Fideuram Asset Management Ireland dac Invests $10.51 Million in PDD Holdings Inc. Sponsored ADR $PDD

Key Points

• Fideuram Asset Management Ireland dac opened a new position in PDD Holdings, buying 89,220 shares worth about $10.51 million in the fourth quarter. The stake makes PDD its 26th largest holding and represents 0.8% of its portfolio.
• Several other hedge funds and institutional investors also increased or initiated positions in PDD, while overall institutional ownership stands at 39.83%. This suggests continued interest from larger investors despite recent volatility.
• Analyst sentiment is mixed but still somewhat constructive: firms including Arete, Goldman Sachs, Citigroup, Barclays, and Morgan Stanley have updated targets, with the stock carrying an average “Moderate Buy” rating and a consensus price target of $131.33.

Fideuram Asset Management Ireland dac bought a new position in PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 89,220 shares of the company's stock, valued at approximately $10,509,000. PDD accounts for 0.8% of Fideuram Asset Management Ireland dac's holdings, making the stock its 26th largest holding.

Several other institutional investors and hedge funds also recently modified their holdings of PDD. Binnacle Investments Inc lifted its stake in shares of PDD by 281.7% in the third quarter. Binnacle Investments Inc now owns 271 shares of the company's stock worth $36,000 after acquiring an additional 200 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of PDD by 595.0% in the fourth quarter. GAMMA Investing LLC now owns 278 shares of the company's stock worth $32,000 after acquiring an additional 238 shares in the last quarter. Wexford Capital LP acquired a new position in shares of PDD in the third quarter worth about $44,000. Assetmark Inc. lifted its stake in shares of PDD by 314.4% in the third quarter. Assetmark Inc. now owns 402 shares of the company's stock worth $53,000 after acquiring an additional 305 shares in the last quarter. Finally, Larson Financial Group LLC lifted its stake in shares of PDD by 720.4% in the third quarter. Larson Financial Group LLC now owns 402 shares of the company's stock worth $53,000 after acquiring an additional 353 shares in the last quarter. Hedge funds and other institutional investors own 39.83% of the company's stock.

PDD News Roundup

Here are the key news stories impacting PDD this week:

• Positive Sentiment: Some analysts still see meaningful upside, with Benchmark maintaining a buy rating even after lowering its price target, and another note describing the recent sell-off as potentially overdone. Benchmark price target update Seeking Alpha article
• Neutral Sentiment: PDD reported Q1 revenue growth of about 11% to 17% and transaction-services strength, but earnings and revenue still missed Wall Street estimates, showing the business is growing but not fast enough to meet expectations. Businesswire investigation Zacks earnings report
• Neutral Sentiment: The company is also facing multiple securities-fraud investigation notices from law firms, which can add headline risk but do not necessarily change fundamentals on their own. TMCnet investigation notice Howard G. Smith investigation
• Negative Sentiment: Investors are reacting to weaker-than-expected profit and revenue, plus management’s heavier spending on supply-chain expansion and Temu growth, which may pressure margins in the near term. MSN revenue miss article Proactive Investors article WSJ article
• Negative Sentiment: Wall Street has reset expectations lower, with Barclays sharply reducing its target and other coverage pointing to rising spending and tougher competition, reinforcing a more cautious outlook for PDD. Barclays target cut Supply chain push article

Analysts Set New Price Targets

Several brokerages have issued reports on PDD. Arete Research upgraded PDD from a "neutral" rating to a "buy" rating and set a $121.00 price objective on the stock in a research note on Friday, April 17th. The Goldman Sachs Group restated a "buy" rating on shares of PDD in a research note on Thursday. Citigroup cut their price objective on PDD from $142.00 to $123.00 and set a "buy" rating on the stock in a research note on Wednesday. Barclays restated an "equal weight" rating and set a $89.00 price objective (down from $165.00) on shares of PDD in a research note on Thursday. Finally, Morgan Stanley set a $129.00 price objective on PDD in a research note on Wednesday. Eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, PDD has an average rating of "Moderate Buy" and an average target price of $131.33.

PDD Price Performance

Shares of PDD stock opened at $83.03 on Friday. PDD Holdings Inc. Sponsored ADR has a 12-month low of $81.56 and a 12-month high of $139.41. The firm has a market capitalization of $118.18 billion, a price-to-earnings ratio of 8.97, a price-to-earnings-growth ratio of 0.82 and a beta of 0.04. The business has a 50 day simple moving average of $98.70 and a 200 day simple moving average of $106.55.

PDD (NASDAQ:PDD - Get Free Report) last issued its quarterly earnings results on Friday, May 15th. The company reported $0.34 earnings per share (EPS) for the quarter. The firm had revenue of $15.41 million during the quarter. PDD had a return on equity of 25.04% and a net margin of 21.86%. On average, equities analysts anticipate that PDD Holdings Inc. Sponsored ADR will post 10.98 EPS for the current fiscal year.

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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