PDD Holdings Inc. Sponsored ADR $PDD Position Increased by Capital International Inc. CA

Capital International Inc. CA raised its holdings in shares of PDD Holdings Inc. Sponsored ADR (NASDAQ:PDDFree Report) by 14.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 409,537 shares of the company’s stock after purchasing an additional 52,371 shares during the quarter. Capital International Inc. CA’s holdings in PDD were worth $46,437,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Binnacle Investments Inc boosted its holdings in PDD by 281.7% during the third quarter. Binnacle Investments Inc now owns 271 shares of the company’s stock worth $36,000 after buying an additional 200 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of PDD by 595.0% in the 4th quarter. GAMMA Investing LLC now owns 278 shares of the company’s stock valued at $32,000 after acquiring an additional 238 shares in the last quarter. Wexford Capital LP purchased a new stake in shares of PDD in the 3rd quarter valued at approximately $44,000. Assetmark Inc. lifted its position in shares of PDD by 314.4% in the 3rd quarter. Assetmark Inc. now owns 402 shares of the company’s stock valued at $53,000 after acquiring an additional 305 shares in the last quarter. Finally, Larson Financial Group LLC lifted its position in shares of PDD by 720.4% in the 3rd quarter. Larson Financial Group LLC now owns 402 shares of the company’s stock valued at $53,000 after acquiring an additional 353 shares in the last quarter. 39.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PDD has been the subject of several research analyst reports. Benchmark reduced their price target on shares of PDD from $160.00 to $127.00 and set a “buy” rating for the company in a research report on Thursday, May 28th. Arete Research upgraded shares of PDD from a “neutral” rating to a “buy” rating and set a $121.00 price target for the company in a research report on Friday, April 17th. Morgan Stanley set a $129.00 target price on shares of PDD in a research report on Wednesday, May 27th. Jefferies Financial Group reiterated a “buy” rating on shares of PDD in a research report on Wednesday, May 27th. Finally, Nomura downgraded shares of PDD from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 28th. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $131.33.

View Our Latest Research Report on PDD

PDD Stock Down 0.9%

PDD stock opened at $85.07 on Friday. PDD Holdings Inc. Sponsored ADR has a 12-month low of $81.56 and a 12-month high of $139.41. The company has a market cap of $121.09 billion, a price-to-earnings ratio of 9.19, a PEG ratio of 0.80 and a beta of -0.02. The company has a 50 day moving average of $97.20 and a two-hundred day moving average of $104.68.

PDD (NASDAQ:PDDGet Free Report) last announced its quarterly earnings results on Friday, May 15th. The company reported $0.34 EPS for the quarter. PDD had a net margin of 21.86% and a return on equity of 24.32%. The company had revenue of $15.41 million for the quarter. On average, research analysts anticipate that PDD Holdings Inc. Sponsored ADR will post 10.98 EPS 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.

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Institutional Ownership by Quarter for PDD (NASDAQ:PDD)

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