Li Auto Inc. (NASDAQ:LI) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Li Auto Inc. (NASDAQ:LIFree Report) by 6.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 166,845 shares of the company’s stock after purchasing an additional 10,824 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Li Auto were worth $5,125,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of LI. American Century Companies Inc. boosted its position in shares of Li Auto by 19.4% in the 3rd quarter. American Century Companies Inc. now owns 296,355 shares of the company’s stock valued at $10,565,000 after purchasing an additional 48,089 shares during the period. FNY Investment Advisers LLC boosted its holdings in shares of Li Auto by 187,400.0% in the fourth quarter. FNY Investment Advisers LLC now owns 15,000 shares of the company’s stock valued at $561,000 after acquiring an additional 14,992 shares during the period. Ariose Capital Management Ltd purchased a new position in shares of Li Auto during the fourth quarter worth approximately $29,555,000. NEW THINKING HONG KONG INVESTMENT MANAGEMENT CO. Ltd increased its holdings in shares of Li Auto by 63.4% in the 4th quarter. NEW THINKING HONG KONG INVESTMENT MANAGEMENT CO. Ltd now owns 187,606 shares of the company’s stock valued at $7,022,000 after acquiring an additional 72,798 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in Li Auto by 673.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 64,366 shares of the company’s stock valued at $2,409,000 after purchasing an additional 56,039 shares during the last quarter. Hedge funds and other institutional investors own 9.88% of the company’s stock.

Li Auto Stock Up 3.0 %

LI opened at $20.73 on Thursday. Li Auto Inc. has a 12 month low of $17.75 and a 12 month high of $47.33. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.37. The business has a 50 day simple moving average of $21.42 and a 200-day simple moving average of $28.31. The stock has a market capitalization of $21.99 billion, a P/E ratio of 13.82, a P/E/G ratio of 2.44 and a beta of 0.97.

Li Auto (NASDAQ:LIGet Free Report) last posted its quarterly earnings results on Monday, May 20th. The company reported $0.08 earnings per share (EPS) for the quarter. The company had revenue of $3.55 billion during the quarter. Li Auto had a net margin of 8.73% and a return on equity of 16.65%. On average, equities analysts anticipate that Li Auto Inc. will post 1.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

LI has been the topic of several research reports. Citigroup lowered their price objective on shares of Li Auto from $57.30 to $48.50 and set a “buy” rating on the stock in a research report on Friday, March 22nd. Barclays lowered their price target on Li Auto from $25.00 to $22.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 21st. Bank of America reduced their price objective on Li Auto from $41.00 to $36.00 and set a “buy” rating for the company in a research note on Tuesday, May 21st. Morgan Stanley lowered their target price on Li Auto from $65.00 to $53.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 21st. Finally, Macquarie assumed coverage on Li Auto in a research note on Monday, April 15th. They set an “outperform” rating and a $40.00 price target for the company. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $40.08.

Read Our Latest Stock Analysis on LI

Li Auto Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Li Auto (NASDAQ:LI)

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