Ariose Capital Management Ltd Invests $18.10 Million in Li Auto Inc. (NASDAQ:LI)

Ariose Capital Management Ltd bought a new position in Li Auto Inc. (NASDAQ:LI - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 705,612 shares of the company's stock, valued at approximately $18,099,000. Li Auto comprises about 15.5% of Ariose Capital Management Ltd's investment portfolio, making the stock its 4th largest position. Ariose Capital Management Ltd owned 0.07% of Li Auto as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of LI. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Li Auto during the second quarter worth $21,626,000. SIH Partners LLLP lifted its position in shares of Li Auto by 508.2% in the 1st quarter. SIH Partners LLLP now owns 890,900 shares of the company's stock worth $26,976,000 after buying an additional 744,419 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Li Auto by 20.5% in the 2nd quarter. American Century Companies Inc. now owns 726,684 shares of the company's stock valued at $12,993,000 after buying an additional 123,838 shares during the period. FIFTHDELTA Ltd bought a new stake in shares of Li Auto during the 1st quarter valued at about $14,816,000. Finally, Capital International Investors raised its stake in Li Auto by 1.1% during the first quarter. Capital International Investors now owns 389,400 shares of the company's stock worth $11,791,000 after acquiring an additional 4,422 shares during the period. Institutional investors and hedge funds own 9.88% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Bank of America upped their target price on Li Auto from $30.00 to $31.00 and gave the company a "buy" rating in a report on Thursday, August 29th. JPMorgan Chase & Co. reduced their price target on shares of Li Auto from $21.00 to $19.00 and set a "neutral" rating for the company in a report on Thursday, August 29th. Citigroup increased their price objective on shares of Li Auto from $25.50 to $29.60 and gave the stock a "neutral" rating in a report on Monday, September 30th. Finally, Macquarie reissued a "neutral" rating and set a $33.00 target price (up from $25.00) on shares of Li Auto in a research note on Friday, October 4th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Li Auto presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.66.

Li Auto Stock Performance

LI stock opened at $26.09 on Wednesday. The company has a 50-day simple moving average of $22.78 and a 200 day simple moving average of $22.40. The company has a market capitalization of $27.68 billion, a P/E ratio of 17.39, a PEG ratio of 2.54 and a beta of 0.98. The company has a quick ratio of 1.63, a current ratio of 1.76 and a debt-to-equity ratio of 0.14. Li Auto Inc. has a fifty-two week low of $17.44 and a fifty-two week high of $46.44.

Li Auto (NASDAQ:LI - Get Free Report) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $0.14 earnings per share for the quarter. Li Auto had a net margin of 7.65% and a return on equity of 13.70%. The company had revenue of $4.36 billion during the quarter. Sell-side analysts predict that Li Auto Inc. will post 1.04 earnings per share for the current fiscal year.

Li Auto 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.