Bayforest Capital Ltd Trims Holdings in Li Auto Inc. Sponsored ADR $LI

Bayforest Capital Ltd decreased its stake in shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI) by 76.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,209 shares of the company’s stock after selling 7,231 shares during the quarter. Bayforest Capital Ltd’s holdings in Li Auto were worth $56,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LI. SVB Wealth LLC purchased a new stake in Li Auto in the first quarter valued at $33,000. Summit Securities Group LLC purchased a new stake in Li Auto in the first quarter valued at $50,000. CX Institutional purchased a new stake in Li Auto in the first quarter valued at $72,000. Brooklyn Investment Group raised its position in Li Auto by 1,077.3% in the first quarter. Brooklyn Investment Group now owns 4,980 shares of the company’s stock valued at $125,000 after purchasing an additional 4,557 shares during the period. Finally, Halbert Hargrove Global Advisors LLC purchased a new stake in Li Auto in the first quarter valued at $126,000. Hedge funds and other institutional investors own 9.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on LI. BNP Paribas began coverage on Li Auto in a research report on Monday, August 18th. They issued a “strong sell” rating on the stock. Macquarie downgraded Li Auto from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $28.00 to $21.00 in a research report on Friday, August 22nd. Wall Street Zen downgraded Li Auto from a “hold” rating to a “sell” rating in a research report on Saturday, August 30th. Barclays reduced their target price on Li Auto from $31.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 28th. Finally, Dbs Bank downgraded Li Auto from a “moderate buy” rating to a “hold” rating in a research report on Friday, August 29th. 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 given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $26.26.

Li Auto Trading Up 0.5%

LI opened at $24.48 on Friday. Li Auto Inc. Sponsored ADR has a 12 month low of $18.65 and a 12 month high of $33.12. The stock has a market capitalization of $25.63 billion, a price-to-earnings ratio of 23.31 and a beta of 0.97. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.73 and a quick ratio of 1.57. The business has a fifty day moving average price of $25.88 and a 200 day moving average price of $26.33.

Li Auto Company 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.