Optiver Holding B.V. Sells 38,692 Shares of Li Auto Inc. Sponsored ADR $LI

Optiver Holding B.V. lowered its holdings in Li Auto Inc. Sponsored ADR (NASDAQ:LI) by 41.3% during the 1st quarter, HoldingsChannel.com reports. The fund owned 54,921 shares of the company’s stock after selling 38,692 shares during the quarter. Optiver Holding B.V.’s holdings in Li Auto were worth $964,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Tidal Investments LLC grew its holdings in shares of Li Auto by 1.0% during the second quarter. Tidal Investments LLC now owns 88,772 shares of the company’s stock worth $2,407,000 after purchasing an additional 856 shares in the last quarter. Corient Private Wealth LLC raised its stake in Li Auto by 8.6% in the second quarter. Corient Private Wealth LLC now owns 11,955 shares of the company’s stock valued at $324,000 after purchasing an additional 951 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in Li Auto by 4.3% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 27,113 shares of the company’s stock valued at $459,000 after purchasing an additional 1,121 shares during the last quarter. Ballentine Partners LLC lifted its position in Li Auto by 9.6% during the fourth quarter. Ballentine Partners LLC now owns 13,786 shares of the company’s stock valued at $233,000 after purchasing an additional 1,208 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Li Auto by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 176,684 shares of the company’s stock worth $4,790,000 after buying an additional 1,230 shares in the last quarter. Institutional investors own 9.88% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on LI. Wall Street Zen raised shares of Li Auto from a “strong sell” rating to a “sell” rating in a report on Sunday, April 12th. Bank of America reaffirmed a “neutral” rating and set a $18.00 price objective on shares of Li Auto in a report on Thursday, May 28th. BNP Paribas Exane upgraded shares of Li Auto from an “underperform” rating to a “neutral” rating in a research report on Wednesday, April 22nd. HSBC reduced their target price on Li Auto from $17.20 to $15.60 and set a “hold” rating on the stock in a research note on Wednesday, June 10th. Finally, Zacks Research upgraded Li Auto from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $17.30.

Li Auto Stock Up 1.0%

Shares of LI opened at $13.63 on Friday. Li Auto Inc. Sponsored ADR has a 1 year low of $11.65 and a 1 year high of $27.10. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.88 and a quick ratio of 1.75. The stock has a 50 day simple moving average of $13.26 and a two-hundred day simple moving average of $16.18. The firm has a market cap of $14.60 billion, a P/E ratio of -48.68 and a beta of 0.56.

Li Auto (NASDAQ:LI) last posted its quarterly earnings results on Friday, May 15th. The company reported ($0.15) EPS for the quarter. The business had revenue of $3.33 billion for the quarter. Li Auto had a negative return on equity of 2.58% and a negative net margin of 1.72%. On average, analysts forecast that Li Auto Inc. Sponsored ADR will post -0.08 earnings per share for the current fiscal year.

About Li Auto

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.