9,396,292 Shares in PDD Holdings Inc. Sponsored ADR $PDD Acquired by Norges Bank

Posted by on May 31st, 2026

Norges Bank purchased a new position in PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD – Free Report) during the fourth quarter, HoldingsChannel reports. The fund purchased 9,396,292 shares of the company’s stock, valued at approximately $1,065,446,000.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in PDD by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 32,810,630 shares of the company’s stock worth $3,720,397,000 after acquiring an additional 425,908 shares during the last quarter. Geode Capital Management LLC increased its stake in PDD by 5.6% in the 4th quarter. Geode Capital Management LLC now owns 6,759,780 shares of the company’s stock worth $761,720,000 after acquiring an additional 359,921 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in 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 acquiring an additional 5,070,827 shares during the last quarter. First Beijing Investment Ltd increased its stake in PDD by 10.6% in the 3rd quarter. First Beijing Investment Ltd now owns 6,168,721 shares of the company’s stock worth $815,320,000 after acquiring an additional 590,869 shares during the last quarter. Finally, Krane Funds Advisors LLC increased its stake in PDD by 25.5% in the 3rd quarter. Krane Funds Advisors LLC now owns 6,139,072 shares of the company’s stock worth $792,431,000 after acquiring an additional 1,247,634 shares during the last quarter. Institutional investors own 39.83% of the company’s stock.

PDD News Roundup

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 Analysts Forecast Growth

PDD has been the topic of a number of research reports. Wall Street Zen downgraded PDD from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Arete Research upgraded shares of PDD from a “neutral” rating to a “buy” rating and set a $121.00 price objective on the stock in a research report on Friday, April 17th. The Goldman Sachs Group reiterated a “buy” rating on shares of PDD in a research report on Thursday. Jefferies Financial Group reiterated a “buy” rating on shares of PDD in a research report on Wednesday. Finally, Barclays cut shares of PDD from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $165.00 to $89.00 in a research report on Thursday. Seven 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 target price of $131.33.

Check Out Our Latest Stock Analysis on PDD

PDD Stock Up 1.7%

Shares of PDD stock opened at $84.44 on Friday. The stock’s fifty day moving average is $98.37 and its two-hundred day moving average is $106.39. The company has a market capitalization of $120.19 billion, a PE ratio of 9.12, a price-to-earnings-growth ratio of 0.80 and a beta of 0.04. PDD Holdings Inc. Sponsored ADR has a 52 week low of $81.56 and a 52 week high of $139.41.

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

PDD 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.

Featured Articles

Want to see what other hedge funds are holding PDD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD – Free Report).

Institutional Ownership by Quarter for PDD (NASDAQ:PDD)

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