Stock Traders Buy Large Volume of Li Auto Put Options (NASDAQ:LI)

Li Auto Inc. Sponsored ADR (NASDAQ:LI) was the recipient of unusually large options trading on Monday. Stock traders bought 15,895 put options on the company. This represents an increase of approximately 109% compared to the typical daily volume of 7,611 put options.

Li Auto Stock Performance

Shares of NASDAQ:LI traded up $0.28 during trading on Monday, reaching $11.78. The stock had a trading volume of 2,269,977 shares, compared to its average volume of 3,674,820. Li Auto has a 52 week low of $11.43 and a 52 week high of $26.50. The firm has a market capitalization of $11.62 billion, a price-to-earnings ratio of -17.57 and a beta of 0.55. The company has a quick ratio of 1.65, a current ratio of 1.81 and a debt-to-equity ratio of 0.11. The stock has a fifty day simple moving average of $12.37 and a two-hundred day simple moving average of $14.70.

Li Auto (NASDAQ:LI) last issued its quarterly earnings data on Friday, July 31st. The company reported ($0.22) earnings per share for the quarter. The firm had revenue of $3.78 billion during the quarter. Li Auto had a negative return on equity of 6.58% and a negative net margin of 4.44%. As a group, analysts anticipate that Li Auto will post -0.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Li Auto

A number of hedge funds have recently bought and sold shares of the company. QRG Capital Management Inc. lifted its position in shares of Li Auto by 10.5% during the 2nd quarter. QRG Capital Management Inc. now owns 17,003 shares of the company’s stock worth $200,000 after purchasing an additional 1,615 shares during the last quarter. Tidal Investments LLC boosted its stake in Li Auto by 10.7% during the 2nd quarter. Tidal Investments LLC now owns 47,986 shares of the company’s stock valued at $563,000 after purchasing an additional 4,650 shares during the period. WINTON GROUP Ltd acquired a new stake in Li Auto in the 2nd quarter valued at approximately $470,000. Engineers Gate Manager LP acquired a new stake in Li Auto in the 2nd quarter valued at approximately $500,000. Finally, Nykredit A S bought a new position in Li Auto in the 2nd quarter worth approximately $816,000. 9.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on LI. Wall Street Zen downgraded shares of Li Auto from a “sell” rating to a “strong sell” rating in a research report on Sunday, September 6th. Weiss Ratings restated a “sell (d)” rating on shares of Li Auto in a report on Wednesday, August 26th. HSBC reduced their price objective on shares of Li Auto from $17.20 to $15.60 and set a “hold” rating for the company in a research note on Wednesday, June 10th. Sanford C. Bernstein reissued a “market perform” rating and set a $14.50 target price on shares of Li Auto in a research report on Wednesday, August 26th. Finally, Zacks Research lowered Li Auto from a “hold” rating to a “strong sell” rating in a report on Friday, August 28th. Ten research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Li Auto presently has a consensus rating of “Reduce” and a consensus price target of $16.28.

About Li Auto

Li Auto Inc (NASDAQ: LI) is a Chinese new energy vehicle manufacturer that develops, manufactures and sells smart electric vehicles. The company has focused primarily on family-oriented vehicles, combining battery-electric powertrains with extended-range electric vehicle technology designed to provide additional driving range through an onboard engine-generator.

Li Auto’s product portfolio has included the Li ONE and the Li L-series of premium sport utility vehicles, including the L6, L7, L8 and L9.