Robeco Institutional Asset Management B.V. Buys 173,068 Shares of PDD Holdings Inc. Sponsored ADR $PDD

Key Points

• Robeco Institutional Asset Management B.V. increased its stake in PDD by 10.7%, buying 173,068 shares to hold 1,785,936 shares worth about $202.5 million (roughly 0.13% of the company).
• Analyst coverage is mixed with a consensus rating of Hold and a consensus price target of $140.27, while individual notes range from Loop Capital's $170 target to Nomura's recent upgrade to Buy with a $136 objective.
• PDD is trading around $100.17, with a market cap of $139.45 billion, a P/E of 10.66, and a 12‑month range of $87.97–$139.41.

Robeco Institutional Asset Management B.V. grew its stake in shares of PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD - Free Report) by 10.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,785,936 shares of the company's stock after purchasing an additional 173,068 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.13% of PDD worth $202,507,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PDD. Howard Capital Management Inc. boosted its stake in shares of PDD by 2.9% in the 4th quarter. Howard Capital Management Inc. now owns 14,034 shares of the company's stock worth $1,591,000 after buying an additional 395 shares during the last quarter. Ritholtz Wealth Management boosted its stake in shares of PDD by 7.8% in the 4th quarter. Ritholtz Wealth Management now owns 13,288 shares of the company's stock worth $1,507,000 after buying an additional 957 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of PDD by 1.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,259,912 shares of the company's stock worth $142,861,000 after buying an additional 15,341 shares during the last quarter. Apollon Wealth Management LLC boosted its stake in shares of PDD by 11.4% in the 4th quarter. Apollon Wealth Management LLC now owns 3,619 shares of the company's stock worth $410,000 after buying an additional 369 shares during the last quarter. Finally, Aaron Wealth Advisors LLC boosted its stake in shares of PDD by 40.5% in the 4th quarter. Aaron Wealth Advisors LLC now owns 3,962 shares of the company's stock worth $449,000 after buying an additional 1,143 shares during the last quarter. 39.83% of the stock is owned by institutional investors.

Analyst Ratings Changes

PDD has been the topic of a number of research analyst reports. Loop Capital set a $170.00 target price on PDD in a research note on Tuesday, January 6th. Morgan Stanley set a $148.00 target price on PDD in a research note on Thursday, January 15th. Citigroup restated a "neutral" rating on shares of PDD in a research note on Wednesday, January 28th. Wall Street Zen downgraded PDD from a "buy" rating to a "hold" rating in a research note on Saturday, January 31st. Finally, Nomura upgraded PDD from a "neutral" rating to a "buy" rating and set a $136.00 price objective on the stock in a research note on Friday, March 27th. Five analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, PDD currently has a consensus rating of "Hold" and a consensus price target of $140.27.

PDD Trading Down 0.4%

PDD stock opened at $100.17 on Friday. The business's 50 day simple moving average is $102.07 and its 200 day simple moving average is $114.48. PDD Holdings Inc. Sponsored ADR has a 12 month low of $87.97 and a 12 month high of $139.41. The company has a market cap of $139.45 billion, a price-to-earnings ratio of 10.66, a PEG ratio of 0.94 and a beta of 0.07.

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.

Want to see what other hedge funds are holding PDD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD - Free Report).

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.