PDD Holdings Inc. Sponsored ADR $PDD Shares Acquired by Capital International Investors

Key Points

• Capital International Investors increased its stake in PDD by 7.3% in Q3 to 3,891,319 shares (about 0.28% ownership), valued at roughly $514.3 million per the SEC filing.
• PDD carries a consensus "Hold" rating with an average price target of $139.87 (individual targets $135–$170), suggesting potential upside from the recent $104.86 share price.
• The company is valued at a market cap of $145.98 billion with a PE of 10.95 and PEG of 0.90; its 50‑day and 200‑day moving averages are $106.76 and $118.48, respectively, and the 52‑week range is $87.11–$139.41.

Capital International Investors lifted its position in PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD - Free Report) by 7.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,891,319 shares of the company's stock after acquiring an additional 265,408 shares during the period. Capital International Investors owned 0.28% of PDD worth $514,316,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PDD. West Family Investments Inc. lifted its position in PDD by 2.8% during the 3rd quarter. West Family Investments Inc. now owns 4,026 shares of the company's stock worth $532,000 after acquiring an additional 110 shares during the period. Lido Advisors LLC increased its holdings in shares of PDD by 4.6% in the second quarter. Lido Advisors LLC now owns 2,633 shares of the company's stock valued at $276,000 after purchasing an additional 115 shares during the period. Range Financial Group LLC increased its holdings in shares of PDD by 3.4% in the third quarter. Range Financial Group LLC now owns 3,489 shares of the company's stock valued at $461,000 after purchasing an additional 116 shares during the period. Savant Capital LLC raised its stake in shares of PDD by 5.2% in the third quarter. Savant Capital LLC now owns 3,079 shares of the company's stock worth $407,000 after purchasing an additional 151 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of PDD by 10.2% in the third quarter. EverSource Wealth Advisors LLC now owns 1,832 shares of the company's stock worth $242,000 after purchasing an additional 170 shares during the last quarter. Hedge funds and other institutional investors own 39.83% of the company's stock.

PDD Stock Performance

Shares of NASDAQ PDD opened at $104.86 on Wednesday. The company has a market capitalization of $145.98 billion, a PE ratio of 10.95, a price-to-earnings-growth ratio of 0.90 and a beta of -0.01. The company's fifty day moving average price is $106.76 and its 200 day moving average price is $118.48. PDD Holdings Inc. Sponsored ADR has a 1 year low of $87.11 and a 1 year high of $139.41.

Analysts Set New Price Targets

PDD has been the topic of a number of recent research reports. Morgan Stanley set a $148.00 target price on PDD in a research report on Thursday, January 15th. Sanford C. Bernstein set a $135.00 price target on shares of PDD in a research report on Tuesday, November 18th. Citigroup restated a "neutral" rating on shares of PDD in a research note on Wednesday, January 28th. Loop Capital set a $170.00 price objective on shares of PDD in a research note on Tuesday, January 6th. Finally, Bank of America reduced their target price on shares of PDD from $141.00 to $140.00 and set a "neutral" rating for the company in a report on Wednesday, November 19th. Four equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $139.87.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.