Polymer Capital Management HK LTD Sells 83,960 Shares of Li Auto Inc. Sponsored ADR $LI

Polymer Capital Management HK LTD lessened its holdings in shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI) by 83.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,500 shares of the company’s stock after selling 83,960 shares during the quarter. Polymer Capital Management HK LTD’s holdings in Li Auto were worth $279,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of LI. Goldman Sachs Group Inc. increased its stake in Li Auto by 133.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,636,156 shares of the company’s stock valued at $66,431,000 after purchasing an additional 1,505,991 shares in the last quarter. Maxi Investments CY Ltd bought a new stake in Li Auto during the 3rd quarter valued at $16,040,000. SG Americas Securities LLC increased its stake in Li Auto by 324.2% during the 4th quarter. SG Americas Securities LLC now owns 342,025 shares of the company’s stock valued at $5,790,000 after purchasing an additional 261,389 shares in the last quarter. Credit Agricole S A bought a new stake in Li Auto during the 3rd quarter valued at $5,055,000. Finally, NINE MASTS CAPITAL Ltd bought a new stake in Li Auto during the 3rd quarter valued at $1,806,000. Institutional investors own 9.88% of the company’s stock.

Li Auto Stock Performance

NASDAQ LI opened at $14.30 on Friday. Li Auto Inc. Sponsored ADR has a 52-week low of $13.36 and a 52-week high of $32.03. The company has a 50-day simple moving average of $17.13 and a 200 day simple moving average of $17.33. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.75 and a current ratio of 1.88. The company has a market capitalization of $15.27 billion, a PE ratio of -51.07 and a beta of 0.57.

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on LI. 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. The Goldman Sachs Group lowered shares of Li Auto from a “buy” rating to a “neutral” rating and set a $19.00 price target for the company. in a research note on Tuesday, March 17th. Barclays decreased 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 research note on Friday, May 29th. HSBC decreased their price target on shares of Li Auto from $17.20 to $15.60 and set a “hold” rating for the company in a research note on Wednesday. Finally, Bank of America restated a “neutral” rating and set a $18.00 price target on shares of Li Auto in a research note on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price 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.