QRG Capital Management Inc. Has $390,000 Holdings in Li Auto Inc. Sponsored ADR $LI

QRG Capital Management Inc. increased its stake in shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI) by 7.8% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 14,378 shares of the company’s stock after acquiring an additional 1,035 shares during the period. QRG Capital Management Inc.’s holdings in Li Auto were worth $390,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. SVB Wealth LLC acquired a new stake in Li Auto in the 1st quarter valued at approximately $33,000. Summit Securities Group LLC acquired a new stake in Li Auto in the 1st quarter valued at approximately $50,000. CX Institutional acquired a new stake in Li Auto in the 1st quarter valued at approximately $72,000. Brooklyn Investment Group grew its holdings in Li Auto by 1,077.3% in the 1st quarter. Brooklyn Investment Group now owns 4,980 shares of the company’s stock valued at $125,000 after buying an additional 4,557 shares during the last quarter. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in Li Auto in the 1st quarter valued at approximately $126,000. Institutional investors and hedge funds own 9.88% of the company’s stock.

Li Auto Trading Down 3.4%

Shares of LI opened at $22.80 on Friday. The stock has a fifty day moving average price of $24.53 and a two-hundred day moving average price of $25.95. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.57 and a current ratio of 1.73. Li Auto Inc. Sponsored ADR has a 52-week low of $19.10 and a 52-week high of $33.12. The company has a market cap of $23.87 billion, a price-to-earnings ratio of 21.71 and a beta of 1.01.

Wall Street Analyst Weigh In

LI has been the topic of a number of research analyst reports. Bank of America lowered Li Auto from a “buy” rating to a “neutral” rating and set a $26.00 target price on the stock. in a report on Thursday, August 28th. Macquarie lowered Li Auto from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $28.00 to $21.00 in a report on Friday, August 22nd. Dbs Bank lowered Li Auto from a “moderate buy” rating to a “hold” rating in a report on Friday, August 29th. Daiwa America raised Li Auto to a “strong-buy” rating in a report on Wednesday, September 3rd. Finally, Wall Street Zen lowered Li Auto from a “hold” rating to a “sell” rating in a report on Saturday, August 30th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Li Auto currently has an average rating of “Hold” and an average price target of $25.79.

About Li Auto

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.