Li Auto Inc. Sponsored ADR $LI Shares Sold by RWC Asset Advisors US LLC

RWC Asset Advisors US LLC lessened its holdings in shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI) by 33.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,638,544 shares of the company’s stock after selling 811,371 shares during the quarter. Li Auto makes up about 6.8% of RWC Asset Advisors US LLC’s portfolio, making the stock its 9th biggest holding. RWC Asset Advisors US LLC owned approximately 0.16% of Li Auto worth $41,521,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of LI. Tidal Investments LLC increased its stake in shares of Li Auto by 1.0% in 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 raised its position in Li Auto by 8.6% in the second quarter. Corient Private Wealth LLC now owns 11,955 shares of the company’s stock valued at $324,000 after purchasing an additional 951 shares during the period. Elevation Point Wealth Partners LLC acquired a new position in shares of Li Auto in the 2nd quarter valued at $27,000. QRG Capital Management Inc. grew its holdings in shares of Li Auto by 7.8% during the 2nd quarter. QRG Capital Management Inc. now owns 14,378 shares of the company’s stock worth $390,000 after purchasing an additional 1,035 shares during the period. Finally, MAI Capital Management increased its position in shares of Li Auto by 2,236.0% during the 2nd quarter. MAI Capital Management now owns 1,168 shares of the company’s stock worth $32,000 after purchasing an additional 1,118 shares during the last quarter. Institutional investors and hedge funds own 9.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on LI shares. Citigroup lowered their target price on shares of Li Auto from $25.60 to $20.20 and set a “neutral” rating for the company in a research note on Friday, November 28th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $27.00 price objective on shares of Li Auto in a research report on Monday, December 1st. Hsbc Global Res downgraded shares of Li Auto from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 4th. Piper Sandler boosted their price objective on Li Auto from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Barclays lowered their target price on Li Auto from $24.00 to $18.00 and set an “equal weight” rating for the company in a report on Monday, December 1st. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, thirteen have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, Li Auto presently has an average rating of “Hold” and an average target price of $21.75.

Li Auto Trading Up 2.3%

Shares of NASDAQ:LI opened at $17.04 on Tuesday. The company has a market cap of $17.44 billion, a PE ratio of 29.38 and a beta of 0.56. The company’s 50 day moving average is $17.87 and its two-hundred day moving average is $22.54. Li Auto Inc. Sponsored ADR has a 52 week low of $16.11 and a 52 week high of $33.12. The company has a current ratio of 1.80, a quick ratio of 1.67 and a debt-to-equity ratio of 0.05.

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.