Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI - Free Report) by 459.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,923,620 shares of the company's stock after purchasing an additional 13,897,555 shares during the quarter. Li Auto comprises 1.1% of Mirae Asset Global Investments Co. Ltd.'s investment portfolio, making the stock its 20th biggest holding. Mirae Asset Global Investments Co. Ltd. owned about 1.62% of Li Auto worth $426,475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also added to or reduced their stakes in LI. Signaturefd LLC lifted its position in shares of Li Auto by 4.4% during the 4th quarter. Signaturefd LLC now owns 10,184 shares of the company's stock worth $244,000 after buying an additional 428 shares in the last quarter. Daiwa Securities Group Inc. grew its position in shares of Li Auto by 16.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the company's stock valued at $84,000 after purchasing an additional 500 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC grew its position in shares of Li Auto by 2.2% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 25,174 shares of the company's stock valued at $604,000 after purchasing an additional 547 shares in the last quarter. Amundi grew its position in shares of Li Auto by 1.2% during the 4th quarter. Amundi now owns 78,098 shares of the company's stock valued at $1,811,000 after purchasing an additional 888 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Li Auto by 15.2% during the 4th quarter. First Trust Advisors LP now owns 10,014 shares of the company's stock worth $240,000 after acquiring an additional 1,324 shares during the last quarter. Institutional investors own 9.88% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the stock. HSBC set a $38.50 price objective on shares of Li Auto and gave the stock a "buy" rating in a report on Thursday, March 6th. Nomura Securities raised shares of Li Auto to a "hold" rating in a report on Monday, March 17th. Cfra Research raised shares of Li Auto from a "strong sell" rating to a "hold" rating in a research note on Tuesday, June 10th. Finally, Macquarie downgraded shares of Li Auto from an "outperform" rating to a "neutral" rating and set a $27.00 price target for the company. in a research note on Monday, March 17th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $32.85.
Read Our Latest Stock Analysis on Li Auto
Li Auto Trading Down 1.9%
Li Auto stock traded down $0.54 during mid-day trading on Friday, hitting $27.47. The company's stock had a trading volume of 4,889,915 shares, compared to its average volume of 6,366,513. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.87 and a quick ratio of 1.72. The stock has a market cap of $28.76 billion, a price-to-earnings ratio of 26.16, a price-to-earnings-growth ratio of 1.11 and a beta of 0.98. The business has a 50 day moving average price of $27.29 and a 200-day moving average price of $25.69. Li Auto Inc. Sponsored ADR has a 12 month low of $17.44 and a 12 month high of $33.12.
Li Auto (NASDAQ:LI - Get Free Report) last released its quarterly earnings data on Thursday, May 29th. The company reported $0.08 earnings per share (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 during the quarter, compared to analysts' expectations of $3.45 billion. During the same quarter in the previous year, the firm posted $1.21 EPS. Li Auto's revenue was up 1.1% compared to the same quarter last year. As a group, analysts forecast that Li Auto Inc. Sponsored ADR will post 0.96 EPS for the current year.
Li Auto 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.
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