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All Stars Investment Ltd Grows Stock Holdings in PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD)

PDD logo with Retail/Wholesale background

All Stars Investment Ltd raised its stake in PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD - Free Report) by 133.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 94,500 shares of the company's stock after purchasing an additional 54,000 shares during the quarter. PDD makes up about 3.4% of All Stars Investment Ltd's portfolio, making the stock its 3rd biggest holding. All Stars Investment Ltd's holdings in PDD were worth $11,184,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in PDD. US Bancorp DE lifted its stake in PDD by 14.2% in the 4th quarter. US Bancorp DE now owns 9,079 shares of the company's stock valued at $881,000 after purchasing an additional 1,127 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of PDD by 8.7% in the fourth quarter. Jones Financial Companies Lllp now owns 1,215 shares of the company's stock valued at $118,000 after buying an additional 97 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of PDD by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 927,788 shares of the company's stock worth $89,986,000 after acquiring an additional 23,772 shares during the period. M&T Bank Corp increased its holdings in shares of PDD by 11.0% during the 4th quarter. M&T Bank Corp now owns 17,570 shares of the company's stock worth $1,704,000 after acquiring an additional 1,740 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in PDD in the 4th quarter valued at $3,114,000. Institutional investors and hedge funds own 39.83% of the company's stock.

PDD Trading Down 0.1%

Shares of NASDAQ:PDD traded down $0.06 on Friday, reaching $104.91. 4,578,504 shares of the company's stock were exchanged, compared to its average volume of 10,960,997. PDD Holdings Inc. Sponsored ADR has a twelve month low of $87.11 and a twelve month high of $155.67. The company has a fifty day moving average of $106.77 and a 200-day moving average of $108.63. The company has a market capitalization of $146.05 billion, a price-to-earnings ratio of 11.29, a PEG ratio of 1.47 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 the consensus estimate of $2.25 by ($0.88). The company had revenue of $13.19 billion during the quarter, compared to the consensus estimate of $103.37 billion. PDD had a net margin of 24.63% and a return on equity of 33.76%. The company's quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the firm posted $20.72 earnings per share. As a group, equities research analysts forecast that PDD Holdings Inc. Sponsored ADR will post 10.24 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on PDD shares. Jefferies Financial Group set a $121.00 price objective on shares of PDD and gave the stock a "buy" rating in a research report on Tuesday, May 27th. China Renaissance restated a "hold" rating and set a $107.00 target price on shares of PDD in a research note on Wednesday, May 28th. Macquarie reiterated an "outperform" rating on shares of PDD in a research note on Tuesday, May 27th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $112.00 price target on shares of PDD in a report on Wednesday, May 28th. Finally, Citigroup upgraded PDD from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $127.00 to $165.00 in a report on Monday, May 12th. Seven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $144.55.

Get Our Latest Report on PDD

PDD Company Profile

(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.

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Institutional Ownership by Quarter for PDD (NASDAQ:PDD)

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