Barometer Capital Management Inc. Buys Shares of 86,800 Li Auto Inc. Sponsored ADR $LI

Barometer Capital Management Inc. purchased a new position in Li Auto Inc. Sponsored ADR (NASDAQ:LI) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 86,800 shares of the company’s stock, valued at approximately $1,548,000.

Several other large investors have also recently bought and sold shares of LI. Tidal Investments LLC raised its position in shares of Li Auto by 1.0% in the second quarter. Tidal Investments LLC now owns 88,772 shares of the company’s stock worth $2,407,000 after buying an additional 856 shares in the last quarter. Corient Private Wealth LLC raised its holdings in shares of 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 acquiring an additional 951 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of Li Auto by 4.3% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 27,113 shares of the company’s stock valued at $459,000 after acquiring an additional 1,121 shares during the last quarter. Ballentine Partners LLC raised its stake in Li Auto by 9.6% in 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 in the last quarter. Finally, Geode Capital Management LLC lifted its position 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. 9.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on LI. Zacks Research raised shares of Li Auto from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 15th. BNP Paribas Exane upgraded Li Auto from an “underperform” rating to a “neutral” rating in a research report on Wednesday, April 22nd. Barclays dropped their price target on 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. Weiss Ratings lowered Li Auto from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 29th. Finally, Wall Street Zen raised Li Auto from a “strong sell” rating to a “sell” rating in a report on Sunday, April 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $17.30.

Li Auto Trading Down 1.3%

NASDAQ:LI opened at $12.21 on Wednesday. The company has a fifty day moving average of $13.97 and a 200 day moving average of $16.40. Li Auto Inc. Sponsored ADR has a 52 week low of $11.65 and a 52 week high of $31.10. The company has a quick ratio of 1.75, a current ratio of 1.88 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $13.08 billion, a P/E ratio of -43.61 and a beta of 0.56.

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