RV Capital AG Has $39.72 Million Stock Position in PDD Holdings Inc. (NASDAQ:PDD)

RV Capital AG decreased its holdings in PDD Holdings Inc. (NASDAQ:PDD - Free Report) by 2.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 335,569 shares of the company's stock after selling 9,920 shares during the quarter. PDD accounts for about 8.8% of RV Capital AG's investment portfolio, making the stock its 5th largest position. RV Capital AG's holdings in PDD were worth $39,715,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. 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 raised its position in PDD by 30.9% during the fourth quarter. Farther Finance Advisors LLC now owns 559 shares of the company's stock valued at $54,000 after buying an additional 132 shares during the period. EverSource Wealth Advisors LLC lifted 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 in the last quarter. Jones Financial Companies Lllp lifted 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 in the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new stake in PDD during the 4th quarter worth about $126,000. Hedge funds and other institutional investors own 39.83% of the company's stock.

PDD Price Performance

NASDAQ PDD opened at $100.60 on Friday. PDD Holdings Inc. has a fifty-two week low of $87.11 and a fifty-two week high of $155.67. The stock's 50-day moving average is $104.65 and its two-hundred day moving average is $108.18. The firm has a market cap of $140.05 billion, a P/E ratio of 9.82, a price-to-earnings-growth ratio of 0.32 and a beta of 0.42. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.15 and a quick ratio of 2.15.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on PDD. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $112.00 target price on shares of PDD in a report on Wednesday, May 28th. Nomura reiterated a "neutral" rating and issued a $130.00 price objective (down previously from $137.00) on shares of PDD in a research note on Thursday, March 20th. Benchmark cut their target price on shares of PDD from $160.00 to $128.00 and set a "buy" rating for the company in a research report on Wednesday, May 28th. JPMorgan Chase & Co. lowered their price target on shares of PDD from $125.00 to $105.00 and set a "neutral" rating on the stock in a report on Wednesday, May 28th. Finally, Macquarie reiterated an "outperform" rating on shares of PDD in a report on Tuesday, May 27th. Seven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $144.55.

PDD Profile

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.

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. (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 and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.