Li Auto Inc. (NASDAQ:LI) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. grew its position in Li Auto Inc. (NASDAQ:LI - Free Report) by 2,556.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,630,537 shares of the company's stock after purchasing an additional 3,493,881 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.34% of Li Auto worth $93,503,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of LI. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Li Auto during the second quarter worth about $21,626,000. SIH Partners LLLP grew its holdings in Li Auto by 508.2% during the first quarter. SIH Partners LLLP now owns 890,900 shares of the company's stock worth $26,976,000 after acquiring an additional 744,419 shares during the period. Ariose Capital Management Ltd acquired a new stake in Li Auto during the third quarter worth about $18,099,000. FIFTHDELTA Ltd purchased a new position in Li Auto during the first quarter worth approximately $14,816,000. Finally, SG Americas Securities LLC boosted its position in Li Auto by 806.4% during the third quarter. SG Americas Securities LLC now owns 167,407 shares of the company's stock worth $4,294,000 after purchasing an additional 148,937 shares in the last quarter. 9.88% of the stock is owned by institutional investors and hedge funds.

Li Auto Trading Up 5.1 %

Li Auto stock traded up $1.39 during trading on Friday, reaching $28.79. 8,584,038 shares of the company were exchanged, compared to its average volume of 8,039,850. Li Auto Inc. has a 52-week low of $17.44 and a 52-week high of $46.44. The company has a market capitalization of $30.55 billion, a P/E ratio of 21.49, a PEG ratio of 5.33 and a beta of 0.98. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.76 and a quick ratio of 1.63. The stock's 50 day simple moving average is $23.28 and its two-hundred day simple moving average is $22.45.

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

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. lowered their price target 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. Citigroup raised their target price on Li Auto from $25.50 to $29.60 and gave the company a "neutral" rating in a research report on Monday, September 30th. Macquarie restated a "neutral" rating and issued a $33.00 target price (up previously from $25.00) on shares of Li Auto in a research report on Friday, October 4th. Finally, Bank of America raised 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. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, Li Auto has a consensus rating of "Moderate Buy" and a consensus target price of $32.66.

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.