Robeco Institutional Asset Management B.V. Acquires 325,066 Shares of PDD Holdings Inc. Sponsored ADR $PDD

Key Points

• Robeco Institutional Asset Management increased its PDD Holdings stake by 40.8% in the third quarter, purchasing 325,066 additional shares for a total of 1.12 million shares valued at approximately $87.4 million.
• Several other institutional investors also expanded their positions, with institutional investors and hedge funds collectively owning 39.83% of PDD.
• PDD shares opened at $78.72, well below their 52-week high of $139.41. Analysts maintain a consensus “Hold” rating, with an average price target of $110.31.

Robeco Institutional Asset Management B.V. boosted its holdings in shares of PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD - Free Report) by 40.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,121,534 shares of the company's stock after buying an additional 325,066 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.08% of PDD worth $87,412,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of PDD. H&H International Investment LLC grew its holdings in shares of PDD by 71.2% during the first quarter. H&H International Investment LLC now owns 19,748,294 shares of the company's stock valued at $2,017,881,000 after buying an additional 8,211,600 shares during the last quarter. Temasek Holdings Private Ltd increased its position in shares of PDD by 5.2% during the first quarter. Temasek Holdings Private Ltd now owns 4,926,061 shares of the company's stock worth $503,345,000 after acquiring an additional 243,167 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of PDD by 7.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,737,229 shares of the company's stock worth $381,496,000 after acquiring an additional 252,537 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of PDD in the 3rd quarter worth about $202,907,000. Finally, Perseverance Asset Management International raised its holdings in shares of PDD by 10.2% in the 1st quarter. Perseverance Asset Management International now owns 2,161,676 shares of the company's stock worth $220,880,000 after acquiring an additional 199,584 shares during the last quarter. Institutional investors and hedge funds own 39.83% of the company's stock.

PDD Price Performance

PDD opened at $78.72 on Thursday. PDD Holdings Inc. Sponsored ADR has a 1 year low of $71.94 and a 1 year high of $139.41. The company has a market capitalization of $112.05 billion, a price-to-earnings ratio of 8.99, a P/E/G ratio of 0.65 and a beta of -0.05. The firm's fifty day moving average price is $81.40 and its two-hundred day moving average price is $86.97.

PDD (NASDAQ:PDD - Get Free Report) last announced its earnings results on Friday, August 14th. The company reported $2.84 EPS for the quarter. The company had revenue of $16.54 billion during the quarter. PDD had a net margin of 20.73% and a return on equity of 22.29%. As a group, equities analysts anticipate that PDD Holdings Inc. Sponsored ADR will post 10.02 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Bank of America reaffirmed a "neutral" rating on shares of PDD in a research report on Wednesday, August 26th. JPMorgan Chase & Co. decreased their price objective on PDD from $110.00 to $95.00 and set a "neutral" rating for the company in a report on Thursday, September 10th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $105.00 price objective on shares of PDD in a report on Monday, August 24th. Benchmark lowered their price objective on PDD from $127.00 to $114.00 and set a "buy" rating for the company in a research note on Tuesday, August 25th. Finally, Weiss Ratings lowered PDD from a "hold (c-)" rating to a "sell (d+)" rating in a report on Friday, October 9th. Five analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, PDD presently has a consensus rating of "Hold" and an average price target of $110.31.

PDD Profile

PDD Holdings Inc is a multinational commerce group that operates online marketplace platforms connecting consumers with merchants, manufacturers and agricultural producers. The company's platforms use interactive shopping features, including group purchasing and personalized product discovery, to offer a broad range of merchandise at competitive prices.

PDD Holdings' businesses include Pinduoduo, an e-commerce platform serving consumers in China, and Temu, an online marketplace launched in 2022 that serves consumers across multiple international markets, including North America, Europe and other regions.

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