RWC Asset Advisors US LLC Reduces Stock Position in Li Auto Inc. (NASDAQ:LI)

RWC Asset Advisors US LLC lowered its holdings in Li Auto Inc. (NASDAQ:LI) by 7.0% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,708,036 shares of the company’s stock after selling 127,932 shares during the quarter. Li Auto comprises 3.1% of RWC Asset Advisors US LLC’s investment portfolio, making the stock its 11th biggest holding. RWC Asset Advisors US LLC owned about 0.16% of Li Auto worth $30,540,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in LI. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Li Auto in the second quarter valued at approximately $21,626,000. SIH Partners LLLP grew its position in shares of Li Auto by 508.2% in the 1st quarter. SIH Partners LLLP now owns 890,900 shares of the company’s stock valued at $26,976,000 after buying an additional 744,419 shares during the last quarter. Franchise Capital Ltd raised its stake in Li Auto by 163.2% during the 4th quarter. Franchise Capital Ltd now owns 975,250 shares of the company’s stock worth $36,504,000 after acquiring an additional 604,773 shares in the last quarter. FIFTHDELTA Ltd acquired a new stake in Li Auto during the 1st quarter worth $14,816,000. Finally, OLD Mission Capital LLC purchased a new stake in Li Auto in the fourth quarter valued at $17,696,000. Institutional investors and hedge funds own 9.88% of the company’s stock.

Li Auto Price Performance

Shares of LI opened at $19.46 on Tuesday. The firm has a market capitalization of $20.65 billion, a PE ratio of 12.97, a P/E/G ratio of 1.77 and a beta of 0.97. The stock’s 50 day moving average is $19.82 and its two-hundred day moving average is $25.25. Li Auto Inc. has a twelve month low of $17.44 and a twelve month high of $46.44. The company has a current ratio of 1.76, a quick ratio of 1.37 and a debt-to-equity ratio of 0.14.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LI. Morgan Stanley reduced their target price on Li Auto from $65.00 to $53.00 and set an “overweight” rating for the company in a report on Tuesday, May 21st. JPMorgan Chase & Co. lowered their price objective on shares of Li Auto from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. Bank of America increased their target price on shares of Li Auto from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Finally, Barclays lowered their target price on Li Auto from $25.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 21st. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $36.36.

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.