Hsbc Holdings PLC Acquires 630,516 Shares of Li Auto Inc. Sponsored ADR $LI

Hsbc Holdings PLC lifted its holdings in shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI) by 648.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 727,702 shares of the company’s stock after buying 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 filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Tidal Investments LLC raised its stake in Li Auto by 1.0% during the second quarter. Tidal Investments LLC now owns 88,772 shares of the company’s stock worth $2,407,000 after acquiring an additional 856 shares in the last quarter. Corient Private Wealth LLC lifted its holdings in shares of Li Auto by 8.6% in the second quarter. Corient Private Wealth LLC now owns 11,955 shares of the company’s stock worth $324,000 after acquiring an additional 951 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Li Auto by 4.3% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 27,113 shares of the company’s stock valued at $459,000 after purchasing an additional 1,121 shares in the last quarter. Ballentine Partners LLC grew its holdings in shares of Li Auto by 9.6% during the 4th quarter. Ballentine Partners LLC now owns 13,786 shares of the company’s stock valued at $233,000 after purchasing an additional 1,208 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Li Auto by 0.7% during the 2nd quarter. Geode Capital Management LLC now owns 176,684 shares of the company’s stock valued at $4,790,000 after purchasing an additional 1,230 shares during the last quarter. 9.88% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. BNP Paribas Exane raised shares of Li Auto from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 22nd. 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. increased their price target on Li Auto from $14.00 to $15.50 and gave the company an “underweight” rating in a research note on Friday, March 13th. Sanford C. Bernstein set a $19.00 price objective on Li Auto and gave the company a “market perform” rating in a report on Friday, March 13th. Finally, The Goldman Sachs Group lowered Li Auto from a “buy” rating to a “neutral” rating and set a $19.00 price objective on the stock. in a research report on Tuesday, March 17th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned 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 presently has an average rating of “Reduce” and an average target price of $17.30.

Li Auto Trading Down 4.5%

LI opened at $11.83 on Friday. Li Auto Inc. Sponsored ADR has a fifty-two week low of $11.81 and a fifty-two week high of $32.03. 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 firm has a market capitalization of $12.64 billion, a price-to-earnings ratio of -42.25 and a beta of 0.57. The company’s 50 day moving average price is $16.14 and its two-hundred day moving average price is $17.01.

Li Auto (NASDAQ:LI) last announced 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 during the quarter. Li Auto had a negative net margin of 1.72% and a negative return on equity of 2.58%. As a group, research analysts predict that Li Auto Inc. Sponsored ADR will post -0.07 earnings per share 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.