Li Auto Inc. Sponsored ADR (NASDAQ:LI) Shares Sold by RWC Asset Advisors US LLC

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 trimmed its holdings in Li Auto Inc. Sponsored ADR (NASDAQ:LI - Free Report) by 6.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. CX Institutional bought a new stake in Li Auto during the 1st quarter valued at about $72,000. Halbert Hargrove Global Advisors LLC bought a new stake in Li Auto during the 1st quarter valued at about $126,000. Kestra Private Wealth Services LLC bought a new stake in Li Auto during the 1st quarter valued at about $226,000. Verity Asset Management Inc. bought a new stake in Li Auto during the 1st quarter valued at about $235,000. Finally, First Trust Advisors LP increased its stake in Li Auto by 15.2% during the 4th quarter. First Trust Advisors LP now owns 10,014 shares of the company's stock valued at $240,000 after purchasing an additional 1,324 shares in the last quarter. 9.88% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Cfra Research upgraded shares of Li Auto from a "strong sell" rating to a "hold" rating in a research note 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. Based on data from MarketBeat.com, Li Auto presently has an average rating of "Hold" and a consensus price target of $32.85.

Li Auto Stock Performance

NASDAQ LI traded down $0.90 during trading hours on Wednesday, reaching $26.49. The stock had a trading volume of 3,170,888 shares, compared to its average volume of 5,460,827. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.72 and a current ratio of 1.87. Li Auto Inc. Sponsored ADR has a 52-week low of $17.44 and a 52-week high of $33.12. The stock has a fifty day moving average of $28.39 and a 200 day moving average of $26.43. The stock has a market cap of $27.73 billion, a P/E ratio of 25.21, a price-to-earnings-growth ratio of 1.19 and a beta of 0.95.

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

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.