Li Auto (NASDAQ:LI) Posts Quarterly Earnings Results, Misses Expectations By $0.06 EPS

Li Auto (NASDAQ:LI) issued its quarterly earnings data on Thursday. The company reported ($0.33) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.06), Zacks reports. Li Auto had a net margin of 0.99% and a return on equity of 1.52%.

Li Auto Stock Down 0.6%

LI stock opened at $15.78 on Thursday. The firm has a market cap of $16.85 billion, a PE ratio of 121.39 and a beta of 0.63. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.68 and a current ratio of 1.81. The firm’s 50 day moving average price is $17.85 and its 200-day moving average price is $17.71. Li Auto has a one year low of $15.29 and a one year high of $32.03.

Institutional Trading of Li Auto

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LI. Tidal Investments LLC increased its position 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 acquiring an additional 856 shares during the period. Corient Private Wealth LLC raised its position in Li Auto by 8.6% in the 2nd 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 raised its position in Li Auto by 4.3% in the 4th 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 in the last quarter. Geode Capital Management LLC raised its position in Li Auto by 0.7% in the 2nd 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 in the last quarter. Finally, Advisors Asset Management Inc. raised its position in Li Auto by 6.4% in the 4th quarter. Advisors Asset Management Inc. now owns 26,996 shares of the company’s stock valued at $457,000 after purchasing an additional 1,624 shares in the last quarter. Hedge funds and other institutional investors own 9.88% of the company’s stock.

Analysts Set New Price Targets

LI has been the topic of several research reports. JPMorgan Chase & Co. upped their target price on Li Auto from $14.00 to $15.50 and gave the company an “underweight” rating in a research report on Friday, March 13th. Weiss Ratings restated a “sell (d+)” rating on shares of Li Auto in a research report on Friday, March 27th. Wall Street Zen upgraded Li Auto from a “strong sell” rating to a “sell” rating in a research report on Sunday, April 12th. The Goldman Sachs Group cut Li Auto from a “buy” rating to a “neutral” rating and set a $19.00 target price on the stock. in a research report on Tuesday, March 17th. Finally, BNP Paribas Exane upgraded Li Auto from an “underperform” rating to a “neutral” rating in a research report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Li Auto currently has an average rating of “Hold” and an average target price of $18.55.

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.