214,100 Shares in Li Auto Inc. Sponsored ADR (NASDAQ:LI) Bought by Ariose Capital Management Ltd

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

A number of other institutional investors also recently bought and sold shares of LI. Mirae Asset Global Investments Co. Ltd. raised its holdings in Li Auto by 459.3% in 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 period. LMR Partners LLP bought a new stake in Li Auto during the fourth quarter valued at about $16,266,000. OLD Mission Capital LLC bought a new stake in Li Auto during the fourth quarter valued at about $14,704,000. Myriad Asset Management US LP bought a new stake in Li Auto during the first quarter valued at about $9,913,000. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Li Auto during the fourth quarter valued at about $8,923,000. 9.88% of the stock is owned by institutional investors.

Li Auto Trading Up 3.1%

Shares of LI stock opened at $26.74 on Tuesday. Li Auto Inc. Sponsored ADR has a 12-month low of $17.44 and a 12-month high of $33.12. The company has a current ratio of 1.87, a quick ratio of 1.72 and a debt-to-equity ratio of 0.12. The stock's 50-day moving average price is $27.62 and its 200-day moving average price is $25.88. The stock has a market capitalization of $28.00 billion, a price-to-earnings ratio of 25.47, a price-to-earnings-growth ratio of 1.05 and a beta of 0.95.

Li Auto (NASDAQ:LI - Get Free Report) last issued its earnings results on Thursday, May 29th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.01). Li Auto had a return on equity of 11.83% and a net margin of 5.60%. The firm had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.45 billion. During the same period last year, the firm posted $1.21 earnings per share. The company's revenue for the quarter was up 1.1% compared to the same quarter last year. Equities research analysts predict that Li Auto Inc. Sponsored ADR will post 0.96 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on LI. Nomura Securities raised Li Auto to a "hold" rating in a report on Monday, March 17th. Macquarie cut Li Auto from an "outperform" rating to a "neutral" rating and set a $27.00 price target on the stock. in a report on Monday, March 17th. Finally, Cfra Research raised Li Auto from a "strong sell" rating to a "hold" rating in a report on Tuesday, June 10th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Li Auto presently has a consensus rating of "Hold" and a consensus price target of $32.85.

About Li Auto

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.

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