Polymer Capital Management HK LTD Decreases Holdings in Li Auto Inc. Sponsored ADR $LI

Polymer Capital Management HK LTD lessened its stake in shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI) by 83.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,500 shares of the company’s stock after selling 83,960 shares during the period. 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 large investors have also added to or reduced their stakes in the stock. Tidal Investments LLC lifted its holdings in Li Auto by 1.0% during the second quarter. Tidal Investments LLC now owns 88,772 shares of the company’s stock valued at $2,407,000 after purchasing an additional 856 shares during the last quarter. Aberdeen Group plc lifted its holdings in Li Auto by 3.1% during the third quarter. Aberdeen Group plc now owns 28,842 shares of the company’s stock valued at $731,000 after purchasing an additional 872 shares during the last quarter. Corient Private Wealth LLC lifted its holdings in Li Auto by 8.6% during 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 during the last quarter. Ballentine Partners LLC lifted its holdings 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 lifted its holdings in Li Auto by 0.7% during 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. Hedge funds and other institutional investors own 9.88% of the company’s stock.

Li Auto Stock Up 3.8%

Shares of NASDAQ LI opened at $14.30 on Friday. Li Auto Inc. Sponsored ADR has a one year low of $13.36 and a one year high of $32.03. 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 firm’s 50 day simple moving average is $17.13 and its two-hundred day simple moving average is $17.33. The stock has a market capitalization of $15.27 billion, a P/E ratio of -51.07 and a beta of 0.57.

Li Auto (NASDAQ:LI) last issued its quarterly earnings results on Friday, May 15th. The company reported ($0.15) EPS for the quarter. Li Auto had a negative net margin of 1.72% and a negative return on equity of 2.58%. The business had revenue of $3.33 billion for the quarter. As a group, analysts expect that Li Auto Inc. Sponsored ADR will post -0.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on LI shares. BNP Paribas Exane raised shares of Li Auto from an “underperform” rating to a “neutral” rating in a report on Wednesday, April 22nd. HSBC lowered their price target on shares of Li Auto from $17.20 to $15.60 and set a “hold” rating on the stock in a report on Wednesday. Weiss Ratings lowered shares of Li Auto from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 29th. Piper Sandler raised shares of Li Auto from a “neutral” rating to an “outperform” rating in a report on Friday, March 13th. Finally, The Goldman Sachs Group cut shares of Li Auto from a “buy” rating to a “neutral” rating and set a $19.00 target price on the stock. in a research note on Tuesday, March 17th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, Li Auto presently has an average rating of “Reduce” and an average price target 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.