Li Auto Target of Unusually Large Options Trading (NASDAQ:LI)

Li Auto Inc. Sponsored ADR (NASDAQ:LI) was the target of some unusual options trading activity on Monday. Traders purchased 12,095 put options on the stock. This is an increase of 44% compared to the average volume of 8,413 put options.

Li Auto Trading Down 1.0%

Shares of NASDAQ LI traded down $0.13 during trading on Monday, hitting $11.89. 2,187,298 shares of the company were exchanged, compared to its average volume of 3,886,245. Li Auto has a 12-month low of $11.65 and a 12-month high of $32.03. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.75 and a current ratio of 1.88. The company has a fifty day moving average price of $15.36 and a 200-day moving average price of $16.79. The firm has a market capitalization of $12.74 billion, a PE ratio of -42.52 and a beta of 0.56.

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

Institutional Trading of Li Auto

Several hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC increased its holdings in shares of Li Auto by 312.3% during the 4th quarter. Farther Finance Advisors LLC now owns 1,674 shares of the company’s stock worth $28,000 after buying an additional 1,268 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Li Auto by 157.9% in the first quarter. EverSource Wealth Advisors LLC now owns 2,878 shares of the company’s stock valued at $51,000 after acquiring an additional 1,762 shares during the last quarter. DV Equities LLC purchased a new position in Li Auto in the fourth quarter worth approximately $72,000. Parallel Advisors LLC grew its position in Li Auto by 530.5% in the first quarter. Parallel Advisors LLC now owns 8,915 shares of the company’s stock worth $159,000 after acquiring an additional 7,501 shares during the period. Finally, Tuttle Capital Management LLC acquired a new stake in Li Auto during the fourth quarter worth $170,000. Hedge funds and other institutional investors own 9.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on LI shares. Barclays cut their target price on shares of Li Auto from $18.00 to $14.00 and set an “equal weight” rating for the company in a research note on Friday, May 29th. Zacks Research lowered shares of Li Auto from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 28th. The Goldman Sachs Group cut Li Auto from a “buy” rating to a “neutral” rating and set a $19.00 price objective on the stock. in a report on Tuesday, March 17th. Sanford C. Bernstein set a $19.00 price objective on Li Auto and gave the stock a “market perform” rating in a research note on Friday, March 13th. Finally, Wall Street Zen raised Li Auto from a “strong sell” rating to a “sell” rating in a report on Sunday, April 12th. One 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Li Auto currently has an average rating of “Reduce” and an average 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.