Aware Super Pty Ltd as trustee of Aware Super Acquires 2,139 Shares of PDD Holdings Inc. Sponsored ADR $PDD

Key Points

• Aware Super Pty Ltd increased its stake in PDD Holdings by 3.0%, adding 2,139 shares to its holdings, resulting in a total of 73,243 shares valued at approximately $7.67 million.
• PDD Holdings Inc. has a market capitalization of $177.61 billion and has seen significant analyst activity, with price targets as high as $165.00 from various research firms.
• Institutional investors currently own almost 40% of PDD's stock, indicating a strong interest from large financial entities in the company.

Aware Super Pty Ltd as trustee of Aware Super raised its holdings in shares of PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD - Free Report) by 3.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 73,243 shares of the company's stock after buying an additional 2,139 shares during the quarter. Aware Super Pty Ltd as trustee of Aware Super's holdings in PDD were worth $7,666,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Hollencrest Capital Management purchased a new stake in PDD during the first quarter valued at about $26,000. Ameritas Advisory Services LLC bought a new stake in shares of PDD in the 2nd quarter worth approximately $28,000. IFP Advisors Inc boosted its stake in shares of PDD by 245.8% in the 1st quarter. IFP Advisors Inc now owns 408 shares of the company's stock valued at $48,000 after purchasing an additional 290 shares in the last quarter. Goldstream Capital Management Ltd bought a new position in shares of PDD during the 1st quarter valued at $102,000. Finally, Leading Securities Co Ltd purchased a new position in PDD in the 2nd quarter worth $105,000. Hedge funds and other institutional investors own 39.83% of the company's stock.

PDD Stock Performance

Shares of PDD opened at $127.58 on Thursday. The stock has a market cap of $177.61 billion, a PE ratio of 13.84, a price-to-earnings-growth ratio of 1.50 and a beta of 0.40. The firm's 50-day simple moving average is $125.62 and its two-hundred day simple moving average is $112.89. PDD Holdings Inc. Sponsored ADR has a fifty-two week low of $87.11 and a fifty-two week high of $136.84.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Zacks Research upgraded PDD from a "hold" rating to a "strong-buy" rating in a report on Friday, August 29th. Bank of America raised their price target on PDD from $120.00 to $141.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 26th. Macquarie set a $165.00 price target on PDD and gave the stock an "outperform" rating in a research note on Monday, August 25th. Barclays increased their price objective on PDD from $158.00 to $165.00 and gave the company an "overweight" rating in a research note on Tuesday, August 26th. Finally, New Street Research cut shares of PDD from a "buy" rating to a "neutral" rating and set a $120.00 target price on the stock. in a report on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $137.82.

PDD 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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