Li Auto Inc. Sponsored ADR $LI is RWC Asset Advisors US LLC’s 9th Largest Position

RWC Asset Advisors US LLC trimmed its stake in Li Auto Inc. Sponsored ADR (NASDAQ:LI) by 33.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 1,638,544 shares of the company’s stock after selling 811,371 shares during the period. Li Auto accounts for approximately 6.8% of RWC Asset Advisors US LLC’s portfolio, making the stock its 9th biggest position. RWC Asset Advisors US LLC’s holdings in Li Auto were worth $41,521,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LI. Tidal Investments LLC increased its position in shares of Li Auto by 1.0% during the second quarter. Tidal Investments LLC now owns 88,772 shares of the company’s stock worth $2,407,000 after purchasing an additional 856 shares in the last quarter. Corient Private Wealth LLC increased its position in Li Auto by 8.6% during the second quarter. Corient Private Wealth LLC now owns 11,955 shares of the company’s stock worth $324,000 after buying an additional 951 shares during the period. Elevation Point Wealth Partners LLC purchased a new stake in Li Auto in the second quarter valued at approximately $27,000. QRG Capital Management Inc. grew its position in shares of Li Auto by 7.8% during the second quarter. QRG Capital Management Inc. now owns 14,378 shares of the company’s stock worth $390,000 after acquiring an additional 1,035 shares during the last quarter. Finally, MAI Capital Management increased its holdings in shares of Li Auto by 2,236.0% in the 2nd quarter. MAI Capital Management now owns 1,168 shares of the company’s stock valued at $32,000 after acquiring an additional 1,118 shares during the period. 9.88% of the stock is owned by hedge funds and other institutional investors.

Li Auto Stock Up 2.3%

LI stock opened at $17.04 on Tuesday. The company has a current ratio of 1.80, a quick ratio of 1.67 and a debt-to-equity ratio of 0.05. The company’s 50-day moving average price is $17.87 and its 200 day moving average price 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 market cap of $17.44 billion, a P/E ratio of 29.38 and a beta of 0.56.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Li Auto in a research note on Monday, December 29th. Barclays decreased their price objective on Li Auto from $24.00 to $18.00 and set an “equal weight” rating for the company in a research report on Monday, December 1st. HSBC reissued a “hold” rating and issued a $18.60 target price (down previously from $30.30) on shares of Li Auto in a report on Wednesday, December 3rd. Zacks Research upgraded shares of Li Auto from a “strong sell” rating to a “hold” rating in a research report on Monday, September 29th. Finally, CLSA upgraded shares of Li Auto to a “strong-buy” rating in a research note on Monday, September 22nd. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, thirteen have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $21.75.

Li Auto 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.