Hsbc Holdings PLC Has $10.85 Million Stock Position in Li Auto Inc. Sponsored ADR $LI

Hsbc Holdings PLC reduced its position in shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI) by 15.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 612,183 shares of the company’s stock after selling 115,519 shares during the period. Hsbc Holdings PLC’s holdings in Li Auto were worth $10,850,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LI. Farther Finance Advisors LLC boosted its holdings in Li Auto by 312.3% during the fourth quarter. Farther Finance Advisors LLC now owns 1,674 shares of the company’s stock valued at $28,000 after acquiring an additional 1,268 shares during the period. DV Equities LLC acquired a new position in shares of Li Auto during the 4th quarter worth about $72,000. Limestone Investment Advisors LP bought a new stake in Li Auto during the 3rd quarter valued at approximately $222,000. Chesapeake Capital Corp IL bought a new stake in Li Auto during the 3rd quarter valued at approximately $227,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in Li Auto in the 3rd quarter valued at approximately $227,000. Institutional investors and hedge funds own 9.88% of the company’s stock.

Li Auto Price Performance

Shares of Li Auto stock opened at $12.12 on Thursday. The firm has a market cap of $12.99 billion, a P/E ratio of -43.28 and a beta of 0.56. The firm’s 50-day simple moving average is $13.81 and its 200-day simple moving average is $16.37. Li Auto Inc. Sponsored ADR has a twelve month low of $11.65 and a twelve month high of $31.10. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.75 and a current ratio of 1.88.

Li Auto (NASDAQ:LI) last announced its quarterly earnings results on Friday, May 15th. The company reported ($0.15) EPS for the quarter. The business 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%. As a group, research analysts expect that Li Auto Inc. Sponsored ADR will post -0.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Zacks Research raised Li Auto from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 15th. Barclays reduced their price target on shares of Li Auto from $18.00 to $14.00 and set an “equal weight” rating for the company in a report on Friday, May 29th. Weiss Ratings lowered shares of Li Auto from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 29th. Wall Street Zen upgraded shares of Li Auto from a “strong sell” rating to a “sell” rating in a research note on Sunday, April 12th. Finally, BNP Paribas Exane raised Li Auto from an “underperform” rating to a “neutral” rating in a research report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Li Auto presently has a consensus rating of “Hold” and an average price target of $17.30.

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.