Northwest & Ethical Investments L.P. decreased its holdings in PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD - Free Report) by 35.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,576 shares of the company's stock after selling 6,305 shares during the quarter. Northwest & Ethical Investments L.P.'s holdings in PDD were worth $1,370,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of PDD. Mirae Asset Global Investments Co. Ltd. grew its holdings in PDD by 9,469.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,678,479 shares of the company's stock valued at $4,695,948,000 after purchasing an additional 39,263,851 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in PDD by 4,562.1% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 14,419,327 shares of the company's stock valued at $1,706,527,000 after purchasing an additional 14,110,042 shares during the last quarter. Krane Funds Advisors LLC grew its holdings in PDD by 78.3% in the first quarter. Krane Funds Advisors LLC now owns 5,036,389 shares of the company's stock valued at $596,057,000 after purchasing an additional 2,211,286 shares during the last quarter. Northern Trust Corp grew its holdings in PDD by 182.8% in the fourth quarter. Northern Trust Corp now owns 3,236,686 shares of the company's stock valued at $313,926,000 after purchasing an additional 2,092,160 shares during the last quarter. Finally, Baillie Gifford & Co. grew its holdings in PDD by 5.2% in the first quarter. Baillie Gifford & Co. now owns 40,047,278 shares of the company's stock valued at $4,739,595,000 after purchasing an additional 1,987,935 shares during the last quarter. Hedge funds and other institutional investors own 39.83% of the company's stock.
PDD Price Performance
NASDAQ:PDD traded up $4.15 during mid-day trading on Friday, reaching $127.11. The company's stock had a trading volume of 20,130,840 shares, compared to its average volume of 8,930,558. The company's fifty day simple moving average is $109.82 and its two-hundred day simple moving average is $110.94. PDD Holdings Inc. Sponsored ADR has a twelve month low of $87.11 and a twelve month high of $155.67. The stock has a market cap of $176.96 billion, a P/E ratio of 13.68, a P/E/G ratio of 1.68 and a beta of 0.42.
PDD (NASDAQ:PDD - Get Free Report) last issued its quarterly earnings results on Tuesday, May 27th. The company reported $1.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.25 by ($0.88). PDD had a return on equity of 33.76% and a net margin of 24.63%.The business had revenue of $13.19 billion during the quarter, compared to analyst estimates of $103.37 billion. During the same period in the previous year, the business posted $20.72 earnings per share. The firm's quarterly revenue was up 10.2% on a year-over-year basis. Sell-side analysts expect that PDD Holdings Inc. Sponsored ADR will post 10.24 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several analysts have weighed in on PDD shares. Citigroup raised PDD from a "neutral" rating to a "buy" rating and upped their target price for the company from $127.00 to $165.00 in a report on Monday, May 12th. China Renaissance reissued a "hold" rating and issued a $107.00 target price on shares of PDD in a report on Wednesday, May 28th. Macquarie reaffirmed an "outperform" rating on shares of PDD in a research note on Tuesday, May 27th. Jefferies Financial Group set a $121.00 price objective on PDD and gave the company a "buy" rating in a research note on Tuesday, May 27th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $112.00 price objective on shares of PDD in a research note on Wednesday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $144.55.
Read Our Latest Stock Analysis on PDD
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.
See Also
Before you consider PDD, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PDD wasn't on the list.
While PDD currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access