Xiamen Xinweidachuang Investment Partnership Limited Partnership Purchases Shares of 4,926,165 Li Auto Inc. Sponsored ADR $LI

Xiamen Xinweidachuang Investment Partnership Limited Partnership purchased a new position in shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI - Free Report) in the second quarter, according to its most recent filing with the SEC. The firm purchased 4,926,165 shares of the company's stock, valued at approximately $57,833,177,000. Li Auto accounts for 100.0% of Xiamen Xinweidachuang Investment Partnership Limited Partnership's portfolio, making the stock its largest holding. Xiamen Xinweidachuang Investment Partnership Limited Partnership owned 0.46% of Li Auto as of its most recent SEC filing.

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Several other hedge funds have also recently made changes to their positions in the business. Farther Finance Advisors LLC lifted its stake in shares of Li Auto by 312.3% in the 4th quarter. Farther Finance Advisors LLC now owns 1,674 shares of the company's stock valued at $28,000 after purchasing an additional 1,268 shares during the period. EverSource Wealth Advisors LLC grew its stake in Li Auto by 157.9% during the first quarter. EverSource Wealth Advisors LLC now owns 2,878 shares of the company's stock worth $51,000 after purchasing an additional 1,762 shares during the period. DV Equities LLC bought a new stake in Li Auto in the fourth quarter worth approximately $72,000. Limestone Investment Advisors LP bought a new stake in Li Auto in the third quarter worth approximately $222,000. Finally, Parallel Advisors LLC lifted its stake in Li Auto by 530.5% in the first quarter. Parallel Advisors LLC now owns 8,915 shares of the company's stock valued at $159,000 after buying an additional 7,501 shares during the period. 9.88% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on LI. HSBC cut their price target on Li Auto from $17.20 to $15.60 and set a "hold" rating on the stock in a report on Wednesday, June 10th. Zacks Research upgraded shares of Li Auto from a "strong sell" rating to a "hold" rating in a research report on Wednesday, July 15th. BNP Paribas Exane raised shares of Li Auto from an "underperform" rating to a "neutral" rating in a research note on Wednesday, April 22nd. Weiss Ratings lowered shares of Li Auto from a "sell (d+)" rating to a "sell (d)" rating in a research note on Friday, May 29th. Finally, Bank of America restated a "neutral" rating and issued a $18.00 price target on shares of Li Auto in a report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $17.24.

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Get Our Latest Report on Li Auto

Li Auto Stock Up 4.9%

Shares of NASDAQ:LI opened at $12.71 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.75 and a current ratio of 1.88. Li Auto Inc. Sponsored ADR has a 52-week low of $11.65 and a 52-week high of $27.10. The business's 50 day simple moving average is $12.66 and its two-hundred day simple moving average is $15.82. The firm has a market cap of $13.62 billion, a P/E ratio of -45.39 and a beta of 0.55.

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Li Auto (NASDAQ:LI - Get Free Report) last released its quarterly earnings data on Friday, May 15th. The company reported ($0.15) EPS for the quarter. Li Auto had a negative net margin of 1.72% and a negative return on equity of 2.58%. The firm had revenue of $3.33 billion for the quarter. As a group, research analysts forecast that Li Auto Inc. Sponsored ADR will post -0.12 EPS for the current fiscal year.

Li Auto Company Profile

(Free Report)

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.

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Want to see what other hedge funds are holding LI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Li Auto Inc. Sponsored ADR (NASDAQ:LI - Free Report).

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