PDD Holdings Inc. (NASDAQ:PDD) Stock Holdings Boosted by Farther Finance Advisors LLC

Farther Finance Advisors LLC grew its position in shares of PDD Holdings Inc. (NASDAQ:PDD - Free Report) by 480.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 3,245 shares of the company's stock after purchasing an additional 2,686 shares during the quarter. Farther Finance Advisors LLC's holdings in PDD were worth $396,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of PDD. Baillie Gifford & Co. boosted its holdings in PDD by 5.4% during the fourth quarter. Baillie Gifford & Co. now owns 38,059,343 shares of the company's stock worth $3,691,376,000 after buying an additional 1,942,891 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of PDD by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 28,662,609 shares of the company's stock valued at $2,779,986,000 after acquiring an additional 268,662 shares during the last quarter. FMR LLC boosted its stake in shares of PDD by 22.3% during the 4th quarter. FMR LLC now owns 25,603,183 shares of the company's stock worth $2,483,253,000 after acquiring an additional 4,673,022 shares in the last quarter. Norges Bank acquired a new position in shares of PDD in the 4th quarter worth $812,246,000. Finally, FIL Ltd grew its holdings in shares of PDD by 72.4% in the 4th quarter. FIL Ltd now owns 7,978,622 shares of the company's stock worth $773,847,000 after acquiring an additional 3,350,627 shares during the last quarter. Institutional investors own 39.83% of the company's stock.

PDD Stock Up 2.2%

PDD opened at $102.79 on Tuesday. The business has a 50-day moving average of $104.43 and a 200-day moving average of $108.34. PDD Holdings Inc. has a fifty-two week low of $87.11 and a fifty-two week high of $155.67. The company has a market capitalization of $143.10 billion, a PE ratio of 10.04, a price-to-earnings-growth ratio of 0.32 and a beta of 0.42. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.15 and a quick ratio of 2.15.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Nomura Securities cut PDD from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 21st. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $112.00 target price on shares of PDD in a research report on Wednesday, May 28th. Nomura reiterated a "neutral" rating and set a $130.00 price objective (down from $137.00) on shares of PDD in a research report on Thursday, March 20th. Barclays downgraded shares of PDD from a "strong-buy" rating to a "hold" rating in a research note on Sunday, June 1st. Finally, China Renaissance reaffirmed a "hold" rating and issued a $107.00 target price 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 given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $144.55.

PDD Profile

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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