PNC Financial Services Group Inc. boosted its holdings in Li Auto Inc. (NASDAQ:LI) by 44.8% in the second quarter, HoldingsChannel reports. The institutional investor owned 1,512 shares of the company’s stock after purchasing an additional 468 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Li Auto were worth $53,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. US Bancorp DE increased its stake in Li Auto by 1,031.7% in the 2nd quarter. US Bancorp DE now owns 713 shares of the company’s stock worth $25,000 after buying an additional 650 shares in the last quarter. SRS Capital Advisors Inc. purchased a new stake in Li Auto in the 2nd quarter worth $35,000. Vestor Capital LLC purchased a new stake in Li Auto in the 1st quarter worth $69,000. Quantbot Technologies LP purchased a new position in shares of Li Auto during the first quarter valued at about $72,000. Finally, Exchange Traded Concepts LLC grew its position in shares of Li Auto by 19.9% during the second quarter. Exchange Traded Concepts LLC now owns 3,175 shares of the company’s stock valued at $111,000 after purchasing an additional 528 shares in the last quarter. Institutional investors and hedge funds own 16.41% of the company’s stock.
Shares of NASDAQ:LI opened at $27.31 on Thursday. The company has a current ratio of 5.17, a quick ratio of 5.02 and a debt-to-equity ratio of 0.24. The company has a market cap of $24.71 billion, a price-to-earnings ratio of -170.69 and a beta of 1.82. Li Auto Inc. has a 12 month low of $15.02 and a 12 month high of $47.70. The company has a 50-day moving average price of $30.09 and a 200 day moving average price of $26.54.
Li Auto Company Profile
Li Auto Inc, through its subsidiaries, designs, develops, manufactures, and sells smart electric sport utility vehicles (SUVs) in China. It offers Li ONE, a six-seat electric SUV that equipped with a range of extension system and smart vehicle solutions. The company was formerly known as Leading Ideal Inc and changed its name to Li Auto Inc in July 2020.
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