Ariose Capital Management Ltd purchased a new position in shares of Li Auto Inc. (NASDAQ:LI - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 705,612 shares of the company's stock, valued at approximately $18,099,000. Li Auto makes up about 15.5% of Ariose Capital Management Ltd's investment portfolio, making the stock its 4th biggest holding. Ariose Capital Management Ltd owned 0.07% of Li Auto at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new position in shares of Li Auto in the third quarter valued at approximately $39,000. Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of Li Auto by 58.7% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,549 shares of the company's stock valued at $28,000 after acquiring an additional 573 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Li Auto by 1,707.4% during the second quarter. Blue Trust Inc. now owns 1,952 shares of the company's stock worth $35,000 after purchasing an additional 1,844 shares during the last quarter. Ballentine Partners LLC increased its position in Li Auto by 20.6% in the 1st quarter. Ballentine Partners LLC now owns 7,199 shares of the company's stock valued at $218,000 after acquiring an additional 1,232 shares during the period. Finally, Quantbot Technologies LP bought a new position in Li Auto during the 1st quarter worth $219,000. 9.88% of the stock is currently owned by institutional investors and hedge funds.
Li Auto Stock Up 3.8 %
Shares of NASDAQ LI traded up $0.98 on Wednesday, reaching $27.07. 7,586,866 shares of the company's stock traded hands, compared to its average volume of 8,050,544. Li Auto Inc. has a 12 month low of $17.44 and a 12 month high of $46.44. The company has a quick ratio of 1.63, a current ratio of 1.76 and a debt-to-equity ratio of 0.14. The company has a market cap of $28.72 billion, a price-to-earnings ratio of 17.98, a price-to-earnings-growth ratio of 2.54 and a beta of 0.98. The business's 50 day simple moving average is $22.78 and its two-hundred day simple moving average is $22.40.
Li Auto (NASDAQ:LI - Get Free Report) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $0.14 earnings per share (EPS) for the quarter. The firm had revenue of $4.36 billion for the quarter. Li Auto had a return on equity of 13.70% and a net margin of 7.65%. As a group, equities research analysts forecast that Li Auto Inc. will post 1.04 EPS for the current fiscal year.
Analysts Set New Price Targets
LI has been the topic of several research analyst reports. 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 research report on Thursday, August 29th. Citigroup lifted their price target on Li Auto from $25.50 to $29.60 and gave the company a "neutral" rating in a research note on Monday, September 30th. Macquarie reiterated a "neutral" rating and issued a $33.00 target price (up previously from $25.00) on shares of Li Auto in a report on Friday, October 4th. Finally, JPMorgan Chase & Co. cut their price objective on Li Auto from $21.00 to $19.00 and set a "neutral" rating on the stock in a research report on Thursday, August 29th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $32.66.
Check Out Our Latest Report on LI
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.
Featured Articles
Before you consider Li Auto, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Li Auto wasn't on the list.
While Li Auto currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
