquired 11,960 put options on the stock. This is an increase of 42% compared to the typical volume of 8,401 put options.

Hedge Funds Weigh In On Li Auto

Institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC lifted its position in Li Auto by 312.3% during 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 in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Li Auto by 157.9% in the first quarter. EverSource Wealth Advisors LLC now owns 2,878 shares of the company’s stock worth $51,000 after buying an additional 1,762 shares during the period. DV Equities LLC purchased a new position in shares of Li Auto during the 4th quarter valued at about $72,000. Corient Private Wealth LP bought a new position in shares of Li Auto during the 2nd quarter valued at approximately $146,000. Finally, Parallel Advisors LLC increased its holdings in Li Auto by 530.5% in the 1st quarter. Parallel Advisors LLC now owns 8,915 shares of the company’s stock worth $159,000 after acquiring an additional 7,501 shares in the last quarter. 9.88% of the stock is owned by institutional investors.

Analysts Set New Price Targets

LI has been the topic of several research reports. Piper Sandler dropped their target price on shares of Li Auto from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, August 27th. Wall Street Zen upgraded shares of Li Auto from a “strong sell” rating to a “sell” rating in a research note on Saturday. Zacks Research cut Li Auto from a “hold” rating to a “strong sell” rating in a report on Friday, August 28th. Weiss Ratings restated a “sell (d)” rating on shares of Li Auto in a research note on Wednesday, August 26th. Finally, Barclays cut their price objective on 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 equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $16.28.

Li Auto Stock Performance

Shares of NASDAQ LI opened at $11.90 on Wednesday. The firm has a 50 day moving average of $12.45 and a 200 day moving average of $15.47. The company has a current ratio of 1.81, a quick ratio of 1.65 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $12.75 billion, a price-to-earnings ratio of -17.76 and a beta of 0.55. Li Auto has a 12-month low of $11.65 and a 12-month high of $27.10.

Li Auto (NASDAQ:LI) last announced its earnings results on Friday, August 14th. The company reported ($0.22) EPS for the quarter. Li Auto had a negative net margin of 4.44% and a negative return on equity of 6.58%. The business had revenue of $3.78 billion for the quarter. On average, research analysts anticipate that Li Auto will post -0.13 earnings per share for the current year.

Li Auto Company Profile

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.