PDD Holdings Inc. Sponsored ADR $PDD Shares Sold by B. Metzler seel. Sohn & Co. AG

Key Points

• B. Metzler seel. Sohn & Co. AG cut its stake in PDD by 30.6% in Q3, selling 12,040 shares and ending the quarter with 27,263 shares valued at $3.603 million per its SEC filing.
• Other institutions boosted positions—TB Alternative Assets added 62.5% to 345,888 shares ($45.7M) and OVERSEA CHINESE BANKING grew 17.3% to 368,564 shares ($48.7M)—and institutional ownership stands at 39.83%.
• PDD opened at $102.64 with a 52‑week range of $87.11–$139.41 and a market cap of about $142.9B (PE 10.71); analysts’ consensus is a Hold with an average target of $139.87.

B. Metzler seel. Sohn & Co. AG reduced its stake in PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD - Free Report) by 30.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,263 shares of the company's stock after selling 12,040 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in PDD were worth $3,603,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. TB Alternative Assets Ltd. raised its holdings in shares of PDD by 62.5% in the third quarter. TB Alternative Assets Ltd. now owns 345,888 shares of the company's stock worth $45,716,000 after buying an additional 133,000 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in shares of PDD by 17.3% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 368,564 shares of the company's stock valued at $48,694,000 after buying an additional 54,418 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in shares of PDD during the third quarter valued at $2,790,000. Nomura Holdings Inc. increased its position in shares of PDD by 67.1% in the 2nd quarter. Nomura Holdings Inc. now owns 173,637 shares of the company's stock valued at $18,173,000 after acquiring an additional 69,728 shares during the period. Finally, Freemont Capital Pte Ltd raised its stake in PDD by 19.2% in the 2nd quarter. Freemont Capital Pte Ltd now owns 31,000 shares of the company's stock worth $3,244,000 after acquiring an additional 5,000 shares during the last quarter. 39.83% of the stock is currently owned by institutional investors and hedge funds.

PDD Price Performance

NASDAQ PDD opened at $102.64 on Tuesday. PDD Holdings Inc. Sponsored ADR has a 1 year low of $87.11 and a 1 year high of $139.41. The company has a market capitalization of $142.89 billion, a PE ratio of 10.71, a P/E/G ratio of 0.90 and a beta of -0.01. The company has a fifty day moving average of $106.94 and a 200 day moving average of $118.64.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Citigroup reaffirmed a "neutral" rating on shares of PDD in a research report on Wednesday, January 28th. Morgan Stanley set a $148.00 price objective on PDD in a report on Thursday, January 15th. Arete Research set a $130.00 price objective on PDD in a research note on Tuesday, December 9th. Sanford C. Bernstein set a $135.00 target price on PDD in a research report on Tuesday, November 18th. Finally, Loop Capital set a $170.00 price target on shares of PDD in a report on Tuesday, January 6th. Four equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $139.87.

About PDD

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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