Li Auto Inc. Sponsored ADR $LI Holdings Increased by Advisors Asset Management Inc.

Advisors Asset Management Inc. lifted its stake in shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI) by 27.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,274 shares of the company’s stock after acquiring an additional 5,511 shares during the quarter. Advisors Asset Management Inc.’s holdings in Li Auto were worth $637,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in LI. Mirae Asset Global Investments Co. Ltd. boosted its stake in Li Auto by 459.3% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,923,620 shares of the company’s stock valued at $426,475,000 after purchasing an additional 13,897,555 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Li Auto in the first quarter valued at $41,076,000. Hhlr Advisors LTD. acquired a new stake in shares of Li Auto in the first quarter valued at $15,624,000. Myriad Asset Management US LP bought a new position in Li Auto during the first quarter valued at about $9,913,000. Finally, Tairen Capital Ltd bought a new position in Li Auto during the fourth quarter valued at about $8,435,000. 9.88% of the stock is currently owned by institutional investors and hedge funds.

Li Auto Price Performance

LI opened at $23.96 on Thursday. The firm has a market capitalization of $25.09 billion, a P/E ratio of 22.82 and a beta of 0.97. The stock has a fifty day moving average of $25.95 and a 200-day moving average of $26.43. The company has a quick ratio of 1.57, a current ratio of 1.73 and a debt-to-equity ratio of 0.03. Li Auto Inc. Sponsored ADR has a 12-month low of $18.65 and a 12-month high of $33.12.

Wall Street Analyst Weigh In

LI has been the topic of several research reports. Zacks Research cut shares of Li Auto from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 19th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $28.00 target price (down from $33.00) on shares of Li Auto in a report on Thursday, August 14th. Cfra Research raised shares of Li Auto from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 10th. Daiwa America upgraded shares of Li Auto to a “strong-buy” rating in a report on Wednesday, September 3rd. Finally, Barclays dropped their price target on Li Auto from $31.00 to $24.00 and set an “equal weight” rating on the stock in a report on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eight have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, Li Auto presently has a consensus rating of “Reduce” and a consensus target price of $26.26.

Li Auto Profile

Li Auto Inc operates in the energy vehicle market in the People's Republic of China. It designs, develops, manufactures, and sells premium smart electric vehicles. The company's product line comprises MPVs and sport utility vehicles. It offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment.