Stock Traders Buy Large Volume of Li Auto Put Options (NASDAQ:LI)

Li Auto Inc. Sponsored ADR (NASDAQ:LI) was the target of unusually large options trading activity on Monday. Investors purchased 15,895 put options on the stock. This represents an increase of approximately 109% compared to the typical daily volume of 7,611 put options.

Li Auto Stock Performance

Shares of NASDAQ LI traded up $0.28 during trading hours on Monday, reaching $11.78. The stock had a trading volume of 2,269,977 shares, compared to its average volume of 3,674,820. The business’s fifty day moving average is $12.37 and its two-hundred day moving average is $14.70. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.81 and a quick ratio of 1.65. The company has a market cap of $11.62 billion, a price-to-earnings ratio of -17.57 and a beta of 0.55. Li Auto has a twelve month low of $11.43 and a twelve month high of $26.50.

Li Auto (NASDAQ:LI) last issued its earnings results on Friday, July 31st. The company reported ($0.22) EPS for the quarter. Li Auto had a negative return on equity of 6.58% and a negative net margin of 4.44%.The firm had revenue of $3.78 billion during the quarter. As a group, research analysts expect that Li Auto will post -0.28 EPS for the current year.

Hedge Funds Weigh In On Li Auto

Hedge funds and other institutional investors have recently made changes to their positions in the business. QRG Capital Management Inc. boosted its position in shares of Li Auto by 10.5% during the 2nd quarter. QRG Capital Management Inc. now owns 17,003 shares of the company’s stock valued at $200,000 after acquiring an additional 1,615 shares in the last quarter. Tidal Investments LLC raised its position in Li Auto by 10.7% in the second quarter. Tidal Investments LLC now owns 47,986 shares of the company’s stock worth $563,000 after purchasing an additional 4,650 shares in the last quarter. WINTON GROUP Ltd bought a new position in Li Auto during the second quarter worth about $470,000. Engineers Gate Manager LP bought a new position in Li Auto during the second quarter worth about $500,000. Finally, Nykredit A S acquired a new stake in Li Auto during the second quarter valued at approximately $816,000. 9.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Zacks Research cut shares of Li Auto from a “hold” rating to a “strong sell” rating in a research note on Friday, August 28th. Piper Sandler decreased their price target on shares of Li Auto from $15.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, August 27th. HSBC dropped their price objective 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. Wall Street Zen lowered shares of Li Auto from a “sell” rating to a “strong sell” rating in a research report on Sunday, September 6th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $14.50 target price on shares of Li Auto in a research note on Wednesday, August 26th. Ten equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $16.28.

About Li Auto

Li Auto Inc (NASDAQ: LI) is a Chinese new energy vehicle manufacturer that develops, manufactures and sells smart electric vehicles. The company has focused primarily on family-oriented vehicles, combining battery-electric powertrains with extended-range electric vehicle technology designed to provide additional driving range through an onboard engine-generator.

Li Auto’s product portfolio has included the Li ONE and the Li L-series of premium sport utility vehicles, including the L6, L7, L8 and L9.