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Keystone Investors PTE Ltd. Has $343,000 Stake in PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD)

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Key Points

  • Keystone Investors PTE Ltd. significantly reduced its holdings in PDD Holdings Inc. by 92.3% in the first quarter, owning only 2,900 shares at the end of the period after selling 34,905 shares.
  • Multiple institutional investors, including Krane Funds Advisors LLC and OVSEA CHINESE BANKING Corp Ltd, increased their stakes in PDD, with the latter growing its holdings by an astounding 4,562.1%.
  • PDD's recent earnings report showed an EPS of $1.37, falling short of analysts' expectations, which anticipated $2.25 per share.
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Keystone Investors PTE Ltd. lessened its holdings in PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD - Free Report) by 92.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,900 shares of the company's stock after selling 34,905 shares during the quarter. Keystone Investors PTE Ltd.'s holdings in PDD were worth $343,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Hollencrest Capital Management bought a new stake in shares of PDD in the 1st quarter worth about $26,000. IFP Advisors Inc grew its holdings in shares of PDD by 245.8% in the 1st quarter. IFP Advisors Inc now owns 408 shares of the company's stock worth $48,000 after purchasing an additional 290 shares during the last quarter. Siemens Fonds Invest GmbH bought a new stake in shares of PDD in the 4th quarter worth about $192,000. OneDigital Investment Advisors LLC bought a new stake in shares of PDD in the 1st quarter worth about $204,000. Finally, Gunderson Capital Management Inc. bought a new stake in shares of PDD in the 1st quarter worth about $218,000. Institutional investors own 39.83% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $112.00 target price on shares of PDD in a report on Wednesday, May 28th. Macquarie reiterated an "outperform" rating on shares of PDD in a research report on Tuesday, May 27th. Barclays downgraded shares of PDD from a "strong-buy" rating to a "hold" rating in a research report on Sunday, June 1st. JPMorgan Chase & Co. reduced their price target on shares of PDD from $125.00 to $105.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 28th. Finally, China Renaissance reiterated a "hold" rating and set a $107.00 price target on shares of PDD in a research report on Wednesday, May 28th. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $144.55.

Get Our Latest Analysis on PDD

PDD Stock Performance

PDD stock traded up $0.07 during trading hours on Friday, reaching $114.26. 4,327,203 shares of the company's stock traded hands, compared to its average volume of 6,640,802. PDD Holdings Inc. Sponsored ADR has a fifty-two week low of $87.11 and a fifty-two week high of $155.67. The firm has a market capitalization of $159.07 billion, a price-to-earnings ratio of 12.30, a PEG ratio of 1.62 and a beta of 0.42. The firm's 50 day moving average is $106.76 and its 200-day moving average is $110.50.

PDD (NASDAQ:PDD - Get Free Report) last announced its quarterly earnings results on Tuesday, May 27th. The company reported $1.37 earnings per share for the quarter, missing analysts' consensus estimates of $2.25 by ($0.88). The firm had revenue of $13.19 billion during the quarter, compared to analyst estimates of $103.37 billion. PDD had a net margin of 24.63% and a return on equity of 33.76%. The business's revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $20.72 earnings per share. Analysts predict that PDD Holdings Inc. Sponsored ADR will post 10.24 EPS for the current year.

About PDD

(Free Report)

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.

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Institutional Ownership by Quarter for PDD (NASDAQ:PDD)

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