Alpha Family Trust Acquires Shares of 2,815 PDD Holdings Inc. Sponsored ADR $PDD

Key Points

• Alpha Family Trust has acquired 2,815 shares of PDD Holdings Inc. valued at approximately $333,000 during the first quarter of the fiscal year.
• PDD Holdings reported a net margin of 24.63% and a year-over-year revenue increase of 10.2%, although it missed EPS expectations for the latest quarter.
• Research analysts have varying ratings for PDD, with an average target price of $144.55 and a consensus rating of "Moderate Buy."

Alpha Family Trust bought a new position in PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 2,815 shares of the company's stock, valued at approximately $333,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Signaturefd LLC grew its position in shares of PDD by 1.3% in the 1st quarter. Signaturefd LLC now owns 8,957 shares of the company's stock worth $1,060,000 after buying an additional 119 shares during the period. Focus Financial Network Inc. grew its position in shares of PDD by 6.3% in the 1st quarter. Focus Financial Network Inc. now owns 2,279 shares of the company's stock worth $270,000 after buying an additional 136 shares during the period. Lindbrook Capital LLC grew its position in shares of PDD by 11.5% in the 1st quarter. Lindbrook Capital LLC now owns 1,930 shares of the company's stock worth $228,000 after buying an additional 199 shares during the period. Hollencrest Capital Management purchased a new stake in shares of PDD in the 1st quarter worth about $26,000. Finally, AE Wealth Management LLC grew its position in shares of PDD by 3.8% in the 1st quarter. AE Wealth Management LLC now owns 6,209 shares of the company's stock worth $735,000 after buying an additional 229 shares during the period. 39.83% of the stock is owned by hedge funds and other institutional investors.

PDD Stock Performance

PDD opened at $118.95 on Monday. The stock has a market capitalization of $165.60 billion, a P/E ratio of 12.80, a P/E/G ratio of 1.69 and a beta of 0.42. The company's 50-day simple moving average is $108.47 and its two-hundred day simple moving average is $110.67. PDD Holdings Inc. Sponsored ADR has a 52-week low of $87.11 and a 52-week high of $155.67.

PDD (NASDAQ:PDD - Get Free Report) last posted its earnings results on Tuesday, May 27th. The company reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.25 by ($0.88). The company had revenue of $13.19 billion for the quarter, compared to the consensus estimate of $103.37 billion. PDD had a net margin of 24.63% and a return on equity of 33.76%. PDD's revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $20.72 EPS. Research analysts forecast that PDD Holdings Inc. Sponsored ADR will post 10.24 EPS for the current fiscal year.

Analysts Set New Price Targets

PDD has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $112.00 target price on shares of PDD in a research report on Wednesday, May 28th. China Renaissance reiterated a "hold" rating and issued a $107.00 price target on shares of PDD in a research note on Wednesday, May 28th. Citigroup upgraded shares of PDD from a "neutral" rating to a "buy" rating and upped their price target for the stock from $127.00 to $165.00 in a research note on Monday, May 12th. Macquarie reiterated an "outperform" rating on shares of PDD in a research note on Tuesday, May 27th. Finally, Barclays cut shares of PDD from a "strong-buy" rating to a "hold" rating in a research note on Sunday, June 1st. Seven analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $144.55.

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.

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