Li Auto Inc. Sponsored ADR $LI Shares Sold by Ethic Inc.

Ethic Inc. decreased its holdings in shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI) by 41.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,381 shares of the company’s stock after selling 24,297 shares during the period. Ethic Inc.’s holdings in Li Auto were worth $944,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. SVB Wealth LLC purchased a new position in shares of Li Auto during the 1st quarter valued at approximately $33,000. Summit Securities Group LLC purchased a new position in shares of Li Auto during the 1st quarter valued at approximately $50,000. Brooklyn Investment Group lifted its position in shares of Li Auto by 1,077.3% during 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 in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Li Auto by 9.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,134 shares of the company’s stock valued at $155,000 after buying an additional 538 shares in the last quarter. Finally, Kestra Private Wealth Services LLC purchased a new position in shares of Li Auto during the 1st quarter valued at approximately $226,000. Hedge funds and other institutional investors own 9.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LI. 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 research report on Thursday, August 28th. CLSA raised Li Auto to a “strong-buy” rating in a research note on Monday, September 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Li Auto in a research note on Saturday. BNP Paribas Exane initiated coverage on Li Auto in a research note on Monday, August 18th. They issued an “underperform” rating and a $18.00 price objective for the company. Finally, Wall Street Zen downgraded Li Auto from a “hold” rating to a “sell” rating in a research note on Saturday, August 30th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $25.79.

Li Auto Stock Down 1.4%

Shares of LI opened at $21.92 on Monday. 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 capitalization of $22.95 billion, a PE ratio of 20.88 and a beta of 1.01. The stock has a fifty day simple moving average of $24.10 and a two-hundred day simple moving average of $25.89. The company has a quick ratio of 1.57, a current ratio of 1.73 and a debt-to-equity ratio of 0.03.

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.