Li Auto Inc. Sponsored ADR $LI Shares Sold by Xiamen Xinweidachuang Investment Partnership Limited Partnership

Xiamen Xinweidachuang Investment Partnership Limited Partnership reduced its position in shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI) by 3.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,926,165 shares of the company’s stock after selling 191,000 shares during the period. Li Auto accounts for about 100.0% of Xiamen Xinweidachuang Investment Partnership Limited Partnership’s investment portfolio, making the stock its largest position. Xiamen Xinweidachuang Investment Partnership Limited Partnership owned about 0.47% of Li Auto worth $124,829,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Goldman Sachs Group Inc. lifted its stake in shares of Li Auto by 133.3% during the first quarter. Goldman Sachs Group Inc. now owns 2,636,156 shares of the company’s stock valued at $66,431,000 after buying an additional 1,505,991 shares during the period. American Century Companies Inc. raised its holdings in Li Auto by 12.6% in the 2nd quarter. American Century Companies Inc. now owns 1,295,444 shares of the company’s stock valued at $35,119,000 after acquiring an additional 144,625 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of Li Auto during the 2nd quarter worth $30,055,000. LMR Partners LLP lifted its stake in shares of Li Auto by 2,697.4% during the 2nd quarter. LMR Partners LLP now owns 675,500 shares of the company’s stock worth $18,313,000 after purchasing an additional 651,353 shares during the period. Finally, Ariose Capital Management Ltd boosted its holdings in shares of Li Auto by 67.3% during the second quarter. Ariose Capital Management Ltd now owns 358,086 shares of the company’s stock worth $9,708,000 after purchasing an additional 143,986 shares during the last quarter. 9.88% of the stock is currently owned by hedge funds and other institutional investors.

Li Auto Price Performance

Li Auto stock opened at $16.64 on Wednesday. The company has a quick ratio of 1.67, a current ratio of 1.80 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $17.84 billion, a P/E ratio of 28.69 and a beta of 0.56. The firm has a fifty day moving average of $17.80 and a 200-day moving average of $22.47. Li Auto Inc. Sponsored ADR has a 52-week low of $16.11 and a 52-week high of $33.12.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Hsbc Global Res downgraded Li Auto from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 4th. Piper Sandler raised their target price on shares of Li Auto from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Citigroup dropped their price target on shares of Li Auto from $25.60 to $20.20 and set a “neutral” rating for the company in a research report on Friday, November 28th. CLSA upgraded shares of Li Auto to a “strong-buy” rating in a report on Monday, September 22nd. Finally, HSBC restated a “hold” rating and set a $18.60 price objective (down from $30.30) on shares of Li Auto in a report on Wednesday, December 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, thirteen have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $21.75.

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.