ABC Arbitrage SA Makes New Investment in Li Auto Inc. Sponsored ADR $LI

ABC Arbitrage SA bought a new position in shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 34,145 shares of the company’s stock, valued at approximately $865,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of LI. Goldman Sachs Group Inc. increased its stake in Li Auto by 133.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,636,156 shares of the company’s stock valued at $66,431,000 after buying an additional 1,505,991 shares during the last quarter. American Century Companies Inc. raised its position in shares of Li Auto by 12.6% in the second quarter. American Century Companies Inc. now owns 1,295,444 shares of the company’s stock valued at $35,119,000 after purchasing an additional 144,625 shares during the period. LMR Partners LLP boosted its holdings in shares of Li Auto by 2,697.4% during the second quarter. LMR Partners LLP now owns 675,500 shares of the company’s stock worth $18,313,000 after acquiring an additional 651,353 shares during the period. Geode Capital Management LLC boosted its stake in Li Auto by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 176,684 shares of the company’s stock valued at $4,790,000 after purchasing an additional 1,230 shares during the period. Finally, Tidal Investments LLC grew its stake 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 acquiring an additional 856 shares in the last quarter. Institutional investors and hedge funds own 9.88% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on LI shares. Citigroup reduced their target price on Li Auto from $20.20 to $18.50 and set a “neutral” rating on the stock in a report on Thursday, January 15th. HSBC lowered shares of Li Auto from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 4th. Jefferies Financial Group reiterated a “hold” rating and set a $17.50 target price (down previously from $28.80) on shares of Li Auto in a research report on Friday, January 23rd. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $27.00 price objective on shares of Li Auto in a research note on Monday, December 1st. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, twelve have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, Li Auto presently has an average rating of “Reduce” and an average price target of $19.59.

Li Auto Stock Performance

LI stock opened at $19.20 on Thursday. The stock’s fifty day moving average price is $17.05 and its 200-day moving average price is $20.84. The company has a market cap of $20.10 billion, a P/E ratio of 33.10 and a beta of 0.58. Li Auto Inc. Sponsored ADR has a 1 year low of $15.71 and a 1 year high of $33.12. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.80 and a quick ratio of 1.67.

About Li Auto

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.