LMR Partners LLP significantly increased its stake in Li Auto Inc. during the second quarter. A recent 13F filing with the SEC confirms the firm boosted its holdings by 2,697.4%.
LMR Partners acquired an additional 651,353 shares, bringing its total ownership to 675,500 shares. This stake holds an approximate value of $18.31 million and represents 0.06% of Li Auto.
The move occurs while other institutional investors adjust their positions in the electric vehicle maker. The current consensus analyst rating for Li Auto is 'Hold,' with analysts maintaining an average price target of $21.66.
No significant market reaction was immediately reported following the release of this specific filing.