Headlands Technologies LLC Takes Position in Li Auto Inc. Sponsored ADR $LI

Headlands Technologies LLC bought a new position in shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 96,527 shares of the company’s stock, valued at approximately $1,133,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LI. Goldman Sachs Group Inc. raised its stake in shares of Li Auto by 133.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,636,156 shares of the company’s stock worth $66,431,000 after purchasing an additional 1,505,991 shares during the period. Empowered Funds LLC bought a new stake in Li Auto in the first quarter worth about $506,000. Geode Capital Management LLC lifted its stake in Li Auto by 0.7% in the second quarter. Geode Capital Management LLC now owns 176,684 shares of the company’s stock valued at $4,790,000 after purchasing an additional 1,230 shares during the last quarter. Quantinno Capital Management LP lifted its position in shares of Li Auto by 22.0% during the 2nd quarter. Quantinno Capital Management LP now owns 35,076 shares of the company’s stock valued at $951,000 after buying an additional 6,331 shares during the last quarter. Finally, Boothbay Fund Management LLC boosted its position in Li Auto by 320.1% during the second quarter. Boothbay Fund Management LLC now owns 37,486 shares of the company’s stock worth $1,016,000 after purchasing an additional 28,563 shares during the period. Hedge funds and other institutional investors own 9.88% of the company’s stock.

Li Auto Price Performance

Shares of Li Auto stock opened at $12.10 on Tuesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.81 and a quick ratio of 1.65. The business’s 50 day simple moving average is $12.46 and its two-hundred day simple moving average is $15.52. The stock has a market capitalization of $12.96 billion, a P/E ratio of -18.06 and a beta of 0.55. Li Auto Inc. Sponsored ADR has a one year low of $11.65 and a one year high of $27.10.

Li Auto (NASDAQ:LI) last posted its quarterly earnings results on Friday, August 14th. The company reported ($0.22) EPS for the quarter. The firm had revenue of $3.78 billion for the quarter. Li Auto had a negative net margin of 4.44% and a negative return on equity of 6.58%. Analysts forecast that Li Auto Inc. Sponsored ADR will post -0.13 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on LI shares. Bank of America reaffirmed a “neutral” rating and issued a $18.00 price target on shares of Li Auto in a report on Thursday, May 28th. Zacks Research raised shares of Li Auto from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 15th. Barclays decreased 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. Wall Street Zen raised shares of Li Auto from a “strong sell” rating to a “sell” rating in a report on Saturday. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $14.50 price target on shares of Li Auto in a report on Wednesday, August 26th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Li Auto presently has a consensus rating of “Hold” and a consensus target price of $16.28.

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.