Li Auto Inc. Sponsored ADR $LI Shares Sold by Signaturefd LLC

Signaturefd LLC decreased its position in Li Auto Inc. Sponsored ADR (NASDAQ:LI) by 4.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,574 shares of the company’s stock after selling 484 shares during the quarter. Signaturefd LLC’s holdings in Li Auto were worth $260,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in LI. SVB Wealth LLC acquired a new position in shares of Li Auto in the 1st quarter worth approximately $33,000. Summit Securities Group LLC acquired a new position in shares of Li Auto in the 1st quarter worth approximately $50,000. CX Institutional acquired a new position in Li Auto during the 1st quarter valued at approximately $72,000. Brooklyn Investment Group boosted its position in Li Auto by 1,077.3% during the 1st 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 acquired a new position in Li Auto during the 1st quarter valued at approximately $126,000. Institutional investors and hedge funds own 9.88% of the company’s stock.

Li Auto Trading Up 1.3%

Shares of LI stock opened at $25.83 on Friday. Li Auto Inc. Sponsored ADR has a 1 year low of $19.10 and a 1 year high of $33.12. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.57 and a current ratio of 1.73. The stock has a fifty day moving average of $24.91 and a two-hundred day moving average of $26.05. The firm has a market capitalization of $27.05 billion, a PE ratio of 24.60 and a beta of 1.01.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Dbs Bank lowered Li Auto from a “moderate buy” rating to a “hold” rating in a research report on Friday, August 29th. Daiwa America upgraded Li Auto to a “strong-buy” rating in a research report on Wednesday, September 3rd. Barclays reduced their price objective on Li Auto from $31.00 to $24.00 and set an “equal weight” rating for the company in a research report on Thursday, August 28th. Sanford C. Bernstein reduced their price objective on Li Auto from $26.00 to $25.00 and set a “market perform” rating for the company in a research report on Friday, August 29th. Finally, Zacks Research upgraded Li Auto from a “strong sell” rating to a “hold” rating in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Li Auto currently has a consensus rating of “Hold” and a consensus price target of $25.79.

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.