US Bancorp DE Acquires 844 Shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI)

US Bancorp DE boosted its holdings in Li Auto Inc. Sponsored ADR (NASDAQ:LI) by 9.0% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,255 shares of the company’s stock after acquiring an additional 844 shares during the quarter. US Bancorp DE’s holdings in Li Auto were worth $258,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in LI. Mirae Asset Global Investments Co. Ltd. increased its stake in Li Auto by 459.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,923,620 shares of the company’s stock worth $426,475,000 after acquiring an additional 13,897,555 shares during the last quarter. LMR Partners LLP bought a new position in shares of Li Auto during the 4th quarter valued at about $16,266,000. Myriad Asset Management US LP bought a new position in shares of Li Auto during the 1st quarter valued at about $9,913,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Li Auto during the 4th quarter valued at about $8,923,000. Finally, Tairen Capital Ltd bought a new position in shares of Li Auto during the 4th quarter valued at about $8,435,000. 9.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

LI has been the topic of several recent research reports. Cfra Research upgraded Li Auto from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 10th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $28.00 price objective (down from $33.00) on shares of Li Auto in a research report on Thursday. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $30.85.

Li Auto Trading Down 4.6%

Li Auto stock opened at $23.75 on Friday. The company has a current ratio of 1.87, a quick ratio of 1.72 and a debt-to-equity ratio of 0.12. The business’s fifty day simple moving average is $27.48 and its two-hundred day simple moving average is $26.59. Li Auto Inc. Sponsored ADR has a 12 month low of $17.44 and a 12 month high of $33.12. The company has a market capitalization of $24.87 billion, a price-to-earnings ratio of 22.62, a price-to-earnings-growth ratio of 1.41 and a beta of 0.94.

Li Auto (NASDAQ:LI) last released its earnings results on Thursday, May 29th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.01). Li Auto had a return on equity of 11.83% and a net margin of 5.60%. The company had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.45 billion. During the same period last year, the firm posted $1.21 earnings per share. The company’s revenue was up 1.1% compared to the same quarter last year. As a group, equities analysts predict that Li Auto Inc. Sponsored ADR will post 0.96 earnings per share for the current fiscal year.

About Li Auto

Li Auto Inc operates in the energy vehicle market in the People's Republic of China. It designs, develops, manufactures, and sells premium smart electric vehicles. The company's product line comprises MPVs and sport utility vehicles. It offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment.