Myriad Asset Management US LP Makes New $9.91 Million Investment in Li Auto Inc. (NASDAQ:LI)

Myriad Asset Management US LP acquired a new position in Li Auto Inc. (NASDAQ:LI - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 393,382 shares of the company's stock, valued at approximately $9,913,000. Li Auto accounts for approximately 4.2% of Myriad Asset Management US LP's portfolio, making the stock its 5th biggest position.

A number of other institutional investors have also recently bought and sold shares of LI. LMR Partners LLP bought a new position in Li Auto in the 4th quarter valued at $16,266,000. OLD Mission Capital LLC bought a new stake in shares of Li Auto during the fourth quarter worth $14,704,000. RWC Asset Advisors US LLC lifted its stake in shares of Li Auto by 20.0% during the fourth quarter. RWC Asset Advisors US LLC now owns 3,181,050 shares of the company's stock valued at $76,313,000 after acquiring an additional 530,390 shares during the period. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Li Auto in the fourth quarter valued at about $8,923,000. Finally, Tairen Capital Ltd bought a new position in Li Auto in the fourth quarter valued at about $8,435,000. Institutional investors and hedge funds own 9.88% of the company's stock.

Li Auto Trading Down 0.2%

NASDAQ:LI traded down $0.05 during trading hours on Wednesday, hitting $29.46. The stock had a trading volume of 4,359,556 shares, compared to its average volume of 6,470,612. The business's 50 day moving average is $25.43 and its 200-day moving average is $25.02. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.64 and a current ratio of 1.76. The company has a market cap of $30.85 billion, a price-to-earnings ratio of 21.82, a P/E/G ratio of 3.27 and a beta of 0.98. Li Auto Inc. has a one year low of $17.44 and a one year 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 EPS for the quarter, missing analysts' consensus estimates of $0.09 by ($0.01). Li Auto had a net margin of 7.20% and a return on equity of 13.03%. The firm had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.45 billion. During the same quarter in the prior year, the company earned $1.21 EPS. Li Auto's quarterly revenue was up 1.1% on a year-over-year basis. Sell-side analysts anticipate that Li Auto Inc. will post 0.96 EPS for the current fiscal year.

Analysts Set New Price Targets

LI has been the topic of a number of research reports. Cfra Research upgraded shares of Li Auto to a "strong sell" rating in a research report on Friday, March 21st. HSBC set a $38.50 price objective on shares of Li Auto and gave the company a "buy" rating in a report on Thursday, March 6th. Macquarie lowered shares of Li Auto from an "outperform" rating to a "neutral" rating and set a $27.00 target price for the company. in a report on Monday, March 17th. Nomura Securities raised Li Auto to a "hold" rating in a research note on Monday, March 17th. Finally, JPMorgan Chase & Co. upgraded Li Auto from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $22.00 to $40.00 in a research report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price 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.