Optiver Holding B.V. Sells 38,692 Shares of Li Auto Inc. Sponsored ADR $LI

Optiver Holding B.V. reduced its position in Li Auto Inc. Sponsored ADR (NASDAQ:LI) by 41.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 54,921 shares of the company’s stock after selling 38,692 shares during the quarter. Optiver Holding B.V.’s holdings in Li Auto were worth $964,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in LI. Goldman Sachs Group Inc. lifted its position in shares of Li Auto by 133.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,636,156 shares of the company’s stock valued at $66,431,000 after buying an additional 1,505,991 shares during the last quarter. SIH Partners LLLP increased its holdings in Li Auto by 184.7% in the 4th quarter. SIH Partners LLLP now owns 2,199,063 shares of the company’s stock worth $37,230,000 after acquiring an additional 1,426,745 shares during the last quarter. Hsbc Holdings PLC raised its stake in Li Auto by 648.8% in the 4th quarter. Hsbc Holdings PLC now owns 727,702 shares of the company’s stock valued at $12,259,000 after acquiring an additional 630,516 shares during the period. Barclays PLC raised its stake in Li Auto by 167.0% in the 4th quarter. Barclays PLC now owns 536,718 shares of the company’s stock valued at $9,087,000 after acquiring an additional 335,718 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Li Auto by 1.2% during the third quarter. Dimensional Fund Advisors LP now owns 271,168 shares of the company’s stock valued at $6,871,000 after purchasing an additional 3,227 shares during the last quarter. 9.88% of the stock is currently owned by institutional investors.

Li Auto Price Performance

Shares of NASDAQ:LI opened at $13.63 on Friday. The company has a 50 day moving average of $13.26 and a 200 day moving average of $16.18. The stock has a market cap of $14.60 billion, a P/E ratio of -48.68 and a beta of 0.56. Li Auto Inc. Sponsored ADR has a 12 month low of $11.65 and a 12 month high of $27.10. The company has a current ratio of 1.88, a quick ratio of 1.75 and a debt-to-equity ratio of 0.06.

Li Auto (NASDAQ:LI) last posted its 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 firm had revenue of $3.33 billion for the quarter. As a group, sell-side analysts forecast that Li Auto Inc. Sponsored ADR will post -0.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on LI shares. BNP Paribas Exane upgraded shares of Li Auto from an “underperform” rating to a “neutral” rating in a research report on Wednesday, April 22nd. Barclays lowered 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. Wall Street Zen upgraded Li Auto from a “strong sell” rating to a “sell” rating in a research report on Sunday, April 12th. Bank of America reaffirmed a “neutral” rating and issued a $18.00 price target on shares of Li Auto in a report on Thursday, May 28th. Finally, HSBC reduced their price target on Li Auto from $17.20 to $15.60 and set a “hold” rating for the company in a research report on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” 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.