Xiamen Xinweidachuang Investment Partnership Limited Partnership Purchases Shares of 4,926,165 Li Auto Inc. Sponsored ADR $LI

Xiamen Xinweidachuang Investment Partnership Limited Partnership purchased a new position in shares of Li Auto Inc. Sponsored ADR (NASDAQ:LIFree Report) in the second quarter, according to its most recent filing with the SEC. The firm purchased 4,926,165 shares of the company’s stock, valued at approximately $57,833,177,000. Li Auto accounts for 100.0% of Xiamen Xinweidachuang Investment Partnership Limited Partnership’s portfolio, making the stock its largest holding. Xiamen Xinweidachuang Investment Partnership Limited Partnership owned 0.46% of Li Auto as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Farther Finance Advisors LLC lifted its stake in shares of Li Auto by 312.3% in the 4th quarter. Farther Finance Advisors LLC now owns 1,674 shares of the company’s stock valued at $28,000 after purchasing an additional 1,268 shares during the period. EverSource Wealth Advisors LLC grew its stake in Li Auto by 157.9% during the first quarter. EverSource Wealth Advisors LLC now owns 2,878 shares of the company’s stock worth $51,000 after purchasing an additional 1,762 shares during the period. DV Equities LLC bought a new stake in Li Auto in the fourth quarter worth approximately $72,000. Limestone Investment Advisors LP bought a new stake in Li Auto in the third quarter worth approximately $222,000. Finally, Parallel Advisors LLC lifted its stake in Li Auto by 530.5% in the first quarter. Parallel Advisors LLC now owns 8,915 shares of the company’s stock valued at $159,000 after buying an additional 7,501 shares during the period. 9.88% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on LI. HSBC cut their price target on Li Auto from $17.20 to $15.60 and set a “hold” rating on the stock in a report on Wednesday, June 10th. Zacks Research upgraded shares of Li Auto from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 15th. BNP Paribas Exane raised shares of Li Auto from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 22nd. Weiss Ratings lowered shares of Li Auto from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 29th. Finally, Bank of America restated a “neutral” rating and issued a $18.00 price target on shares of Li Auto in a report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $17.24.

Get Our Latest Report on Li Auto

Li Auto Stock Up 4.9%

Shares of NASDAQ:LI opened at $12.71 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.75 and a current ratio of 1.88. Li Auto Inc. Sponsored ADR has a 52-week low of $11.65 and a 52-week high of $27.10. The business’s 50 day simple moving average is $12.66 and its two-hundred day simple moving average is $15.82. The firm has a market cap of $13.62 billion, a P/E ratio of -45.39 and a beta of 0.55.

Li Auto (NASDAQ:LIGet Free Report) last released its quarterly earnings data on Friday, May 15th. The company reported ($0.15) EPS for the quarter. Li Auto had a negative net margin of 1.72% and a negative return on equity of 2.58%. The firm had revenue of $3.33 billion for the quarter. As a group, research analysts forecast that Li Auto Inc. Sponsored ADR will post -0.12 EPS for the current fiscal year.

Li Auto Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Li Auto (NASDAQ:LI)

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