B. Metzler seel. Sohn & Co. AG Has $6.60 Million Stake in PDD Holdings Inc. Sponsored ADR $PDD

Key Points

• B. Metzler seel. Sohn & Co. AG boosted its stake in PDD by 113.5% in Q4 to 58,208 shares, worth about $6.60 million.
• PDD shares traded around $97.77 (52‑week range $95.24–$139.41) with a market cap of $136.11 billion, a P/E of 10.40, and 50/200‑day moving averages near $101.73 and $112.69 respectively.
• Analysts are mixed: PDD's consensus rating is "Hold" with an average price target of $139.67, though several firms recently upgraded the stock while others lowered ratings.

B. Metzler seel. Sohn & Co. AG boosted its holdings in shares of PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD - Free Report) by 113.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,208 shares of the company's stock after purchasing an additional 30,945 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in PDD were worth $6,600,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in PDD by 595.0% during the 4th quarter. GAMMA Investing LLC now owns 278 shares of the company's stock valued at $32,000 after purchasing an additional 238 shares in the last quarter. Binnacle Investments Inc increased its holdings in PDD by 281.7% during the 3rd quarter. Binnacle Investments Inc now owns 271 shares of the company's stock valued at $36,000 after purchasing an additional 200 shares in the last quarter. Wexford Capital LP acquired a new stake in shares of PDD in the 3rd quarter valued at $44,000. Assetmark Inc. increased its stake 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 buying an additional 305 shares during the period. Finally, Larson Financial Group LLC increased its stake 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 buying an additional 353 shares during the period. 39.83% of the stock is owned by institutional investors and hedge funds.

PDD Stock Performance

NASDAQ PDD opened at $97.77 on Friday. PDD Holdings Inc. Sponsored ADR has a 52 week low of $95.24 and a 52 week high of $139.41. The stock has a market capitalization of $136.11 billion, a P/E ratio of 10.40, a price-to-earnings-growth ratio of 0.94 and a beta of 0.07. The stock has a fifty day moving average of $101.73 and a 200-day moving average of $112.69.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on PDD shares. Wall Street Zen cut PDD from a "buy" rating to a "hold" rating in a research note on Saturday, January 31st. Citigroup reissued a "neutral" rating on shares of PDD in a research note on Wednesday, January 28th. Loop Capital set a $170.00 target price on PDD in a research note on Tuesday, January 6th. Arete Research raised PDD from a "neutral" rating to a "buy" rating and set a $121.00 target price for the company in a research note on Friday, April 17th. Finally, Nomura raised PDD from a "neutral" rating to a "buy" rating and set a $136.00 target price for the company in a research note on Friday, March 27th. Six research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, PDD presently has an average rating of "Hold" and an average price target of $139.67.

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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