Li Auto Inc. Sponsored ADR (NASDAQ:LI) is RWC Asset Advisors US LLC's 3rd Largest Position

Key Points

• RWC Asset Advisors US LLC has decreased its stake in Li Auto Inc. by 6.5%, now holding approximately 2,974,001 shares, which represents about 13.7% of its investment portfolio.
• Five research analysts have assigned a "hold" rating to Li Auto, while three analysts have given it a "buy" rating, with a consensus price target of $32.85.
• Li Auto reported a net margin of 5.60% and a revenue of $3.53 billion for its last quarter, despite missing earnings expectations slightly.

RWC Asset Advisors US LLC decreased its stake in shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI - Free Report) by 6.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,974,001 shares of the company's stock after selling 207,049 shares during the quarter. Li Auto comprises about 13.7% of RWC Asset Advisors US LLC's investment portfolio, making the stock its 3rd biggest holding. RWC Asset Advisors US LLC owned about 0.28% of Li Auto worth $74,945,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Laird Norton Wetherby Wealth Management LLC raised its stake in shares of Li Auto by 2.2% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 25,174 shares of the company's stock worth $604,000 after purchasing an additional 547 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Li Auto by 15.2% in the fourth quarter. First Trust Advisors LP now owns 10,014 shares of the company's stock worth $240,000 after purchasing an additional 1,324 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Li Auto by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 177,767 shares of the company's stock worth $4,265,000 after purchasing an additional 1,560 shares during the last quarter. Vident Advisory LLC raised its stake in shares of Li Auto by 11.2% in the fourth quarter. Vident Advisory LLC now owns 19,914 shares of the company's stock worth $478,000 after purchasing an additional 1,998 shares during the last quarter. Finally, Quantinno Capital Management LP raised its stake in shares of Li Auto by 17.6% in the fourth quarter. Quantinno Capital Management LP now owns 15,727 shares of the company's stock worth $377,000 after purchasing an additional 2,356 shares during the last quarter. Hedge funds and other institutional investors own 9.88% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Cfra Research raised Li Auto from a "strong sell" rating to a "hold" rating in a report on Tuesday, June 10th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $32.85.

Li Auto Price Performance

NASDAQ:LI opened at $29.58 on Friday. The company has a current ratio of 1.87, a quick ratio of 1.72 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $30.97 billion, a P/E ratio of 28.17, a P/E/G ratio of 1.20 and a beta of 0.95. Li Auto Inc. Sponsored ADR has a 12 month low of $17.44 and a 12 month high of $33.12. The business's 50-day moving average is $28.39 and its 200 day moving average is $26.35.

Li Auto (NASDAQ:LI - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by ($0.01). Li Auto had a net margin of 5.60% and a return on equity of 11.83%. The company had revenue of $3.53 billion for the quarter, compared to analysts' expectations of $3.45 billion. During the same quarter last year, the company earned $1.21 earnings per share. The company's revenue for the quarter was up 1.1% on a year-over-year basis. On average, equities research analysts forecast that Li Auto Inc. Sponsored ADR will post 0.96 earnings per share for the current fiscal year.

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.

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