Mitsubishi UFJ Trust & Banking Corp Has $359.20 Million Stock Position in PDD Holdings Inc. Sponsored ADR $PDD

Key Points

• Mitsubishi UFJ Trust & Banking Corp increased its stake in PDD by 25.5% in Q4, buying 644,544 shares to hold 3,167,810 shares worth about $359.20 million, making PDD its 14th-largest holding (≈0.9% of its portfolio).
• Other institutions also raised positions—Vanguard holds 32,810,630 shares (~$3.72 billion) and Assenagon owns 6,728,909 shares (~$763 million)—with institutional investors collectively owning about 39.83% of PDD.
• Analysts have a consensus rating of Hold (six Buy, nine Hold) with a target of $139.67, while PDD trades near $98.47, with a market cap of $137.09 billion and a P/E of 10.48.

Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD - Free Report) by 25.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,167,810 shares of the company's stock after purchasing an additional 644,544 shares during the period. PDD makes up 0.9% of Mitsubishi UFJ Trust & Banking Corp's investment portfolio, making the stock its 14th biggest holding. Mitsubishi UFJ Trust & Banking Corp owned about 0.23% of PDD worth $359,198,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of PDD by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 32,810,630 shares of the company's stock valued at $3,720,397,000 after purchasing an additional 425,908 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of PDD by 305.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 6,728,909 shares of the company's stock worth $762,991,000 after acquiring an additional 5,070,827 shares during the last quarter. First Beijing Investment Ltd raised its holdings in shares of PDD by 10.6% in the 3rd quarter. First Beijing Investment Ltd now owns 6,168,721 shares of the company's stock worth $815,320,000 after acquiring an additional 590,869 shares during the last quarter. Krane Funds Advisors LLC raised its holdings in shares of PDD by 25.5% in the 3rd quarter. Krane Funds Advisors LLC now owns 6,139,072 shares of the company's stock worth $792,431,000 after acquiring an additional 1,247,634 shares during the last quarter. Finally, Orbis Allan Gray Ltd increased its stake in PDD by 135.6% in 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 during the last quarter. Institutional investors and hedge funds own 39.83% of the company's stock.

Wall Street Analyst Weigh In

PDD has been the subject of several analyst reports. Loop Capital set a $170.00 price objective on shares of PDD in a research note on Tuesday, January 6th. 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 research note on Friday, March 27th. Wall Street Zen lowered shares of PDD from a "buy" rating to a "hold" rating in a research note on Saturday, January 31st. Citigroup reiterated a "neutral" rating on shares of PDD in a research note on Wednesday, January 28th. Finally, 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 research note on Friday, April 17th. Six research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $139.67.

PDD Stock Up 0.4%

PDD stock opened at $98.47 on Tuesday. PDD Holdings Inc. Sponsored ADR has a twelve month low of $95.24 and a twelve month high of $139.41. The firm has a 50 day moving average price of $101.65 and a 200-day moving average price of $111.91. The company has a market capitalization of $137.09 billion, a P/E ratio of 10.48, a P/E/G ratio of 0.92 and a beta of 0.07.

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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