Li Auto (NASDAQ:LI) Shares Gap Up – What’s Next?

Li Auto Inc. Sponsored ADR (NASDAQ:LI)’s share price gapped up prior to trading on Friday . The stock had previously closed at $13.78, but opened at $14.54. Li Auto shares last traded at $14.3950, with a volume of 1,504,958 shares.

Analysts Set New Price Targets

A number of research firms have weighed in on LI. Zacks Research downgraded shares of Li Auto from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 28th. JPMorgan Chase & Co. lifted their price objective on Li Auto from $14.00 to $15.50 and gave the company an “underweight” rating in a report on Friday, March 13th. Wall Street Zen raised Li Auto from a “strong sell” rating to a “sell” rating in a 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, BNP Paribas Exane raised Li Auto from an “underperform” rating to a “neutral” rating in a report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, Li Auto currently has an average rating of “Reduce” and an average target price of $17.30.

Li Auto Price Performance

The stock has a market capitalization of $15.27 billion, a P/E ratio of -51.02 and a beta of 0.57. The company has a current ratio of 1.88, a quick ratio of 1.75 and a debt-to-equity ratio of 0.06. The company has a fifty day simple moving average of $17.21 and a two-hundred day simple moving average of $17.35.

Li Auto (NASDAQ:LI) last announced its quarterly earnings data on Friday, May 15th. The company reported ($0.15) earnings per share for the quarter. The firm had revenue of $3.33 billion for the quarter. Li Auto had a negative return on equity of 2.58% and a negative net margin of 1.72%. Sell-side analysts expect that Li Auto Inc. Sponsored ADR will post -0.07 EPS for the current fiscal year.

Institutional Trading of Li Auto

A number of institutional investors and hedge funds have recently modified their holdings of LI. Goldman Sachs Group Inc. increased its stake in shares of Li Auto by 133.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,636,156 shares of the company’s stock valued at $66,431,000 after acquiring an additional 1,505,991 shares during the last quarter. SIH Partners LLLP increased its stake in shares of Li Auto by 184.7% in the 4th quarter. SIH Partners LLLP now owns 2,199,063 shares of the company’s stock valued at $37,230,000 after acquiring an additional 1,426,745 shares during the last quarter. Maxi Investments CY Ltd bought a new stake in shares of Li Auto in the 3rd quarter valued at about $16,040,000. Hsbc Holdings PLC increased its stake in shares of 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 last quarter. Finally, Barclays PLC increased its stake in shares of 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 last quarter. 9.88% of the stock is owned by institutional investors.

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.