PDD Target of Unusually Large Options Trading (NASDAQ:PDD)

PDD Holdings Inc. (NASDAQ:PDD - Get Free Report) saw some unusual options trading activity on Wednesday. Investors purchased 132,077 put options on the stock. This is an increase of 133% compared to the typical volume of 56,699 put options.

Hedge Funds Weigh In On PDD

Institutional investors have recently added to or reduced their stakes in the company. Captrust Financial Advisors raised its stake in shares of PDD by 108.5% in the 1st quarter. Captrust Financial Advisors now owns 636 shares of the company's stock valued at $26,000 after purchasing an additional 331 shares in the last quarter. SRS Capital Advisors Inc. raised its stake in shares of PDD by 294.4% in the 3rd quarter. SRS Capital Advisors Inc. now owns 280 shares of the company's stock valued at $27,000 after purchasing an additional 209 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new stake in shares of PDD in the 1st quarter valued at about $29,000. Altshuler Shaham Ltd acquired a new stake in shares of PDD in the 4th quarter valued at about $43,000. Finally, Turim 21 Investimentos Ltda. acquired a new stake in shares of PDD in the 3rd quarter valued at about $55,000. Institutional investors and hedge funds own 29.07% of the company's stock.

PDD Stock Down 0.1 %

PDD stock traded down $0.09 during trading on Wednesday, reaching $113.43. The stock had a trading volume of 4,558,256 shares, compared to its average volume of 8,277,557. PDD has a 1-year low of $59.67 and a 1-year high of $152.99. The company has a current ratio of 1.93, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $149.68 billion, a P/E ratio of 19.80, a PEG ratio of 0.30 and a beta of 0.67. The firm has a fifty day moving average price of $122.85 and a 200 day moving average price of $125.66.

PDD (NASDAQ:PDD - Get Free Report) last issued its quarterly earnings data on Wednesday, March 20th. The company reported $2.23 EPS for the quarter, topping analysts' consensus estimates of $1.42 by $0.81. PDD had a net margin of 24.23% and a return on equity of 39.10%. The firm had revenue of $12.52 billion for the quarter, compared to analyst estimates of $11.80 billion. On average, equities analysts anticipate that PDD will post 7.85 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PDD. Citigroup boosted their price objective on shares of PDD from $170.00 to $185.00 and gave the company a "buy" rating in a research note on Thursday, March 21st. JPMorgan Chase & Co. lowered their price objective on shares of PDD from $195.00 to $190.00 and set an "overweight" rating for the company in a research note on Thursday, March 21st. Benchmark boosted their price objective on shares of PDD from $215.00 to $220.00 and gave the company a "buy" rating in a research note on Thursday, March 21st. Jefferies Financial Group boosted their price objective on shares of PDD from $157.00 to $161.00 and gave the company a "buy" rating in a research note on Thursday, March 21st. Finally, Barclays upped their price target on shares of PDD from $164.00 to $178.00 and gave the stock an "overweight" rating in a research report on Thursday, March 21st. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $146.85.

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.