Maxi Investments CY Ltd Takes Position in Li Auto Inc. Sponsored ADR $LI

Maxi Investments CY Ltd bought a new position in shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 633,000 shares of the company’s stock, valued at approximately $16,040,000. Li Auto comprises approximately 1.3% of Maxi Investments CY Ltd’s portfolio, making the stock its 4th biggest position. Maxi Investments CY Ltd owned approximately 0.06% of Li Auto at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in LI. Elevation Point Wealth Partners LLC acquired a new stake in Li Auto in the second quarter worth about $27,000. MAI Capital Management grew its holdings in Li Auto by 2,236.0% during the 2nd quarter. MAI Capital Management now owns 1,168 shares of the company’s stock worth $32,000 after acquiring an additional 1,118 shares during the period. Mizuho Securities Co. Ltd. acquired a new stake in shares of Li Auto during the second quarter worth $107,000. PNC Financial Services Group Inc. increased its holdings in Li Auto by 21.7% in the second quarter. PNC Financial Services Group Inc. now owns 7,467 shares of the company’s stock valued at $202,000 after purchasing an additional 1,333 shares during the last quarter. Finally, Limestone Investment Advisors LP acquired a new position in Li Auto in the third quarter valued at about $222,000. Institutional investors and hedge funds own 9.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LI. China Renaissance restated a “hold” rating and set a $18.50 target price on shares of Li Auto in a report on Monday, December 1st. Weiss Ratings restated a “sell (d+)” rating on shares of Li Auto in a research report on Monday, December 29th. Piper Sandler raised shares of Li Auto from a “neutral” rating to an “outperform” rating in a research note on Friday. JPMorgan Chase & Co. lifted their price target on shares of Li Auto from $14.00 to $15.50 and gave the company an “underweight” rating in a research note on Friday. Finally, The Goldman Sachs Group downgraded shares of Li Auto from a “buy” rating to a “neutral” rating and set a $19.00 price objective for the company. in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $18.55.

Li Auto Price Performance

NASDAQ:LI opened at $18.24 on Tuesday. Li Auto Inc. Sponsored ADR has a 52 week low of $15.71 and a 52 week high of $32.03. The company has a quick ratio of 1.68, a current ratio of 1.81 and a debt-to-equity ratio of 0.05. The firm’s 50-day simple moving average is $17.47 and its 200 day simple moving average is $19.72.

Li Auto Profile

Li Auto Inc is a Chinese automotive company that develops, manufactures and sells smart electric vehicles, with an early focus on range-extended electric SUVs designed for family use. The company is headquartered in China and serves the domestic market through a combination of online channels and a network of retail/showroom locations. Li Auto was founded to address range-anxiety in electric vehicle buyers by integrating a small internal-combustion engine as a range extender alongside a large battery, enabling longer driving range while retaining electric driving characteristics.

The company’s product lineup centers on multi‑occupant SUVs that combine electric propulsion, advanced in‑vehicle connectivity and driver‑assistance features.