SG Americas Securities LLC Lowers Position in Li Auto Inc. Sponsored ADR $LI

SG Americas Securities LLC decreased its position in shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI) by 26.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Victory Financial Group LLC acquired a new position in shares of Li Auto in the fourth quarter worth about $638,000. Ping Capital Management Inc. acquired a new stake in shares of Li Auto during the 4th quarter valued at about $762,000. Maxi Investments CY Ltd purchased a new position in shares of Li Auto in the 3rd quarter valued at about $16,040,000. Leonteq Securities AG purchased a new position in shares of Li Auto in the 4th quarter valued at about $608,000. Finally, American Century Companies Inc. raised its holdings in Li Auto by 4.6% in the 3rd quarter. American Century Companies Inc. now owns 1,355,616 shares of the company’s stock worth $34,351,000 after purchasing an additional 60,172 shares during the period. 9.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LI. Bank of America restated a “neutral” rating and issued a $18.00 price objective on shares of Li Auto in a research report on Thursday, May 28th. Weiss Ratings cut shares of Li Auto from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 29th. Sanford C. Bernstein set a $19.00 price target on shares of Li Auto and gave the stock a “market perform” rating in a report on Friday, March 13th. JPMorgan Chase & Co. upped their price objective on shares of Li Auto from $14.00 to $15.50 and gave the stock an “underweight” rating in a research report on Friday, March 13th. Finally, HSBC decreased their price objective on shares of Li Auto from $17.20 to $15.60 and set a “hold” rating on the stock in a report on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $17.30.

Li Auto Price Performance

Li Auto stock opened at $11.89 on Tuesday. The company has a fifty day simple moving average of $15.89 and a 200-day simple moving average of $16.93. The firm has a market capitalization of $12.74 billion, a price-to-earnings ratio of -42.46 and a beta of 0.57. The company has a quick ratio of 1.75, a current ratio of 1.88 and a debt-to-equity ratio of 0.06. Li Auto Inc. Sponsored ADR has a 52-week low of $11.76 and a 52-week high of $32.03.

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