Electron Capital Partners LLC Acquires Shares of 978,500 Li Auto Inc. Sponsored ADR $LI

Key Points

• Electron Capital Partners LLC has acquired a new stake in Li Auto Inc. totaling approximately $24.66 million by purchasing 978,500 shares, making it the fund's 17th largest position.
• Li Auto's stock is currently down 1.2%, with a market capitalization of $25.24 billion, and it has experienced a wide price range over the past year between $18.11 and $33.12.
• Wall Street analysts have mixed views on Li Auto, with one Buy rating, eight Holds, and four Sells, while target prices have been adjusted down, with the average target now at $26.26.

Electron Capital Partners LLC bought a new position in shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 978,500 shares of the company's stock, valued at approximately $24,658,000. Li Auto accounts for about 1.6% of Electron Capital Partners LLC's investment portfolio, making the stock its 17th largest holding. Electron Capital Partners LLC owned approximately 0.09% of Li Auto at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Virtu Financial LLC acquired a new stake in shares of Li Auto during the first quarter worth $296,000. American Century Companies Inc. raised its position in shares of Li Auto by 14.4% during the first quarter. American Century Companies Inc. now owns 1,150,819 shares of the company's stock worth $29,001,000 after purchasing an additional 145,295 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Li Auto during the fourth quarter worth $544,000. Kestra Private Wealth Services LLC acquired a new stake in shares of Li Auto during the first quarter worth $226,000. Finally, Hsbc Holdings PLC raised its position in shares of Li Auto by 339.6% during the first quarter. Hsbc Holdings PLC now owns 287,291 shares of the company's stock worth $7,223,000 after purchasing an additional 221,939 shares during the period. 9.88% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on LI shares. Sanford C. Bernstein dropped their price target on Li Auto from $26.00 to $25.00 and set a "market perform" rating on the stock in a research report on Friday, August 29th. BNP Paribas started coverage on Li Auto in a research report on Monday, August 18th. They set a "strong sell" rating on the stock. Zacks Research lowered Li Auto from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 19th. Wall Street Zen lowered Li Auto from a "hold" rating to a "sell" rating in a research report on Saturday, August 30th. Finally, Barclays dropped their price target on Li Auto from $31.00 to $24.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Reduce" and an average price target of $26.26.

Li Auto Stock Up 0.6%

LI traded up $0.15 on Monday, hitting $23.80. 2,468,533 shares of the company were exchanged, compared to its average volume of 5,522,858. Li Auto Inc. Sponsored ADR has a 12 month low of $18.11 and a 12 month high of $33.12. The company has a market cap of $24.92 billion, a PE ratio of 22.67 and a beta of 0.97. 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 stock's fifty day moving average is $26.11 and its 200-day moving average is $26.49.

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.