Xiamen Xinweidachuang Investment Partnership Limited Partnership Invests $57.83 Billion in Li Auto Inc. Sponsored ADR $LI

Xiamen Xinweidachuang Investment Partnership Limited Partnership bought a new position in Li Auto Inc. Sponsored ADR (NASDAQ:LI) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 4,926,165 shares of the company’s stock, valued at approximately $57,833,177,000. Li Auto comprises 100.0% of Xiamen Xinweidachuang Investment Partnership Limited Partnership’s portfolio, making the stock its largest holding.

Several other large investors have also added to or reduced their stakes in the business. Farther Finance Advisors LLC boosted its stake in Li Auto by 312.3% during 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 last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Li Auto by 157.9% in 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 last quarter. DV Equities LLC purchased a new stake in shares of Li Auto in the fourth quarter worth approximately $72,000. Parallel Advisors LLC lifted its holdings in shares of 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 purchasing an additional 7,501 shares in the last quarter. Finally, Alpine Global Management LLC bought a new position in shares of Li Auto in the fourth quarter valued at approximately $175,000. Institutional investors own 9.88% of the company’s stock.

Li Auto Stock Performance

Shares of Li Auto stock opened at $12.71 on Thursday. The business’s fifty day simple moving average is $12.66 and its 200 day simple moving average is $15.82. The firm has a market capitalization of $13.62 billion, a P/E ratio of -45.39 and a beta of 0.55. Li Auto Inc. Sponsored ADR has a 12 month low of $11.65 and a 12 month high of $27.10. The company has a current ratio of 1.88, a quick ratio of 1.75 and a debt-to-equity ratio of 0.06.

Li Auto (NASDAQ:LI) last announced its earnings results on Friday, May 15th. The company reported ($0.15) earnings per share (EPS) for the quarter. The business had revenue of $3.33 billion for the quarter. Li Auto had a negative net margin of 1.72% and a negative return on equity of 2.58%. As a group, analysts anticipate that Li Auto Inc. Sponsored ADR will post -0.12 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on LI shares. Weiss Ratings cut Li Auto from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 29th. Barclays lowered their price target on Li Auto from $18.00 to $14.00 and set an “equal weight” rating for the company in a research report on Friday, May 29th. HSBC cut their price objective on shares of Li Auto from $17.20 to $15.60 and set a “hold” rating on the stock in a report on Wednesday, June 10th. Bank of America reiterated a “neutral” rating and issued a $18.00 target price on shares of Li Auto in a research note on Thursday, May 28th. Finally, Zacks Research upgraded shares of Li Auto from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $17.24.

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.