Edmond DE Rothschild Holding S.A. Sells 13,000 Shares of Li Auto Inc. Sponsored ADR $LI

Key Points

• Edmond DE Rothschild Holding S.A. reduced its stake in Li Auto Inc. by 28.4%, selling 13,000 shares during the first quarter, bringing its total holdings to 32,814 shares valued at approximately $827,000.
• Several institutional investors have made significant changes to their Li Auto positions, with Mirae Asset Global Investments increasing its holdings by 459.3%, now owning 16,923,620 shares valued at $426,475,000.
• Analysts have varied opinions on Li Auto, with one upgrade to a "strong-buy" rating, while others have downgraded their price targets, leading to an average target of $26.26 amid a mix of buy, hold, and sell ratings.

Edmond DE Rothschild Holding S.A. lessened its holdings in shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI - Free Report) by 28.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,814 shares of the company's stock after selling 13,000 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in Li Auto were worth $827,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. SVB Wealth LLC acquired a new position in Li Auto in the 1st quarter valued at approximately $33,000. Summit Securities Group LLC purchased a new position in Li Auto in the first quarter valued at about $50,000. CX Institutional purchased a new stake in shares of Li Auto during the 1st quarter worth about $72,000. Brooklyn Investment Group lifted its holdings 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 during the last quarter. Finally, Halbert Hargrove Global Advisors LLC bought a new stake in shares of Li Auto in the 1st quarter valued at approximately $126,000. 9.88% of the stock is currently owned by institutional investors and hedge funds.

Li Auto Stock Performance

Shares of Li Auto stock traded up $0.36 on Thursday, hitting $24.32. The stock had a trading volume of 1,234,551 shares, compared to its average volume of 5,479,269. The stock has a market cap of $25.46 billion, a price-to-earnings ratio of 23.12 and a beta of 0.97. The company has a quick ratio of 1.57, a current ratio of 1.73 and a debt-to-equity ratio of 0.03. Li Auto Inc. Sponsored ADR has a twelve month low of $18.65 and a twelve month high of $33.12. The business's 50 day moving average is $25.95 and its two-hundred day moving average is $26.43.

Wall Street Analysts Forecast Growth

LI has been the subject of a number of recent research reports. Bank of America cut shares of Li Auto from a "buy" rating to a "neutral" rating and set a $26.00 price objective for the company. in a report on Thursday, August 28th. BNP Paribas Exane assumed coverage on shares of Li Auto in a research report on Monday, August 18th. They set an "underperform" rating and a $18.00 target price on the stock. Cfra Research upgraded shares of Li Auto from a "strong sell" rating to a "hold" rating in a research note on Tuesday, June 10th. Daiwa America upgraded shares of Li Auto to a "strong-buy" rating in a research report on Wednesday, September 3rd. Finally, Macquarie lowered shares of Li Auto from a "neutral" rating to an "underperform" rating and cut their price objective for the company from $28.00 to $21.00 in a research report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Reduce" and a consensus price target of $26.26.

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.