Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD – Free Report) by 36.4% during the 4th quarter, HoldingsChannel reports. The firm owned 710,731 shares of the company’s stock after purchasing an additional 189,755 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in PDD were worth $80,590,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. Advisory Services Network LLC boosted its holdings in shares of PDD by 0.7% during the 3rd quarter. Advisory Services Network LLC now owns 15,458 shares of the company’s stock worth $2,043,000 after purchasing an additional 102 shares during the last quarter. West Family Investments Inc. boosted its holdings in shares of PDD by 2.8% during the 3rd quarter. West Family Investments Inc. now owns 4,026 shares of the company’s stock worth $532,000 after purchasing an additional 110 shares during the last quarter. Range Financial Group LLC boosted its holdings in shares of PDD by 3.8% during the 4th quarter. Range Financial Group LLC now owns 3,620 shares of the company’s stock worth $410,000 after purchasing an additional 131 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of PDD by 4.3% during the 4th quarter. Fifth Third Bancorp now owns 3,649 shares of the company’s stock worth $414,000 after purchasing an additional 151 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of PDD by 10.2% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,832 shares of the company’s stock worth $242,000 after purchasing an additional 170 shares during the last quarter. 39.83% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several analysts have recently commented on the stock. Barclays lowered shares of PDD from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $165.00 to $89.00 in a research report on Thursday, May 28th. Jefferies Financial Group reaffirmed a “buy” rating on shares of PDD in a research report on Wednesday, May 27th. Citigroup reduced their price target on shares of PDD from $142.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, May 27th. Morgan Stanley set a $129.00 price target on shares of PDD in a research report on Wednesday, May 27th. Finally, Nomura lowered shares of PDD from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 28th. Seven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $131.33.
PDD Price Performance
Shares of NASDAQ PDD opened at $81.56 on Monday. The firm has a market cap of $116.09 billion, a price-to-earnings ratio of 8.81, a PEG ratio of 0.85 and a beta of -0.01. PDD Holdings Inc. Sponsored ADR has a 52-week low of $78.87 and a 52-week high of $139.41. The business’s 50 day moving average is $95.33 and its two-hundred day moving average is $103.33.
PDD (NASDAQ:PDD – Get Free Report) last announced its earnings results on Wednesday, May 27th. The company reported $1.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.40 by ($1.02). The firm had revenue of $15.41 billion during the quarter, compared to analysts’ expectations of $15.92 billion. PDD had a net margin of 21.86% and a return on equity of 24.32%. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.57 EPS. Analysts anticipate that PDD Holdings Inc. Sponsored ADR will post 9.92 EPS for the current fiscal year.
Key PDD News
Here are the key news stories impacting PDD this week:
- Negative Sentiment: Analysts have turned more cautious on PDD, with one report saying the stock’s modeled fair value was cut from US$148.52 to US$119.85, reflecting worries about heavier investment, softer monetization, and slower order growth. PDD Holdings (PDD) Stock Fair Value Falls After Analysts Cut Targets On Q1 Concerns
- Negative Sentiment: Multiple law firms are continuing securities fraud investigations into PDD Holdings, keeping legal and headline risk elevated for shareholders. Securities Fraud Investigation Into PDD Holdings Inc. (PDD) Continues
- Negative Sentiment: Another legal notice from Frank R. Cruz’s law firm said it is still investigating PDD, adding to concerns about possible federal securities-law violations. Securities Fraud Investigation Into PDD Holdings Inc. (PDD) Continues
- Neutral Sentiment: PDD is drawing unusual investor attention, with Zacks noting heavy web searches and option-market activity, which can signal rising speculation but does not by itself confirm a fundamental change. Investors Heavily Search PDD Holdings Inc. Sponsored ADR (PDD): Here is What You Need to Know
- Neutral Sentiment: Options-trading activity has also picked up around PDD, suggesting traders are positioning for a larger move, but the direction remains unclear. Do Options Traders Know Something About PDD Holdings Stock We Don’t?
PDD Profile
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.
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