Stock Traders Purchase Large Volume of Call Options on Li Auto (NASDAQ:LI)

Li Auto Inc. Sponsored ADR (NASDAQ:LI) saw some unusual options trading activity on Wednesday. Stock investors bought 38,208 call options on the stock. This is an increase of approximately 95% compared to the typical volume of 19,642 call options.

Analyst Ratings Changes

Several analysts have weighed in on LI shares. Citigroup lowered their price target on Li Auto from $25.60 to $20.20 and set a “neutral” rating on the stock in a report on Friday, November 28th. China Renaissance reissued a “hold” rating and issued a $18.50 target price on shares of Li Auto in a research note on Monday, December 1st. Daiwa America upgraded Li Auto to a “strong-buy” rating in a research report on Wednesday, September 3rd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Li Auto in a research note on Monday. Finally, Barclays reduced their price objective on Li Auto from $24.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Monday, December 1st. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, thirteen have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, Li Auto has an average rating of “Hold” and an average target price of $21.66.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LI. Ovata Capital Management Ltd grew its holdings in shares of Li Auto by 107.1% during the third quarter. Ovata Capital Management Ltd now owns 29,000 shares of the company’s stock valued at $756,000 after buying an additional 15,000 shares during the last quarter. Tidal Investments LLC grew its stake in shares of Li Auto by 13.6% during the 3rd quarter. Tidal Investments LLC now owns 100,878 shares of the company’s stock valued at $2,556,000 after purchasing an additional 12,106 shares during the period. Maxi Investments CY Ltd purchased a new stake in Li Auto during the third quarter valued at approximately $16,040,000. Mercer Global Advisors Inc. ADV bought a new position in Li Auto in the 3rd quarter worth $227,000. Finally, Credit Agricole S A purchased a new stake in Li Auto in the 3rd quarter worth $5,055,000. 9.88% of the stock is owned by hedge funds and other institutional investors.

Li Auto Stock Down 2.0%

Shares of LI traded down $0.34 during mid-day trading on Wednesday, reaching $16.93. The company had a trading volume of 7,491,916 shares, compared to its average volume of 5,247,765. Li Auto has a 52 week low of $16.11 and a 52 week high of $33.12. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.67 and a current ratio of 1.80. The firm has a 50-day moving average price of $18.64 and a 200 day moving average price of $23.20. The company has a market capitalization of $17.73 billion, a price-to-earnings ratio of 29.19 and a beta of 0.50.

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.