Greenwoods Asset Management Hong Kong Ltd. Has $365.05 Million Position in PDD Holdings Inc. Sponsored ADR $PDD

Key Points

• Greenwoods Asset Management Hong Kong reduced its PDD position by 6.2% in the second quarter, selling 318,138 shares. It still held 4.79 million shares worth approximately $365.1 million, representing 16.7% of the fund’s portfolio.
• PDD exceeded quarterly earnings expectations with $2.84 in EPS and $16.54 billion in revenue, but revenue growth slowed to 8% and GAAP net income declined 12% as subsidies, AI spending and merchant investments pressured profitability.
• Investor sentiment remains cautious: PDD shares opened at $84.69, while analysts’ consensus rating was “Hold” with a $117.17 average price target. Competition, regulatory risks, moderating online-marketing revenue and uncertainty around Temu and supply-chain investments continue to weigh on the outlook.

Greenwoods Asset Management Hong Kong Ltd. reduced its holdings in PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD - Free Report) by 6.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 4,785,666 shares of the company's stock after selling 318,138 shares during the quarter. PDD makes up 16.7% of Greenwoods Asset Management Hong Kong Ltd.'s portfolio, making the stock its 3rd biggest position. Greenwoods Asset Management Hong Kong Ltd. owned approximately 0.34% of PDD worth $365,051,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Binnacle Investments Inc lifted its position in PDD by 281.7% in 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 during the last quarter. Grove Bank & Trust bought a new position in PDD in the 2nd quarter worth about $38,000. Smartleaf Asset Management LLC grew its position in PDD by 230.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 377 shares of the company's stock worth $43,000 after purchasing an additional 263 shares during the last quarter. Wexford Capital LP acquired a new stake in shares of PDD in the third quarter valued at approximately $44,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of PDD in the fourth quarter valued at approximately $44,000. 39.83% of the stock is owned by institutional investors and hedge funds.

PDD News Summary

Here are the key news stories impacting PDD this week:

• Positive Sentiment: Zacks Research upgraded PDD from “Strong Sell” to “Hold,” reducing the severity of its prior bearish view. However, the change still signals limited conviction in near-term upside. Ticker Report article
• Positive Sentiment: PDD beat quarterly earnings expectations, which provides some support for the stock and highlights continued profitability. The benefit was offset by weaker revenue performance and declining net income. MarketBeat earnings article
• Neutral Sentiment: Brokerages’ consensus rating remains “Hold,” indicating analysts see a relatively balanced risk-reward profile rather than a clear catalyst for a stronger rerating. American Banking News consensus rating article
• Neutral Sentiment: Benchmark lowered its expectations for PDD’s stock price, adding to evidence that analysts are becoming more cautious about the company’s growth trajectory. American Banking News Benchmark article
• Negative Sentiment: Quarterly revenue grew 8%, but GAAP net income fell 12%. Increased subsidies, artificial-intelligence spending and merchant investments are pressuring profitability, raising questions about whether the spending is generating enough incremental growth. Insider Monkey article
• Negative Sentiment: Analysts cited moderating online-marketing revenue, intensifying competition, regulatory risks and uncertainty around PDD’s shift toward a more asset-heavy model. Temu also faces higher costs and regulatory headwinds, while the company’s large supply-chain investment has an unclear return. Seeking Alpha analysis
• Negative Sentiment: PDD declined alongside Alibaba and other major Chinese e-commerce stocks in a broad sector selloff, suggesting macro and industry-wide pressure also contributed to the weakness. 24/7 Wall St. article

PDD Stock Down 2.4%

Shares of NASDAQ PDD opened at $84.69 on Friday. The stock has a market capitalization of $120.55 billion, a price-to-earnings ratio of 9.33, a PEG ratio of 0.71 and a beta of 0.02. The stock's fifty day simple moving average is $84.94 and its 200 day simple moving average is $93.09. PDD Holdings Inc. Sponsored ADR has a 52-week low of $71.94 and a 52-week high of $139.41.

PDD (NASDAQ:PDD - Get Free Report) last posted its quarterly earnings data on Friday, August 14th. The company reported $2.84 EPS for the quarter. PDD had a net margin of 20.73% and a return on equity of 22.29%. The company had revenue of $16.54 billion during the quarter. As a group, analysts anticipate that PDD Holdings Inc. Sponsored ADR will post 9.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PDD. Daiwa Securities Group reiterated a "hold" rating and set a $80.00 price objective on shares of PDD in a research report on Tuesday, June 23rd. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $105.00 target price on shares of PDD in a research report on Monday. Citigroup cut their target price on PDD from $142.00 to $123.00 and set a "buy" rating on the stock in a research note on Wednesday, May 27th. Zacks Research upgraded PDD from a "strong sell" rating to a "hold" rating in a research report on Tuesday. Finally, Jefferies Financial Group reissued a "buy" rating on shares of PDD in a research note on Wednesday, May 27th. Six investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, PDD has an average rating of "Hold" and a consensus target price of $117.17.

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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