Hsbc Holdings PLC Has $12.26 Million Stock Holdings in Li Auto Inc. Sponsored ADR $LI

Hsbc Holdings PLC lifted its stake in shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI) by 648.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 727,702 shares of the company’s stock after acquiring an additional 630,516 shares during the quarter. Hsbc Holdings PLC’s holdings in Li Auto were worth $12,259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Farther Finance Advisors LLC boosted its holdings in Li Auto by 312.3% in 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 last quarter. DV Equities LLC bought a new position in Li Auto during the 4th quarter worth approximately $72,000. Tuttle Capital Management LLC bought a new position in Li Auto during the 4th quarter worth approximately $170,000. Alpine Global Management LLC acquired a new position in shares of Li Auto in the 4th quarter worth approximately $175,000. Finally, Empowered Funds LLC bought a new stake in shares of Li Auto in the 4th quarter valued at $197,000. 9.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on LI. Zacks Research cut shares of Li Auto from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 28th. Barclays dropped their target price on shares of Li Auto from $18.00 to $14.00 and set an “equal weight” rating on the stock in a report on Friday, May 29th. Piper Sandler upgraded Li Auto from a “neutral” rating to an “outperform” rating in a report on Friday, March 13th. HSBC lowered their price objective on Li Auto from $17.20 to $15.60 and set a “hold” rating for the company in a research report on Wednesday, June 10th. Finally, BNP Paribas Exane raised Li Auto from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $17.30.

Li Auto Stock Performance

Shares of LI stock opened at $11.83 on Friday. The firm has a 50 day moving average of $16.14 and a 200-day moving average of $17.01. The company has a market cap of $12.64 billion, a price-to-earnings ratio of -42.25 and a beta of 0.57. The company has a quick ratio of 1.75, a current ratio of 1.88 and a debt-to-equity ratio of 0.06. Li Auto Inc. Sponsored ADR has a 52 week low of $11.81 and a 52 week high of $32.03.

Li Auto (NASDAQ:LI) last released its earnings results on Friday, May 15th. The company reported ($0.15) earnings per share (EPS) for the quarter. The company had revenue of $3.33 billion for the quarter. Li Auto had a negative net margin of 1.72% and a negative return on equity of 2.58%. On average, equities analysts forecast that Li Auto Inc. Sponsored ADR will post -0.07 earnings per share for the current year.

Li Auto 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.