China Universal Asset Management Co. Ltd. Grows Position in Li Auto Inc. (NASDAQ:LI)

China Universal Asset Management Co. Ltd. boosted its holdings in Li Auto Inc. (NASDAQ:LI) by 12.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 35,000 shares of the company’s stock after acquiring an additional 4,000 shares during the quarter. China Universal Asset Management Co. Ltd.’s holdings in Li Auto were worth $898,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Li Auto by 2,556.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,630,537 shares of the company’s stock valued at $93,503,000 after buying an additional 3,493,881 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Li Auto in the second quarter valued at $21,626,000. SIH Partners LLLP increased its position in shares of Li Auto by 508.2% in the first quarter. SIH Partners LLLP now owns 890,900 shares of the company’s stock valued at $26,976,000 after buying an additional 744,419 shares in the last quarter. Ariose Capital Management Ltd purchased a new position in shares of Li Auto in the third quarter valued at $18,099,000. Finally, FIFTHDELTA Ltd purchased a new position in shares of Li Auto in the first quarter valued at $14,816,000. Hedge funds and other institutional investors own 9.88% of the company’s stock.

Li Auto Stock Down 2.4 %

LI opened at $28.42 on Wednesday. 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 firm has a market cap of $30.15 billion, a P/E ratio of 21.21, a PEG ratio of 5.33 and a beta of 0.98. Li Auto Inc. has a 52 week low of $17.44 and a 52 week high of $46.44. The business’s fifty day simple moving average is $23.59 and its 200 day simple moving average is $22.31.

Li Auto (NASDAQ:LI) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $0.14 earnings per share (EPS) for the quarter. Li Auto had a return on equity of 13.70% and a net margin of 7.65%. The firm had revenue of $4.36 billion for the quarter. As a group, equities research analysts anticipate that Li Auto Inc. will post 1.04 EPS for the current fiscal year.

Analyst Ratings Changes

LI has been the subject of a number of research analyst reports. Bank of America raised their price target on Li Auto from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. JPMorgan Chase & Co. dropped their price target on Li Auto from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Thursday, August 29th. Macquarie restated a “neutral” rating and issued a $33.00 price target (up previously from $25.00) on shares of Li Auto in a research report on Friday, October 4th. Finally, Citigroup increased their price objective on Li Auto from $25.50 to $29.60 and gave the company a “neutral” rating in a research note on Monday, September 30th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $32.66.

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.