Crake Asset Management LLP Purchases Shares of 46,000 PDD Holdings Inc. Sponsored ADR $PDD

Posted by George Bondi on May 31st, 2026

Crake Asset Management LLP purchased a new stake in shares of PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD – Free Report) in the 4th quarter, HoldingsChannel reports. The firm purchased 46,000 shares of the company’s stock, valued at approximately $5,216,000. PDD makes up 0.2% of Crake Asset Management LLP’s portfolio, making the stock its 17th largest holding.

Other institutional investors also recently modified their holdings of the company. Norges Bank purchased a new stake in PDD in the 4th quarter worth approximately $1,065,446,000. Assenagon Asset Management S.A. grew its position in shares of PDD by 305.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 6,728,909 shares of the company’s stock worth $762,991,000 after buying an additional 5,070,827 shares during the last quarter. Himalaya Capital Management LLC bought a new stake in shares of PDD in the 2nd quarter worth approximately $482,273,000. Orbis Allan Gray Ltd grew its position in shares of PDD by 135.6% in the 2nd quarter. Orbis Allan Gray Ltd now owns 5,647,728 shares of the company’s stock worth $591,091,000 after buying an additional 3,250,416 shares during the last quarter. Finally, Aspex Management HK Ltd bought a new stake in shares of PDD in the 3rd quarter worth approximately $419,287,000. 39.83% of the stock is currently owned by hedge funds and other institutional investors.

More PDD News

Here are the key news stories impacting PDD this week:

Positive Sentiment: One commentary piece argued the recent sell-off may be overdone and maintained a bullish view on PDD Holdings, suggesting some investors still see upside after the pullback. PDD Holdings: Unjustified Sell-Off, Strong Buy
Neutral Sentiment: Benchmark lowered its price target on PDD but kept a buy rating, indicating Wall Street still sees meaningful upside even after trimming expectations. Benchmark price target cut
Neutral Sentiment: Barclays cut its rating to equal weight and sharply reduced its price target, reflecting a more cautious stance on the stock’s near-term setup. Barclays downgrade
Negative Sentiment: PDD’s latest quarterly results missed EPS and revenue estimates, even though revenue still rose year over year; investors focused on the miss as a sign growth is becoming harder to sustain. PDD Holdings Q1 Earnings Lag Estimates
Negative Sentiment: Temu was hit with a €200 million EU fine over compliance issues, adding a fresh regulatory overhang for PDD’s fast-growing international business. Temu Hit With €200 Million EU Fine
Negative Sentiment: Multiple law firms announced or continued securities-fraud investigations tied to PDD, which can weigh on sentiment and increase headline risk for shareholders. Securities Fraud Investigation Continues

Wall Street Analyst Weigh In

PDD has been the topic of a number of recent analyst reports. Benchmark cut their price objective on PDD from $160.00 to $127.00 and set a “buy” rating on the stock in a research report on Thursday. The Goldman Sachs Group reiterated a “buy” rating on shares of PDD in a research report on Thursday. Arete Research raised shares of PDD from a “neutral” rating to a “buy” rating and set a $121.00 price target for the company in a research note on Friday, April 17th. Jefferies Financial Group reissued a “buy” rating on shares of PDD in a research note on Wednesday. Finally, Morgan Stanley set a $129.00 price target on shares of PDD in a research note on Wednesday. Seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $131.33.

Check Out Our Latest Report on PDD

PDD Stock Performance

Shares of NASDAQ PDD opened at $84.44 on Friday. PDD Holdings Inc. Sponsored ADR has a fifty-two week low of $81.56 and a fifty-two week high of $139.41. The company has a 50 day simple moving average of $98.37 and a two-hundred day simple moving average of $106.39. The company has a market capitalization of $120.19 billion, a price-to-earnings ratio of 9.12, a P/E/G ratio of 0.80 and a beta of 0.04.

PDD (NASDAQ:PDD – Get Free Report) last announced its earnings results on Friday, May 15th. The company reported $0.34 earnings per share for the quarter. PDD had a net margin of 21.86% and a return on equity of 25.04%. The business had revenue of $15.41 million during the quarter. On average, analysts forecast that PDD Holdings Inc. Sponsored ADR will post 10.98 earnings per share for the current fiscal year.

About PDD

(Free Report)

PDD (NASDAQ: PDD) is the holding company best known for operating Pinduoduo, a China-based, mobile-first e-commerce platform that emphasizes interactive, social shopping and group-buying mechanics to drive user engagement and low prices. Founded in 2015 by entrepreneur Colin Huang, the business has grown by connecting consumers directly with merchants and manufacturers, with particular emphasis on value-oriented goods and fresh agricultural produce. The company is based in Shanghai and completed a U.S.