PDD Holdings Inc. (NASDAQ:PDD) is FACT Capital LP's 9th Largest Position

FACT Capital LP reduced its stake in shares of PDD Holdings Inc. (NASDAQ:PDD - Free Report) by 5.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 127,338 shares of the company's stock after selling 7,745 shares during the quarter. PDD makes up about 4.9% of FACT Capital LP's holdings, making the stock its 9th biggest holding. FACT Capital LP's holdings in PDD were worth $12,351,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Baillie Gifford & Co. grew its position in PDD by 5.4% during the 4th quarter. Baillie Gifford & Co. now owns 38,059,343 shares of the company's stock valued at $3,691,376,000 after purchasing an additional 1,942,891 shares during the last quarter. Vanguard Group Inc. grew its position in PDD by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 28,662,609 shares of the company's stock valued at $2,779,986,000 after purchasing an additional 268,662 shares during the last quarter. FMR LLC grew its position in PDD by 22.3% during the 4th quarter. FMR LLC now owns 25,603,183 shares of the company's stock valued at $2,483,253,000 after purchasing an additional 4,673,022 shares during the last quarter. Norges Bank bought a new position in PDD during the 4th quarter valued at about $812,246,000. Finally, FIL Ltd lifted its stake in PDD by 72.4% during the 4th quarter. FIL Ltd now owns 7,978,622 shares of the company's stock valued at $773,847,000 after acquiring an additional 3,350,627 shares during the period. 39.83% of the stock is owned by hedge funds and other institutional investors.

PDD Stock Performance

NASDAQ:PDD traded down $0.25 during trading hours on Friday, reaching $109.65. The company had a trading volume of 3,846,632 shares, compared to its average volume of 11,163,519. PDD Holdings Inc. has a 1-year low of $87.11 and a 1-year high of $164.69. The firm has a market cap of $150.86 billion, a PE ratio of 10.71, a price-to-earnings-growth ratio of 0.32 and a beta of 0.57. The business's 50 day moving average price is $109.90 and its 200-day moving average price is $109.46. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.15 and a quick ratio of 2.15.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on PDD shares. Nomura restated a "neutral" rating and set a $130.00 target price (down previously from $137.00) on shares of PDD in a research note on Thursday, March 20th. Nomura Securities cut shares of PDD from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 21st. JPMorgan Chase & Co. increased their price objective on shares of PDD from $105.00 to $125.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Jefferies Financial Group lowered their price objective on shares of PDD from $171.00 to $156.00 and set a "buy" rating on the stock in a research note on Thursday, March 20th. Finally, Benchmark reiterated a "buy" rating and issued a $160.00 price objective on shares of PDD in a research note on Friday, March 21st. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $169.91.

PDD Company Profile

PDD Holdings Inc, a multinational commerce group, owns and operates a portfolio of businesses. It operates Pinduoduo, an e-commerce platform that offers products in various categories, including agricultural produce, apparel, shoes, bags, mother and childcare products, food and beverage, electronic appliances, furniture and household goods, cosmetics and other personal care, sports and fitness items and auto accessories; and Temu, an online marketplace.