SG Americas Securities LLC Lowers Holdings in Li Auto Inc. Sponsored ADR $LI

SG Americas Securities LLC lowered its stake in shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI) by 47.9% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 48,782 shares of the company’s stock after selling 44,835 shares during the period. SG Americas Securities LLC’s holdings in Li Auto were worth $1,322,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Canada Pension Plan Investment Board acquired a new stake in Li Auto during the first quarter worth about $41,076,000. Goldman Sachs Group Inc. boosted its position 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 worth $66,431,000 after purchasing an additional 1,505,991 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in Li Auto in the 2nd quarter worth approximately $30,055,000. Electron Capital Partners LLC acquired a new stake in shares of Li Auto during the 1st quarter worth approximately $24,658,000. Finally, Hhlr Advisors LTD. purchased a new position in shares of Li Auto during the 1st quarter valued at approximately $15,624,000. Institutional investors and hedge funds own 9.88% of the company’s stock.

Analyst Ratings Changes

LI has been the topic of a number of recent analyst reports. Daiwa America raised shares of Li Auto to a “strong-buy” rating in a report on Wednesday, September 3rd. JPMorgan Chase & Co. reissued a “neutral” rating and set a $28.00 target price (down from $33.00) on shares of Li Auto in a research note on Thursday, August 14th. Zacks Research upgraded Li Auto from a “strong sell” rating to a “hold” rating in a research report on Monday, September 29th. Piper Sandler began coverage on Li Auto in a report on Tuesday, November 11th. They issued a “neutral” rating and a $19.00 price target for the company. Finally, Dbs Bank downgraded Li Auto from a “moderate buy” rating to a “hold” rating in a research report on Friday, August 29th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $24.94.

Li Auto Trading Up 2.1%

Shares of Li Auto stock opened at $18.02 on Friday. The company has a current ratio of 1.73, a quick ratio of 1.57 and a debt-to-equity ratio of 0.03. Li Auto Inc. Sponsored ADR has a twelve month low of $17.59 and a twelve month high of $33.12. The firm has a market capitalization of $18.87 billion, a PE ratio of 17.16 and a beta of 1.05. The firm’s 50-day moving average price is $22.51 and its 200 day moving average price is $25.35.

Li Auto Profile

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.