USS Investment Management Ltd decreased its stake in PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD – Free Report) by 20.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 375,076 shares of the company’s stock after selling 96,978 shares during the period. USS Investment Management Ltd’s holdings in PDD were worth $42,517,000 as of its most recent filing with the SEC.
Other hedge funds have also added to or reduced their stakes in the company. Binnacle Investments Inc raised its position in shares of PDD by 281.7% in the third quarter. Binnacle Investments Inc now owns 271 shares of the company’s stock valued at $36,000 after purchasing an additional 200 shares during the period. GAMMA Investing LLC raised its position in shares of PDD by 595.0% in the fourth quarter. GAMMA Investing LLC now owns 278 shares of the company’s stock valued at $32,000 after purchasing an additional 238 shares during the period. Wexford Capital LP bought a new stake in shares of PDD in the third quarter valued at approximately $44,000. Smartleaf Asset Management LLC raised its position in shares of PDD by 230.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 377 shares of the company’s stock valued at $43,000 after purchasing an additional 263 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of PDD in the fourth quarter valued at approximately $44,000. Institutional investors own 39.83% of the company’s stock.
Key Stories Impacting PDD
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?
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on PDD
PDD Stock Performance
PDD stock opened at $81.56 on Monday. The firm’s 50 day simple moving average is $95.33 and its 200 day simple moving average is $103.33. The firm has a market capitalization of $116.09 billion, a PE ratio of 8.81, a price-to-earnings-growth ratio of 0.85 and a beta of -0.01. PDD Holdings Inc. Sponsored ADR has a 1-year low of $78.87 and a 1-year high of $139.41.
PDD (NASDAQ:PDD – Get Free Report) last issued its quarterly earnings results on Wednesday, May 27th. The company reported $1.38 EPS for the quarter, missing analysts’ consensus estimates of $2.40 by ($1.02). The company had revenue of $15.41 billion during the quarter, compared to the consensus estimate of $15.92 billion. PDD had a return on equity of 24.32% and a net margin of 21.86%.PDD’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.57 EPS. Research analysts forecast that PDD Holdings Inc. Sponsored ADR will post 9.92 earnings per share for the current year.
PDD Company 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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