PDD Holdings Inc. Sponsored ADR $PDD Position Boosted by Massachusetts Financial Services Co. MA

Key Points

• Massachusetts Financial Services Co. raised its stake in PDD Holdings by 1.2% to 1,259,912 shares — about $142.86 million, representing roughly 0.09% of the company.
• Analyst consensus is a Hold (five Buys, ten Holds) with an average price target of $140.27; PDD shares trade near $100.17 with a 12‑month range of $87.97–$139.41 and a market cap of $139.45 billion.

Massachusetts Financial Services Co. MA raised its holdings in shares of PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD - Free Report) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,259,912 shares of the company's stock after acquiring an additional 15,341 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.09% of PDD worth $142,861,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of PDD. GAMMA Investing LLC lifted its holdings in shares of PDD by 595.0% during the 4th quarter. GAMMA Investing LLC now owns 278 shares of the company's stock valued at $32,000 after buying an additional 238 shares during the last quarter. Binnacle Investments Inc lifted its holdings in shares of PDD by 281.7% during the 3rd quarter. Binnacle Investments Inc now owns 271 shares of the company's stock valued at $36,000 after buying an additional 200 shares during the last quarter. Wexford Capital LP acquired a new stake in shares of PDD during the 3rd quarter valued at about $44,000. Assetmark Inc. lifted its holdings in shares of PDD by 314.4% during the 3rd quarter. Assetmark Inc. now owns 402 shares of the company's stock valued at $53,000 after buying an additional 305 shares during the last quarter. Finally, Larson Financial Group LLC lifted its holdings in shares of PDD by 720.4% during the 3rd quarter. Larson Financial Group LLC now owns 402 shares of the company's stock valued at $53,000 after buying an additional 353 shares during the last quarter. Hedge funds and other institutional investors own 39.83% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Citigroup reiterated a "neutral" rating on shares of PDD in a report on Wednesday, January 28th. Loop Capital set a $170.00 target price on PDD in a report on Tuesday, January 6th. Morgan Stanley set a $148.00 target price on PDD in a report on Thursday, January 15th. Nomura upgraded PDD from a "neutral" rating to a "buy" rating and set a $136.00 target price for the company in a report on Friday, March 27th. Finally, Wall Street Zen lowered PDD from a "buy" rating to a "hold" rating in a report on Saturday, January 31st. Five analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $140.27.

PDD Price Performance

Shares of PDD stock opened at $100.17 on Monday. PDD Holdings Inc. Sponsored ADR has a 12 month low of $87.97 and a 12 month high of $139.41. The firm has a market cap of $139.45 billion, a PE ratio of 10.66, a price-to-earnings-growth ratio of 0.94 and a beta of 0.07. The stock has a 50 day moving average of $102.07 and a 200-day moving average of $114.37.

PDD Company 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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