Geode Capital Management LLC Grows Stake in PDD Holdings Inc. Sponsored ADR $PDD

Posted by George Bondi on May 31st, 2026

Geode Capital Management LLC grew its stake in shares of PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD – Free Report) by 5.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,759,780 shares of the company’s stock after acquiring an additional 359,921 shares during the quarter. Geode Capital Management LLC’s holdings in PDD were worth $761,720,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of PDD. Genus Capital Management Inc. purchased a new stake in PDD during the 4th quarter valued at about $430,000. Boundless Plain Holdings Ltd bought a new stake in PDD during the 4th quarter valued at about $146,812,000. Global Retirement Partners LLC raised its holdings in PDD by 214.3% in the fourth quarter. Global Retirement Partners LLC now owns 1,389 shares of the company’s stock worth $157,000 after buying an additional 947 shares during the last quarter. ABN Amro Investment Solutions purchased a new position in PDD in the fourth quarter worth about $714,000. Finally, IFP Advisors Inc lifted its stake in shares of PDD by 5,346.4% in the fourth quarter. IFP Advisors Inc now owns 3,050 shares of the company’s stock worth $346,000 after buying an additional 2,994 shares in the last quarter. Hedge funds and other institutional investors own 39.83% of the company’s stock.

Key Headlines Impacting PDD

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PDD. Benchmark cut their price target on shares of PDD from $160.00 to $127.00 and set a “buy” rating on the stock in a report on Thursday. Arete Research upgraded shares of PDD from a “neutral” rating to a “buy” rating and set a $121.00 price objective for the company in a report on Friday, April 17th. Sanford C. Bernstein lowered their price objective on PDD from $132.00 to $110.00 and set a “market perform” rating on the stock in a research report on Wednesday. The Goldman Sachs Group reiterated a “buy” rating on shares of PDD in a research note on Thursday. Finally, Nomura cut PDD from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Seven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, PDD currently has an average rating of “Moderate Buy” and a consensus target price of $131.33.

Get Our Latest Stock Analysis on PDD

PDD Stock Up 1.7%

PDD opened at $84.44 on Friday. The stock has a market capitalization of $120.19 billion, a price-to-earnings ratio of 9.12, a PEG ratio of 0.80 and a beta of 0.04. The firm has a 50 day moving average price of $98.37 and a 200-day moving average price of $106.39. PDD Holdings Inc. Sponsored ADR has a twelve month low of $81.56 and a twelve month high of $139.41.

PDD (NASDAQ:PDD – Get Free Report) last released its quarterly earnings results on Friday, May 15th. The company reported $0.34 earnings per share (EPS) for the quarter. PDD had a return on equity of 25.04% and a net margin of 21.86%.The firm had revenue of $15.41 million for the quarter. As a group, analysts expect that PDD Holdings Inc. Sponsored ADR will post 10.98 earnings per share for the current year.

PDD Company Profile

(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.