Kingstone Capital Partners Texas LLC Acquires New Position in Li Auto Inc. Sponsored ADR $LI

Key Points

• Kingstone Capital Partners Texas LLC has acquired a new stake in Li Auto Inc., purchasing 12,600 shares valued at approximately $369,000.
• Li Auto's stock currently trades around $25.75 with a market capitalization of $26.96 billion and a price-to-earnings ratio of 24.52.
• Analyst ratings for Li Auto vary, with one firm upgrading it to a "strong-buy," while others have issued hold or sell ratings, giving the stock a consensus target price of $26.26.

Kingstone Capital Partners Texas LLC acquired a new stake in Li Auto Inc. Sponsored ADR (NASDAQ:LI - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 12,600 shares of the company's stock, valued at approximately $369,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. SVB Wealth LLC acquired a new stake in Li Auto during the 1st quarter worth approximately $33,000. Summit Securities Group LLC acquired a new stake in shares of Li Auto during the first quarter worth $50,000. CX Institutional bought a new position in Li Auto in the 1st quarter valued at about $72,000. Brooklyn Investment Group grew its position in Li Auto by 1,077.3% during the 1st quarter. Brooklyn Investment Group now owns 4,980 shares of the company's stock worth $125,000 after purchasing an additional 4,557 shares in the last quarter. Finally, Halbert Hargrove Global Advisors LLC bought a new position in Li Auto during the first quarter valued at approximately $126,000. 9.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on LI shares. Barclays dropped their price target on Li Auto from $31.00 to $24.00 and set an "equal weight" rating for the company in a report on Thursday, August 28th. Daiwa America raised Li Auto to a "strong-buy" rating in a research note on Wednesday, September 3rd. Zacks Research downgraded Li Auto from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 19th. Macquarie downgraded shares of Li Auto from a "neutral" rating to an "underperform" rating and reduced their price objective for the stock from $28.00 to $21.00 in a research report on Friday, August 22nd. Finally, Cfra Research raised shares of Li Auto from a "strong sell" rating to a "hold" rating in a research report on Tuesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Reduce" and a consensus target price of $26.26.

Li Auto Trading Down 1.2%

Shares of Li Auto stock traded down $0.30 during trading on Monday, reaching $25.45. 3,918,167 shares of the company were exchanged, compared to its average volume of 5,983,260. 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 $19.10 and a twelve month high of $33.12. The business has a 50-day moving average price of $25.72 and a 200-day moving average price of $26.19. The firm has a market capitalization of $26.65 billion, a price-to-earnings ratio of 24.24 and a beta of 0.97.

Li Auto Company 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.