Hhlr Advisors LTD. Buys Shares of 620,000 Li Auto Inc. Sponsored ADR $LI

Key Points

• Hhlr Advisors LTD. has acquired 620,000 shares in Li Auto Inc. Sponsored ADR, increasing their stake to 0.5% of their portfolio, valued at approximately $15.6 million.
• Li Auto's stock recently opened at $23.35, with a market cap of $24.45 billion, and a PE ratio of 22.24.
• Recent analyst ratings have seen Li Auto downgraded by several firms, with a consensus rating of "Reduce" and an average price target of $26.26.

Hhlr Advisors LTD. purchased a new position in Li Auto Inc. Sponsored ADR (NASDAQ:LI - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 620,000 shares of the company's stock, valued at approximately $15,624,000. Li Auto comprises about 0.5% of Hhlr Advisors LTD.'s holdings, making the stock its 17th biggest position. Hhlr Advisors LTD. owned approximately 0.06% of Li Auto as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. lifted its position in Li Auto by 459.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,923,620 shares of the company's stock valued at $426,475,000 after purchasing an additional 13,897,555 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in Li Auto in the 1st quarter valued at about $41,076,000. LMR Partners LLP bought a new stake in Li Auto in the 4th quarter valued at about $16,266,000. Myriad Asset Management US LP acquired a new position in Li Auto during the 1st quarter valued at about $9,913,000. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Li Auto during the 4th quarter valued at about $8,923,000. 9.88% of the stock is currently owned by institutional investors.

Li Auto Stock Down 1.4%

Shares of LI stock traded down $0.33 during trading on Friday, hitting $23.65. 4,020,709 shares of the company were exchanged, compared to its average volume of 5,827,541. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.57 and a current ratio of 1.73. The firm has a market capitalization of $24.76 billion, a price-to-earnings ratio of 22.52 and a beta of 0.97. The business's 50-day simple moving average is $26.11 and its 200 day simple moving average is $26.49. Li Auto Inc. Sponsored ADR has a twelve month low of $18.11 and a twelve month high of $33.12.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. BNP Paribas Exane assumed coverage on shares of Li Auto in a research note on Monday, August 18th. They set an "underperform" rating and a $18.00 target price on the stock. Bank of America cut shares of Li Auto from a "buy" rating to a "neutral" rating and set a $26.00 target price on the stock. in a research note on Thursday, August 28th. BNP Paribas assumed coverage on shares of Li Auto in a research note on Monday, August 18th. They set a "strong sell" rating on the stock. Sanford C. Bernstein lowered their target price on shares of Li Auto from $26.00 to $25.00 and set a "market perform" rating on the stock in a research note on Friday, August 29th. Finally, Macquarie cut shares of 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 research note on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Reduce" and an average price target of $26.26.

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.