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

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

Li Auto Trading Down 0.6%

Shares of LI opened at $15.78 on Thursday. The firm’s 50 day simple moving average is $17.85 and its 200 day simple moving average is $17.71. The company has a market capitalization of $16.85 billion, a P/E ratio of 121.39 and a beta of 0.63. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.81 and a quick ratio of 1.68. Li Auto has a 1-year low of $15.29 and a 1-year high of $32.03.

Institutional Trading of Li Auto

A number of hedge funds have recently made changes to their positions in the stock. Tidal Investments LLC lifted its holdings in shares of Li Auto by 1.0% during the 2nd 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 last quarter. Corient Private Wealth LLC lifted its holdings in shares of Li Auto by 8.6% during the 2nd quarter. Corient Private Wealth LLC now owns 11,955 shares of the company’s stock worth $324,000 after acquiring an additional 951 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings 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 worth $459,000 after acquiring an additional 1,121 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Li Auto by 0.7% during the 2nd quarter. Geode Capital Management LLC now owns 176,684 shares of the company’s stock worth $4,790,000 after acquiring an additional 1,230 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in shares of Li Auto by 6.4% during the 4th quarter. Advisors Asset Management Inc. now owns 26,996 shares of the company’s stock worth $457,000 after acquiring an additional 1,624 shares during the last quarter. 9.88% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Wall Street Zen raised shares of Li Auto from a “strong sell” rating to a “sell” rating in a report on Sunday, April 12th. Sanford C. Bernstein set a $19.00 price target on shares of Li Auto and gave the stock a “market perform” rating in a report on Friday, March 13th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Li Auto in a report on Friday, March 27th. JPMorgan Chase & Co. upped their price target on shares of Li Auto from $14.00 to $15.50 and gave the stock an “underweight” 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 price target on the stock. in a report on Tuesday, March 17th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $18.55.

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.