Orion Porfolio Solutions LLC Grows Position in PDD Holdings Inc. Sponsored ADR $PDD

Key Points

• Orion Portfolio Solutions LLC increased its stake in PDD by 316.9% in Q3, buying an additional 34,405 shares to hold 45,262 shares worth about $5.98 million.
• PDD trades near $101.97 with a 12‑month range of $87.11–$139.41 and a market cap of $141.96 billion (P/E 10.64); Wall Street’s consensus is a "Hold" with an average price target of $139.87 (4 Buy, 11 Hold).

Orion Porfolio Solutions LLC boosted its holdings in shares of PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD - Free Report) by 316.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,262 shares of the company's stock after acquiring an additional 34,405 shares during the period. Orion Porfolio Solutions LLC's holdings in PDD were worth $5,982,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in PDD. EMC Capital Management bought a new stake in shares of PDD in the 2nd quarter valued at about $52,000. Assetmark Inc. boosted its stake in shares of PDD by 314.4% during the third quarter. Assetmark Inc. now owns 402 shares of the company's stock valued at $53,000 after purchasing an additional 305 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of PDD during the second quarter valued at approximately $56,000. Global Retirement Partners LLC increased its holdings in PDD by 215.7% during the third quarter. Global Retirement Partners LLC now owns 442 shares of the company's stock valued at $58,000 after buying an additional 302 shares during the period. Finally, Westside Investment Management Inc. increased its holdings in PDD by 79.9% during the third quarter. Westside Investment Management Inc. now owns 448 shares of the company's stock valued at $60,000 after buying an additional 199 shares during the period. Hedge funds and other institutional investors own 39.83% of the company's stock.

PDD Stock Up 1.2%

Shares of PDD opened at $101.97 on Friday. The company has a 50 day moving average of $107.17 and a two-hundred day moving average of $118.78. PDD Holdings Inc. Sponsored ADR has a twelve month low of $87.11 and a twelve month high of $139.41. The company has a market cap of $141.96 billion, a price-to-earnings ratio of 10.64, a price-to-earnings-growth ratio of 0.90 and a beta of -0.01.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PDD. Arete Research set a $130.00 target price on PDD in a report on Tuesday, December 9th. Citigroup reiterated a "neutral" rating on shares of PDD in a report on Wednesday, January 28th. Wall Street Zen lowered PDD from a "buy" rating to a "hold" rating in a research report on Saturday, January 31st. Morgan Stanley set a $148.00 price objective on PDD in a research note on Thursday, January 15th. Finally, Bank of America dropped their price objective on PDD from $141.00 to $140.00 and set a "neutral" rating on the stock in a research report on Wednesday, November 19th. Four investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company's stock. According to MarketBeat, PDD presently has a consensus rating of "Hold" and an average price target of $139.87.

PDD 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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