Barometer Capital Management Inc. Purchases New Shares in Li Auto Inc. Sponsored ADR $LI

Barometer Capital Management Inc. acquired a new stake in shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI) during the first quarter, HoldingsChannel reports. The fund acquired 86,800 shares of the company’s stock, valued at approximately $1,548,000.

Other institutional investors have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted 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 valued at $66,431,000 after purchasing an additional 1,505,991 shares in the last quarter. Empowered Funds LLC purchased a new stake in Li Auto in the first quarter worth about $506,000. Geode Capital Management LLC lifted its holdings in Li Auto by 0.7% in the second quarter. Geode Capital Management LLC now owns 176,684 shares of the company’s stock worth $4,790,000 after buying an additional 1,230 shares during the period. Quantinno Capital Management LP grew its holdings 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 worth $951,000 after acquiring an additional 6,331 shares during the period. Finally, Boothbay Fund Management LLC raised its position in shares of Li Auto by 320.1% in the 2nd quarter. Boothbay Fund Management LLC now owns 37,486 shares of the company’s stock worth $1,016,000 after acquiring an additional 28,563 shares in the last quarter. 9.88% of the stock is currently owned by institutional investors.

Li Auto Price Performance

Shares of LI opened at $12.21 on Wednesday. The firm has a fifty day simple moving average of $13.97 and a two-hundred day simple moving average of $16.40. The firm has a market cap of $13.08 billion, a PE ratio of -43.61 and a beta of 0.56. The company has a current ratio of 1.88, a quick ratio of 1.75 and a debt-to-equity ratio of 0.06. Li Auto Inc. Sponsored ADR has a 1-year low of $11.65 and a 1-year high of $31.10.

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

Wall Street Analyst Weigh In

LI has been the topic of several research reports. Weiss Ratings lowered Li Auto from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 29th. Zacks Research raised shares of Li Auto from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 15th. Barclays dropped their price target on Li Auto from $18.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Friday, May 29th. HSBC reduced their price objective on Li Auto from $17.20 to $15.60 and set a “hold” rating for the company in a research report on Wednesday, June 10th. Finally, BNP Paribas Exane upgraded Li Auto from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Li Auto presently has a consensus rating of “Hold” and a consensus 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.