Li Auto Inc. Sponsored ADR $LI Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC raised its position in Li Auto Inc. Sponsored ADR (NASDAQ:LI) by 648.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. SG Americas Securities LLC grew its stake in Li Auto by 324.2% in the fourth quarter. SG Americas Securities LLC now owns 342,025 shares of the company’s stock worth $5,790,000 after purchasing an additional 261,389 shares in the last quarter. Victory Financial Group LLC bought a new position in Li Auto during the 4th quarter worth approximately $638,000. Ping Capital Management Inc. bought a new position in Li Auto during the 4th quarter worth approximately $762,000. Maxi Investments CY Ltd acquired a new position in shares of Li Auto in the 3rd quarter worth approximately $16,040,000. Finally, Leonteq Securities AG acquired a new position in shares of Li Auto in the 4th quarter worth approximately $608,000. 9.88% of the stock is currently owned by institutional investors and hedge funds.

Li Auto Trading Up 0.2%

Shares of NASDAQ:LI opened at $12.05 on Wednesday. The company has a quick ratio of 1.75, a current ratio of 1.88 and a debt-to-equity ratio of 0.06. The company’s 50-day moving average price is $15.11 and its 200 day moving average price is $16.73. The company has a market cap of $12.91 billion, a PE ratio of -43.03 and a beta of 0.56. Li Auto Inc. Sponsored ADR has a fifty-two week low of $11.65 and a fifty-two week high of $32.03.

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on LI shares. Bank of America reissued a “neutral” rating and set a $18.00 target price on shares of Li Auto in a report on Thursday, May 28th. Piper Sandler raised shares of Li Auto from a “neutral” rating to an “outperform” rating in a research report on Friday, March 13th. JPMorgan Chase & Co. increased their price objective on shares of Li Auto from $14.00 to $15.50 and gave the stock an “underweight” rating in a research note on Friday, March 13th. Barclays cut their target price on shares of Li Auto from $18.00 to $14.00 and set an “equal weight” rating on the stock in a report on Friday, May 29th. Finally, 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. 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $17.30.

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.