PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD) Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its stake in shares of PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD - Free Report) by 10.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,369,381 shares of the company's stock after buying an additional 219,865 shares during the period. Robeco Institutional Asset Management B.V. owned 0.17% of PDD worth $280,416,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in PDD. Global Retirement Partners LLC raised its stake in PDD by 939.6% during the 4th quarter. Global Retirement Partners LLC now owns 551 shares of the company's stock valued at $53,000 after purchasing an additional 498 shares during the period. Farther Finance Advisors LLC increased its stake in PDD by 30.9% in the 4th quarter. Farther Finance Advisors LLC now owns 559 shares of the company's stock worth $54,000 after acquiring an additional 132 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in PDD by 43.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 825 shares of the company's stock worth $80,000 after acquiring an additional 249 shares during the last quarter. Jones Financial Companies Lllp increased its stake in PDD by 8.7% in the 4th quarter. Jones Financial Companies Lllp now owns 1,215 shares of the company's stock worth $118,000 after acquiring an additional 97 shares during the last quarter. Finally, Generali Asset Management SPA SGR purchased a new position in shares of PDD in the 4th quarter worth approximately $165,000. 39.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on PDD shares. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $112.00 price objective on shares of PDD in a report on Wednesday, May 28th. Barclays lowered PDD from a "strong-buy" rating to a "hold" rating in a research report on Sunday, June 1st. Citigroup raised PDD from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $127.00 to $165.00 in a research report on Monday, May 12th. JPMorgan Chase & Co. reduced their target price on PDD from $125.00 to $105.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 28th. Finally, Benchmark reduced their target price on PDD from $160.00 to $128.00 and set a "buy" rating on the stock in a research report on Wednesday, May 28th. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, PDD has a consensus rating of "Moderate Buy" and an average target price of $144.55.

PDD Trading Down 0.6%

Shares of PDD stock traded down $0.61 during mid-day trading on Friday, reaching $105.14. The stock had a trading volume of 4,076,262 shares, compared to its average volume of 11,009,952. The firm has a market cap of $146.37 billion, a price-to-earnings ratio of 11.32, a PEG ratio of 1.47 and a beta of 0.42. PDD Holdings Inc. Sponsored ADR has a 1-year low of $87.11 and a 1-year high of $155.67. The business's fifty day moving average is $106.43 and its 200-day moving average is $108.46.

PDD (NASDAQ:PDD - Get Free Report) last posted its earnings results on Tuesday, May 27th. The company reported $1.37 EPS for the quarter, missing the consensus estimate of $2.25 by ($0.88). The company had revenue of $13.19 billion for the quarter, compared to analyst estimates of $103.37 billion. PDD had a return on equity of 33.76% and a net margin of 24.63%. The firm's revenue was up 10.2% on a year-over-year basis. During the same period last year, the business earned $20.72 earnings per share. On average, analysts forecast that PDD Holdings Inc. Sponsored ADR will post 10.24 earnings per share for the current year.

About PDD

PDD Holdings Inc, a multinational commerce group, owns and operates a portfolio of businesses. It operates Pinduoduo, an e-commerce platform that offers products in various categories, including agricultural produce, apparel, shoes, bags, mother and childcare products, food and beverage, electronic appliances, furniture and household goods, cosmetics and other personal care, sports and fitness items and auto accessories; and Temu, an online marketplace.