Renaissance Technologies LLC Sells 331,200 Shares of Li Auto Inc. Sponsored ADR $LI

Renaissance Technologies LLC lessened its holdings in shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI) by 4.5% in the 1st quarter, Holdings Channel reports. The institutional investor owned 7,110,639 shares of the company’s stock after selling 331,200 shares during the quarter. Renaissance Technologies LLC’s holdings in Li Auto were worth $126,783,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of LI. Tidal Investments LLC raised its holdings in shares of Li Auto by 1.0% in the second quarter. Tidal Investments LLC now owns 88,772 shares of the company’s stock worth $2,407,000 after buying an additional 856 shares during the period. Corient Private Wealth LLC grew its position in Li Auto by 8.6% in the 2nd quarter. Corient Private Wealth LLC now owns 11,955 shares of the company’s stock valued at $324,000 after acquiring an additional 951 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in Li Auto by 4.3% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 27,113 shares of the company’s stock valued at $459,000 after acquiring an additional 1,121 shares during the last quarter. Ballentine Partners LLC increased its stake in Li Auto by 9.6% in the fourth quarter. Ballentine Partners LLC now owns 13,786 shares of the company’s stock worth $233,000 after purchasing an additional 1,208 shares during the period. Finally, Geode Capital Management LLC increased its stake in Li Auto by 0.7% in the second quarter. Geode Capital Management LLC now owns 176,684 shares of the company’s stock worth $4,790,000 after purchasing an additional 1,230 shares during the period. Institutional investors own 9.88% of the company’s stock.

Analyst Upgrades and Downgrades

LI has been the topic of a number of research analyst reports. Weiss Ratings cut shares of Li Auto from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 29th. Bank of America restated a “neutral” rating and issued a $18.00 target price on shares of Li Auto in a research note on Thursday, May 28th. Wall Street Zen raised shares of Li Auto from a “strong sell” rating to a “sell” rating in a research report on Sunday, April 12th. Zacks Research raised shares of Li Auto from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 15th. Finally, BNP Paribas Exane upgraded Li Auto from an “underperform” rating to a “neutral” rating in a report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Li Auto presently has an average rating of “Hold” and a consensus target price of $17.30.

Li Auto Trading Down 2.0%

Shares of NASDAQ:LI opened at $12.12 on Friday. Li Auto Inc. Sponsored ADR has a 12-month low of $11.65 and a 12-month high of $31.10. The business’s fifty day simple moving average is $13.55 and its 200-day simple moving average is $16.31. The company has a market capitalization of $12.99 billion, a PE ratio of -43.28 and a beta of 0.56. The company has a current ratio of 1.88, a quick ratio of 1.75 and a debt-to-equity ratio of 0.06.

Li Auto (NASDAQ:LI) last issued its quarterly earnings data on Friday, May 15th. The company reported ($0.15) earnings per share for the quarter. The company had revenue of $3.33 billion for the quarter. Li Auto had a negative return on equity of 2.58% and a negative net margin of 1.72%. As a group, equities research analysts predict that Li Auto Inc. Sponsored ADR will post -0.08 earnings per share for the current fiscal year.

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.