Ariose Capital Management Ltd Takes Position in Li Auto Inc. Sponsored ADR (NASDAQ:LI)

Ariose Capital Management Ltd purchased a new position in shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 214,100 shares of the company's stock, valued at approximately $5,395,000. Li Auto accounts for approximately 5.9% of Ariose Capital Management Ltd's portfolio, making the stock its 7th biggest holding.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Li Auto by 459.3% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,923,620 shares of the company's stock worth $426,475,000 after purchasing an additional 13,897,555 shares during the last quarter. LMR Partners LLP bought a new position in Li Auto during the fourth quarter valued at $16,266,000. OLD Mission Capital LLC purchased a new stake in Li Auto in the fourth quarter worth $14,704,000. Myriad Asset Management US LP bought a new stake in shares of Li Auto in the first quarter valued at $9,913,000. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Li Auto in the fourth quarter valued at $8,923,000. Hedge funds and other institutional investors own 9.88% of the company's stock.

Li Auto Price Performance

LI stock traded up $0.46 during mid-day trading on Friday, reaching $27.66. 10,997,136 shares of the company traded hands, compared to its average volume of 6,283,582. The company has a fifty day moving average price of $27.84 and a 200-day moving average price of $25.94. Li Auto Inc. Sponsored ADR has a 52-week low of $17.44 and a 52-week high of $33.12. The company has a market capitalization of $28.96 billion, a P/E ratio of 26.34, a P/E/G ratio of 1.10 and a beta of 0.95. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.87 and a quick ratio of 1.72.

Li Auto (NASDAQ:LI - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.09 by ($0.01). Li Auto had a net margin of 5.60% and a return on equity of 11.83%. The firm had revenue of $3.53 billion for the quarter, compared to analysts' expectations of $3.45 billion. During the same quarter last year, the firm earned $1.21 earnings per share. The firm's revenue for the quarter was up 1.1% on a year-over-year basis. As a group, analysts anticipate that Li Auto Inc. Sponsored ADR will post 0.96 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on LI shares. Nomura Securities raised Li Auto to a "hold" rating in a report on Monday, March 17th. Cfra Research upgraded shares of Li Auto from a "strong sell" rating to a "hold" rating in a research note on Tuesday, June 10th. Finally, Macquarie lowered shares of Li Auto from an "outperform" rating to a "neutral" rating and set a $27.00 price target on the stock. in a research report on Monday, March 17th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $32.85.

Li Auto Company Profile

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.