35,186 Shares in Li Auto Inc. (NASDAQ:LI) Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio bought a new position in shares of Li Auto Inc. (NASDAQ:LI - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 35,186 shares of the company's stock, valued at approximately $903,000.

A number of other institutional investors have also recently made changes to their positions in LI. Aspex Management HK Ltd boosted its stake in Li Auto by 55.0% during the 3rd quarter. Aspex Management HK Ltd now owns 10,643,926 shares of the company's stock worth $273,017,000 after purchasing an additional 3,778,463 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Li Auto by 2,556.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,630,537 shares of the company's stock worth $93,503,000 after buying an additional 3,493,881 shares during the last quarter. FMR LLC grew its stake in Li Auto by 422.4% during the third quarter. FMR LLC now owns 4,252,398 shares of the company's stock worth $109,074,000 after buying an additional 3,438,410 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Li Auto in the 2nd quarter worth approximately $21,626,000. Finally, Ariose Capital Management Ltd purchased a new stake in shares of Li Auto during the third quarter worth about $18,099,000. Institutional investors and hedge funds own 9.88% of the company's stock.

Analysts Set New Price Targets

LI has been the subject of a number of recent research reports. Citigroup boosted their price objective on shares of Li Auto from $25.50 to $29.60 and gave the company a "neutral" rating in a research report on Monday, September 30th. Barclays raised their target price on shares of Li Auto from $22.00 to $31.00 and gave the company an "equal weight" rating in a research note on Monday, November 4th. 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 research note on Thursday, August 29th. Bank of America raised their price objective on shares of Li Auto from $30.00 to $31.00 and gave the company a "buy" rating in a research note on Thursday, August 29th. Finally, Macquarie reaffirmed a "neutral" rating and set a $33.00 target price (up from $25.00) on shares of Li Auto in a report on Friday, October 4th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $33.94.

Li Auto Stock Up 0.9 %

Shares of LI traded up $0.21 during trading hours on Friday, reaching $23.56. The company's stock had a trading volume of 4,335,664 shares, compared to its average volume of 7,752,739. The company has a 50 day moving average of $24.10 and a two-hundred day moving average of $21.95. Li Auto Inc. has a 1-year low of $17.44 and a 1-year high of $46.44. The firm has a market cap of $25.00 billion, a price-to-earnings ratio of 17.45, a P/E/G ratio of 2.18 and a beta of 0.94. The company has a quick ratio of 1.64, a current ratio of 1.76 and a debt-to-equity ratio of 0.13.

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.