Vanguard Group Inc. Has $3.72 Billion Stock Position in PDD Holdings Inc. Sponsored ADR $PDD

Key Points

• Vanguard Group increased its stake in PDD by 1.3% in the fourth quarter to 32,810,630 shares (about 2.36%), valued at roughly $3.72 billion.
• Analysts are mixed: six rate PDD a Buy and nine rate it a Hold, yielding a consensus rating of "Hold" with a consensus target price of $139.67, amid recent upgrades from Nomura and Arete.
• PDD trades around $98.47 with a market cap of $137.09 billion, a P/E of 10.48 and PEG of 0.92, and a 12‑month range of $95.24–$139.41.

Vanguard Group Inc. increased its stake in PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD - Free Report) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,810,630 shares of the company's stock after acquiring an additional 425,908 shares during the quarter. Vanguard Group Inc. owned about 2.36% of PDD worth $3,720,397,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Advisory Services Network LLC lifted its stake in shares of PDD by 0.7% in the third quarter. Advisory Services Network LLC now owns 15,458 shares of the company's stock worth $2,043,000 after acquiring an additional 102 shares during the period. West Family Investments Inc. lifted its stake in PDD by 2.8% in the third quarter. West Family Investments Inc. now owns 4,026 shares of the company's stock valued at $532,000 after buying an additional 110 shares during the period. Range Financial Group LLC lifted its stake in PDD by 3.4% in the third quarter. Range Financial Group LLC now owns 3,489 shares of the company's stock valued at $461,000 after buying an additional 116 shares during the period. Savant Capital LLC lifted its stake in PDD by 5.2% in the third quarter. Savant Capital LLC now owns 3,079 shares of the company's stock valued at $407,000 after buying an additional 151 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in PDD by 10.2% in the third quarter. EverSource Wealth Advisors LLC now owns 1,832 shares of the company's stock valued at $242,000 after buying an additional 170 shares during the period. 39.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Nomura raised PDD from a "neutral" rating to a "buy" rating and set a $136.00 price target on the stock in a research note on Friday, March 27th. Citigroup restated a "neutral" rating on shares of PDD in a report on Wednesday, January 28th. Wall Street Zen downgraded shares of PDD from a "buy" rating to a "hold" rating in a report on Saturday, January 31st. Morgan Stanley set a $148.00 price objective on shares of PDD in a report on Thursday, January 15th. Finally, Arete Research upgraded shares of PDD from a "neutral" rating to a "buy" rating and set a $121.00 price objective on the stock in a report on Friday, April 17th. Six analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $139.67.

PDD Trading Up 0.4%

NASDAQ PDD opened at $98.47 on Tuesday. The firm has a market capitalization of $137.09 billion, a P/E ratio of 10.48, a PEG ratio of 0.92 and a beta of 0.07. The business has a fifty day simple moving average of $101.65 and a 200 day simple moving average of $111.91. PDD Holdings Inc. Sponsored ADR has a 12 month low of $95.24 and a 12 month high of $139.41.

PDD 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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