Henry James International Management Inc. Acquires 9,063 Shares of PDD Holdings Inc. (NASDAQ:PDD)

Henry James International Management Inc. raised its holdings in shares of PDD Holdings Inc. (NASDAQ:PDD - Free Report) by 65.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,861 shares of the company's stock after buying an additional 9,063 shares during the period. PDD comprises 1.3% of Henry James International Management Inc.'s investment portfolio, making the stock its 23rd largest position. Henry James International Management Inc.'s holdings in PDD were worth $3,345,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Whittier Trust Co. of Nevada Inc. boosted its holdings in PDD by 2.0% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 3,356 shares of the company's stock worth $491,000 after acquiring an additional 66 shares during the period. PDS Planning Inc boosted its stake in shares of PDD by 5.2% in the fourth quarter. PDS Planning Inc now owns 2,328 shares of the company's stock valued at $341,000 after purchasing an additional 116 shares during the period. Ritholtz Wealth Management grew its holdings in PDD by 1.4% during the 4th quarter. Ritholtz Wealth Management now owns 12,189 shares of the company's stock valued at $1,783,000 after purchasing an additional 174 shares in the last quarter. First Trust Direct Indexing L.P. increased its stake in PDD by 3.8% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 4,962 shares of the company's stock worth $487,000 after buying an additional 181 shares during the period. Finally, Lindbrook Capital LLC lifted its holdings in PDD by 11.3% in the 4th quarter. Lindbrook Capital LLC now owns 2,047 shares of the company's stock worth $299,000 after buying an additional 207 shares in the last quarter. 29.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PDD has been the topic of a number of analyst reports. Barclays lifted their target price on PDD from $164.00 to $178.00 and gave the stock an "overweight" rating in a research report on Thursday, March 21st. Benchmark lifted their price objective on PDD from $215.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday, March 21st. The Goldman Sachs Group cut PDD from a "buy" rating to a "neutral" rating and set a $136.00 target price for the company. in a research note on Monday, March 11th. Citigroup lifted their price target on shares of PDD from $170.00 to $185.00 and gave the stock a "buy" rating in a research note on Thursday, March 21st. Finally, JPMorgan Chase & Co. reduced their price objective on shares of PDD from $195.00 to $190.00 and set an "overweight" rating on the stock in a research note on Thursday, March 21st. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $146.85.

PDD Stock Performance

Shares of PDD stock traded up $2.64 during trading hours on Friday, reaching $140.18. The company's stock had a trading volume of 11,575,696 shares, compared to its average volume of 8,344,514. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.93 and a current ratio of 1.93. The company's 50 day simple moving average is $121.72 and its 200 day simple moving average is $127.68. PDD Holdings Inc. has a one year low of $59.67 and a one year high of $152.99. The stock has a market cap of $184.98 billion, a P/E ratio of 24.46, a price-to-earnings-growth ratio of 0.36 and a beta of 0.67.

PDD (NASDAQ:PDD - Get Free Report) last posted its earnings results on Wednesday, March 20th. The company reported $2.23 EPS for the quarter, beating the consensus estimate of $1.42 by $0.81. PDD had a return on equity of 39.10% and a net margin of 24.23%. The company had revenue of $12.52 billion during the quarter, compared to analyst estimates of $11.80 billion. As a group, analysts expect that PDD Holdings Inc. will post 7.85 EPS for the current fiscal year.

PDD Company 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.