American Century Companies Inc. Acquires 60,172 Shares of Li Auto Inc. Sponsored ADR $LI

American Century Companies Inc. grew its stake in shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI) by 4.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,355,616 shares of the company’s stock after buying an additional 60,172 shares during the period. American Century Companies Inc. owned 0.13% of Li Auto worth $34,351,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. LMR Partners LLP boosted its holdings in shares of Li Auto by 2,697.4% during the 2nd quarter. LMR Partners LLP now owns 675,500 shares of the company’s stock valued at $18,313,000 after purchasing an additional 651,353 shares during the last quarter. Vise Technologies Inc. purchased a new position in shares of Li Auto during the second quarter valued at about $361,000. Central Asset Investments & Management Holdings HK Ltd bought a new stake in shares of Li Auto in the second quarter worth about $407,000. ABC Arbitrage SA purchased a new stake in shares of Li Auto in the third quarter worth about $865,000. Finally, Quadrant Capital Group LLC lifted its position in shares of Li Auto by 400.5% in the second quarter. Quadrant Capital Group LLC now owns 48,982 shares of the company’s stock worth $1,328,000 after buying an additional 39,196 shares in the last quarter. Institutional investors own 9.88% of the company’s stock.

Analyst Ratings Changes

LI has been the subject of a number of research reports. Piper Sandler increased their price target on Li Auto from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. HSBC cut Li Auto from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 4th. Citigroup lowered their target price on Li Auto from $20.20 to $18.50 and set a “neutral” rating for the company in a research report on Thursday, January 15th. JPMorgan Chase & Co. lowered shares of Li Auto from a “neutral” rating to an “underweight” rating and set a $14.00 target price for the company. in a report on Monday, February 9th. Finally, Barclays reduced their price target on shares of Li Auto from $24.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, twelve have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $19.59.

Li Auto Trading Up 1.7%

LI opened at $17.16 on Friday. The stock has a 50-day moving average of $17.38 and a 200 day moving average of $19.99. 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 Inc. Sponsored ADR has a 12 month low of $15.71 and a 12 month high of $32.03.

Li Auto Company 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.