China Universal Asset Management Co. Ltd. Buys 11,695 Shares of PDD Holdings Inc. Sponsored ADR $PDD

Key Points

• China Universal Asset Management boosted its stake in PDD by 41.2%, buying 11,695 shares to hold 40,052 shares worth about $4.54 million at quarter-end.
• Several large institutions also made big moves — notably Assenagon raised its position to 6,728,909 shares (+305.8%, ~$763M) and SG Americas to 3,238,126 shares (+931.4%, ~$367M) — with institutional ownership now at 39.83%.
• Analyst sentiment is mixed: some upgrades (Arete, Nomura) pushed ratings to Buy, but the consensus remains a "Hold" with a $139.67 target while the stock trades near $97.77 (one‑year range $95.24–$139.41).

China Universal Asset Management Co. Ltd. boosted its stake in shares of PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD - Free Report) by 41.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,052 shares of the company's stock after buying an additional 11,695 shares during the quarter. China Universal Asset Management Co. Ltd.'s holdings in PDD were worth $4,541,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PDD. Assenagon Asset Management S.A. lifted its holdings in PDD by 305.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 6,728,909 shares of the company's stock valued at $762,991,000 after buying an additional 5,070,827 shares in the last quarter. Himalaya Capital Management LLC bought a new stake in PDD during the 2nd quarter valued at about $482,273,000. Orbis Allan Gray Ltd lifted its holdings in PDD by 135.6% during the 2nd quarter. Orbis Allan Gray Ltd now owns 5,647,728 shares of the company's stock valued at $591,091,000 after buying an additional 3,250,416 shares in the last quarter. Aspex Management HK Ltd bought a new stake in PDD during the 3rd quarter valued at about $419,287,000. Finally, SG Americas Securities LLC lifted its holdings in PDD by 931.4% during the 4th quarter. SG Americas Securities LLC now owns 3,238,126 shares of the company's stock valued at $367,171,000 after buying an additional 2,924,176 shares in the last quarter. Institutional investors own 39.83% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PDD. Arete Research upgraded shares of PDD from a "neutral" rating to a "buy" rating and set a $121.00 price objective for the company in a report on Friday, April 17th. Nomura upgraded shares of PDD from a "neutral" rating to a "buy" rating and set a $136.00 price objective for the company in a report on Friday, March 27th. Citigroup reiterated a "neutral" rating on shares of PDD in a report on Wednesday, January 28th. Morgan Stanley set a $148.00 price target on shares of PDD in a report on Thursday, January 15th. Finally, Loop Capital set a $170.00 price target on shares of PDD in a report on Tuesday, January 6th. Six equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $139.67.

PDD Stock Performance

NASDAQ:PDD opened at $97.77 on Friday. PDD Holdings Inc. Sponsored ADR has a one year low of $95.24 and a one year high of $139.41. The firm has a market cap of $136.11 billion, a P/E ratio of 10.40, a P/E/G ratio of 0.94 and a beta of 0.07. The firm has a 50-day simple moving average of $101.73 and a 200-day simple moving average of $112.69.

About PDD

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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