PDD Holdings Inc. Sponsored ADR $PDD Stock Position Reduced by SC US Ttgp LTD.

Key Points

• SC US Ttgp LTD. trimmed its holdings in PDD by 16.5% in Q3, selling 1,751,059 shares and leaving 8,841,576 shares (about 0.64% of PDD) worth roughly $1.17 billion, making PDD its 5th-largest holding at 7.2% of the fund.
• Other institutions boosted exposure—TB Alternative Assets (+62.5%), Oversea Chinese Banking (+17.3%), Nomura (+67.1%)—and institutional/hedge-fund ownership totals about 39.83% of the stock.
• PDD is trading near $102.94 (down 1.8%) with a 12‑month range of $87.11–$139.41, a market cap of $143.3B and a P/E of 10.75; analysts’ consensus rating is "Hold" with an average price target of $139.87.

SC US Ttgp LTD. trimmed its holdings in shares of PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD - Free Report) by 16.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,841,576 shares of the company's stock after selling 1,751,059 shares during the period. PDD accounts for about 7.2% of SC US Ttgp LTD.'s holdings, making the stock its 5th largest holding. SC US Ttgp LTD. owned about 0.64% of PDD worth $1,168,591,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. TB Alternative Assets Ltd. lifted its position in PDD by 62.5% in the third quarter. TB Alternative Assets Ltd. now owns 345,888 shares of the company's stock valued at $45,716,000 after acquiring an additional 133,000 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd increased its position 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 worth $48,694,000 after purchasing an additional 54,418 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in shares of PDD during the third quarter worth about $2,790,000. Nomura Holdings Inc. lifted its holdings 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 purchasing an additional 69,728 shares during the last quarter. Finally, Freemont Capital Pte Ltd boosted its position in shares of PDD by 19.2% in the 2nd quarter. Freemont Capital Pte Ltd now owns 31,000 shares of the company's stock valued at $3,244,000 after purchasing an additional 5,000 shares during the period. 39.83% of the stock is owned by institutional investors and hedge funds.

PDD Trading Down 1.8%

NASDAQ:PDD opened at $102.94 on Thursday. PDD Holdings Inc. Sponsored ADR has a 12-month low of $87.11 and a 12-month high of $139.41. The stock's 50 day simple moving average is $106.55 and its 200-day simple moving average is $118.37. The firm has a market cap of $143.31 billion, a P/E ratio of 10.75, a PEG ratio of 0.92 and a beta of -0.01.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Arete Research set a $130.00 price target on PDD in a research report on Tuesday, December 9th. Loop Capital set a $170.00 target price on shares of PDD in a research report on Tuesday, January 6th. Citigroup reaffirmed a "neutral" rating on shares of PDD in a report on Wednesday, January 28th. Sanford C. Bernstein set a $135.00 price target on shares of PDD in a research note on Tuesday, November 18th. Finally, Bank of America lowered their price objective on shares of PDD from $141.00 to $140.00 and set a "neutral" rating on the stock in a research report on Wednesday, November 19th. Four investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target 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.

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