Xiamen Xinweidachuang Investment Partnership Limited Partnership Takes Position in Li Auto Inc. Sponsored ADR $LI

Xiamen Xinweidachuang Investment Partnership Limited Partnership purchased a new stake in Li Auto Inc. Sponsored ADR (NASDAQ:LI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,926,165 shares of the company’s stock, valued at approximately $57,833,177. Li Auto accounts for about 0.1% of Xiamen Xinweidachuang Investment Partnership Limited Partnership’s holdings, making the stock its biggest position. Xiamen Xinweidachuang Investment Partnership Limited Partnership owned 0.46% of Li Auto as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of LI. Farther Finance Advisors LLC grew its holdings in shares of Li Auto by 312.3% during the fourth quarter. Farther Finance Advisors LLC now owns 1,674 shares of the company’s stock worth $28,000 after purchasing an additional 1,268 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in 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 buying an additional 1,762 shares during the last quarter. DV Equities LLC purchased a new position in Li Auto during the fourth quarter valued at $72,000. Parallel Advisors LLC lifted its position in shares of Li Auto by 530.5% during the first quarter. Parallel Advisors LLC now owns 8,915 shares of the company’s stock worth $159,000 after purchasing an additional 7,501 shares during the last quarter. Finally, Alpine Global Management LLC acquired a new position in shares of Li Auto during the fourth quarter worth $175,000. Institutional investors and hedge funds own 9.88% of the company’s stock.

Analyst Upgrades and Downgrades

LI has been the topic of a number of recent research reports. Piper Sandler cut their price target on shares of Li Auto from $15.00 to $13.00 and set a “neutral” rating on the stock in a research note on Thursday. Bank of America restated a “neutral” rating and set a $18.00 price target on shares of Li Auto in a report on Thursday, May 28th. HSBC cut their target price on Li Auto from $17.20 to $15.60 and set a “hold” rating for the company in a research report on Wednesday, June 10th. Weiss Ratings reiterated a “sell (d)” rating on shares of Li Auto in a research note on Wednesday. Finally, Barclays dropped their price objective on shares of Li Auto from $18.00 to $14.00 and set an “equal weight” rating for the company in a research note on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Li Auto presently has an average rating of “Hold” and an average target price of $16.28.

Li Auto Stock Down 0.2%

Shares of LI traded down $0.03 during trading hours on Friday, hitting $12.15. The company had a trading volume of 1,097,613 shares, compared to its average volume of 3,761,106. Li Auto Inc. Sponsored ADR has a one year low of $11.65 and a one year 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. The company has a market capitalization of $13.02 billion, a PE ratio of -18.13 and a beta of 0.55. The company’s fifty day moving average price is $12.50 and its two-hundred day moving average price is $15.61.

Li Auto (NASDAQ:LI) last issued its quarterly earnings data on Friday, August 14th. The company reported ($0.22) earnings per share (EPS) for the quarter. Li Auto had a negative net margin of 4.44% and a negative return on equity of 6.49%. The company had revenue of $3.78 billion during the quarter. As a group, equities analysts forecast that Li Auto Inc. Sponsored ADR will post -0.12 earnings per share for the current fiscal year.

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.