Mirae Asset Global Investments Co. Ltd. Has $567,000 Stake in Li Auto Inc. Sponsored ADR $LI

Mirae Asset Global Investments Co. Ltd. cut its stake in Li Auto Inc. Sponsored ADR (NASDAQ:LI) by 99.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,387 shares of the company’s stock after selling 2,862,788 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Li Auto were worth $567,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of LI. SG Americas Securities LLC grew its holdings in Li Auto by 65.3% during the third quarter. SG Americas Securities LLC now owns 80,636 shares of the company’s stock worth $2,043,000 after buying an additional 31,854 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in Li Auto by 8.6% during the 2nd quarter. Corient Private Wealth LLC now owns 11,955 shares of the company’s stock worth $324,000 after acquiring an additional 951 shares during the last quarter. China Universal Asset Management Co. Ltd. grew its stake in shares of Li Auto by 12.5% in the 2nd quarter. China Universal Asset Management Co. Ltd. now owns 27,000 shares of the company’s stock worth $732,000 after acquiring an additional 3,000 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Li Auto by 497.2% in the second quarter. Tower Research Capital LLC TRC now owns 76,728 shares of the company’s stock valued at $2,080,000 after purchasing an additional 63,881 shares during the last quarter. Finally, Tidal Investments LLC raised its holdings in shares of Li Auto by 1.0% in the second quarter. Tidal Investments LLC now owns 88,772 shares of the company’s stock valued at $2,407,000 after purchasing an additional 856 shares during the last quarter. Institutional investors own 9.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on LI shares. Piper Sandler boosted their price target on shares of Li Auto from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Barclays cut their target price on Li Auto from $24.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Monday, December 1st. Macquarie set a $15.00 price target on Li Auto in a research report on Thursday, January 15th. Jefferies Financial Group reiterated a “hold” rating and set a $17.50 price target (down from $28.80) on shares of Li Auto in a report on Friday, January 23rd. Finally, HSBC restated a “hold” rating and issued a $18.60 price objective (down previously from $30.30) on shares of Li Auto in a research note on Wednesday, December 3rd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Li Auto has a consensus rating of “Hold” and a consensus target price of $20.76.

Li Auto Price Performance

Shares of NASDAQ LI opened at $17.79 on Friday. The stock has a fifty day simple moving average of $16.97 and a two-hundred day simple moving average of $21.22. Li Auto Inc. Sponsored ADR has a 1-year low of $15.71 and a 1-year high of $33.12. The firm has a market cap of $18.63 billion, a price-to-earnings ratio of 30.67 and a beta of 0.58. The company has a current ratio of 1.80, a quick ratio of 1.67 and a debt-to-equity ratio of 0.05.

Li Auto 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.