PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD) Position Increased by Invesco Ltd.

Key Points

• Invesco Ltd. increased its holdings in PDD Holdings Inc. by 44.7%, owning over 5.3 million shares valued at approximately $627.4 million as of its latest SEC filing.
• PDD reported $1.37 earnings per share for the last quarter, significantly missing analyst estimates, while revenue was $13.19 billion, showing a 10.2% increase year-over-year.
• The average price target for PDD from analysts stands at $144.55, with a mix of buy and hold ratings, indicating moderate investor interest in the stock's potential growth.

Invesco Ltd. increased its holdings in PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD - Free Report) by 44.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 5,301,333 shares of the company's stock after buying an additional 1,636,673 shares during the period. Invesco Ltd. owned about 0.39% of PDD worth $627,413,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of PDD. Cerity Partners LLC grew its stake in shares of PDD by 5.0% in the fourth quarter. Cerity Partners LLC now owns 14,576 shares of the company's stock worth $1,500,000 after purchasing an additional 694 shares in the last quarter. Advisory Services Network LLC grew its position in PDD by 3.9% in the 4th quarter. Advisory Services Network LLC now owns 15,790 shares of the company's stock valued at $1,531,000 after buying an additional 599 shares in the last quarter. Raymond James Financial Inc. acquired a new position in PDD during the 4th quarter valued at about $3,114,000. Townsquare Capital LLC raised its position in shares of PDD by 41.3% during the 4th quarter. Townsquare Capital LLC now owns 5,382 shares of the company's stock worth $522,000 after buying an additional 1,572 shares in the last quarter. Finally, Sanders Capital LLC acquired a new stake in shares of PDD in the 4th quarter worth approximately $499,972,000. Institutional investors own 39.83% of the company's stock.

PDD Stock Performance

PDD opened at $114.26 on Friday. The firm's fifty day moving average is $106.76 and its two-hundred day moving average is $110.50. The firm has a market cap of $159.07 billion, a PE ratio of 12.30, a price-to-earnings-growth ratio of 1.62 and a beta of 0.42. PDD Holdings Inc. Sponsored ADR has a twelve month low of $87.11 and a twelve month high of $155.67.

PDD (NASDAQ:PDD - Get Free Report) last issued its quarterly earnings data on Tuesday, May 27th. The company reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.25 by ($0.88). The business 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%. PDD's revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $20.72 earnings per share. Equities analysts forecast that PDD Holdings Inc. Sponsored ADR will post 10.24 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PDD has been the subject of a number of research analyst reports. Citigroup upgraded PDD from a "neutral" rating to a "buy" rating and upped their target price for the stock from $127.00 to $165.00 in a research report on Monday, May 12th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $112.00 price objective on shares of PDD in a report on Wednesday, May 28th. Barclays lowered PDD from a "strong-buy" rating to a "hold" rating in a report on Sunday, June 1st. Macquarie reissued an "outperform" rating on shares of PDD in a report on Tuesday, May 27th. Finally, China Renaissance reaffirmed a "hold" rating and issued a $107.00 price objective on shares of PDD in a research note on Wednesday, May 28th. Seven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target 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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