Quantinno Capital Management LP Increases Stock Position in Li Auto Inc. Sponsored ADR $LI

Quantinno Capital Management LP grew its holdings in Li Auto Inc. Sponsored ADR (NASDAQ:LI) by 160.6% during the 1st quarter, Holdings Channel reports. The firm owned 192,668 shares of the company’s stock after buying an additional 118,733 shares during the period. Quantinno Capital Management LP’s holdings in Li Auto were worth $3,435,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Barometer Capital Management Inc. purchased a new stake in Li Auto in the 1st quarter valued at approximately $1,548,000. PNC Financial Services Group Inc. increased its position in Li Auto by 102.2% during the first quarter. PNC Financial Services Group Inc. now owns 15,216 shares of the company’s stock worth $271,000 after buying an additional 7,689 shares in the last quarter. Parallel Advisors LLC increased its position in Li Auto by 530.5% during the first quarter. Parallel Advisors LLC now owns 8,915 shares of the company’s stock worth $159,000 after buying an additional 7,501 shares in the last quarter. ABC Arbitrage SA purchased a new position in Li Auto during the first quarter worth $224,000. Finally, Sequoia Financial Advisors LLC raised its holdings in shares of Li Auto by 107.4% in the first quarter. Sequoia Financial Advisors LLC now owns 24,610 shares of the company’s stock worth $439,000 after acquiring an additional 12,744 shares during the last quarter. 9.88% of the stock is currently owned by institutional investors and hedge funds.

Li Auto Trading Up 2.0%

Shares of Li Auto stock opened at $12.95 on Friday. Li Auto Inc. Sponsored ADR has a fifty-two week low of $11.65 and a fifty-two week high of $27.10. The business’s fifty day moving average is $12.99 and its two-hundred day moving average is $16.05. 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 firm has a market cap of $13.87 billion, a PE ratio of -46.25 and a beta of 0.55.

Li Auto (NASDAQ:LI) last announced its quarterly earnings data on Friday, May 15th. The company reported ($0.15) EPS for the quarter. The business 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%. Analysts anticipate that Li Auto Inc. Sponsored ADR will post -0.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LI has been the topic of several recent research reports. Barclays reduced their price objective on Li Auto from $18.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Friday, May 29th. Weiss Ratings cut Li Auto from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 29th. Wall Street Zen raised shares of Li Auto from a “strong sell” rating to a “sell” rating in a research note on Sunday, April 12th. HSBC reduced their target price 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. Finally, Bank of America reiterated a “neutral” rating and set a $18.00 price target on shares of Li Auto in a report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” 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.