PDD Holdings Inc. Sponsored ADR $PDD Shares Bought by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP increased its holdings in PDD Holdings Inc. by 7.9%, owning approximately 2.88 million shares valued at $341.5 million.
• PDD Holdings reported Q1 earnings with an EPS of $1.37, missing the consensus estimate of $2.25, alongside revenue of $13.19 billion.
• Analysts maintain a consensus price target of $144.55 for PDD, with ratings ranging from "hold" to "buy."

Dimensional Fund Advisors LP raised its stake in shares of PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD - Free Report) by 7.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,884,942 shares of the company's stock after purchasing an additional 212,040 shares during the period. Dimensional Fund Advisors LP owned 0.21% of PDD worth $341,498,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Signaturefd LLC grew its stake in PDD by 1.3% during the first 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 stake in PDD by 6.3% during the first 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 stake in PDD by 11.5% during the first 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 PDD during the first quarter worth approximately $26,000. Finally, AE Wealth Management LLC grew its stake in PDD by 3.8% during the first 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 currently owned by hedge funds and other institutional investors.

PDD Trading Up 0.6%

NASDAQ PDD traded up $0.73 during trading hours on Tuesday, reaching $119.07. 6,026,022 shares of the company traded hands, compared to its average volume of 6,415,228. PDD Holdings Inc. Sponsored ADR has a 12 month low of $87.11 and a 12 month high of $155.67. The stock has a market capitalization of $165.76 billion, a PE ratio of 12.82, a PEG ratio of 1.68 and a beta of 0.42. The company has a 50 day moving average of $109.14 and a two-hundred day moving average of $110.77.

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

Wall Street Analyst Weigh In

Several research firms have issued reports on PDD. Barclays downgraded shares of PDD from a "strong-buy" rating to a "hold" rating in a research note on Sunday, June 1st. JPMorgan Chase & Co. decreased their price objective on shares of PDD from $125.00 to $105.00 and set a "neutral" rating for the company in a research note on Wednesday, May 28th. Macquarie restated an "outperform" rating on shares of PDD in a research note on Tuesday, May 27th. Benchmark decreased their target price on shares of PDD from $160.00 to $128.00 and set a "buy" rating for the company in a research note on Wednesday, May 28th. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $112.00 target price on shares of PDD in a research note on Wednesday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $144.55.

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.