PNC Financial Services Group Inc. Purchases 538 Shares of Li Auto Inc. Sponsored ADR $LI

PNC Financial Services Group Inc. boosted its position in Li Auto Inc. Sponsored ADR (NASDAQ:LI) by 9.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,134 shares of the company’s stock after buying an additional 538 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Li Auto were worth $155,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC grew its holdings in shares of Li Auto by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 177,767 shares of the company’s stock valued at $4,265,000 after acquiring an additional 1,560 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Li Auto in the 4th quarter valued at about $544,000. First Trust Advisors LP grew its holdings in shares of Li Auto by 15.2% in the 4th quarter. First Trust Advisors LP now owns 10,014 shares of the company’s stock valued at $240,000 after acquiring an additional 1,324 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Li Auto in the 4th quarter valued at about $335,000. Finally, SIH Partners LLLP grew its holdings in shares of Li Auto by 4.2% in the 4th quarter. SIH Partners LLLP now owns 501,730 shares of the company’s stock valued at $12,037,000 after acquiring an additional 20,450 shares in the last quarter. Institutional investors own 9.88% of the company’s stock.

Li Auto Trading Down 0.6%

Li Auto stock opened at $24.05 on Tuesday. Li Auto Inc. Sponsored ADR has a 52 week low of $17.44 and a 52 week high of $33.12. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.72 and a current ratio of 1.87. The stock has a market capitalization of $25.18 billion, a P/E ratio of 22.90, a PEG ratio of 1.37 and a beta of 0.94. The stock has a 50-day simple moving average of $27.25 and a 200 day simple moving average of $26.64.

Li Auto (NASDAQ:LI) last posted its quarterly earnings results on Thursday, May 29th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). Li Auto had a return on equity of 11.83% and a net margin of 5.60%. The business had revenue of $3.53 billion for the quarter, compared to the consensus estimate of $3.45 billion. During the same quarter in the previous year, the business posted $1.21 EPS. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. Analysts expect that Li Auto Inc. Sponsored ADR will post 0.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Cfra Research upgraded Li Auto from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 10th. BNP Paribas Exane assumed coverage on Li Auto in a report on Monday. They issued an “underperform” rating and a $18.00 price objective for the company. JPMorgan Chase & Co. restated a “neutral” rating and issued a $28.00 price objective (down previously from $33.00) on shares of Li Auto in a report on Thursday, August 14th. Finally, BNP Paribas assumed coverage on Li Auto in a report on Monday. They issued an “underperform” rating for the company. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $29.01.

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.