PDD Holdings Inc. (NASDAQ:PDD) Shares Sold by Jump Financial LLC

Jump Financial LLC trimmed its holdings in PDD Holdings Inc. (NASDAQ:PDD - Free Report) by 41.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,375 shares of the company's stock after selling 3,873 shares during the quarter. Jump Financial LLC's holdings in PDD were worth $521,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Stifel Financial Corp boosted its holdings in shares of PDD by 172.8% in the third quarter. Stifel Financial Corp now owns 6,400 shares of the company's stock valued at $863,000 after purchasing an additional 4,054 shares during the period. Tidal Investments LLC grew its position in shares of PDD by 1,019.4% during the 3rd quarter. Tidal Investments LLC now owns 71,173 shares of the company's stock worth $9,595,000 after buying an additional 64,815 shares in the last quarter. Oddo BHF Asset Management Sas purchased a new position in shares of PDD during the third quarter valued at $653,000. Lord Abbett & CO. LLC lifted its stake in PDD by 63.9% in the third quarter. Lord Abbett & CO. LLC now owns 38,235 shares of the company's stock worth $5,155,000 after acquiring an additional 14,905 shares during the period. Finally, Range Financial Group LLC bought a new position in PDD during the 4th quarter worth about $224,000. Hedge funds and other institutional investors own 39.83% of the company's stock.

PDD Stock Performance

Shares of PDD traded up $1.83 during trading hours on Tuesday, hitting $104.92. The stock had a trading volume of 1,888,643 shares, compared to its average volume of 10,283,707. The firm has a market capitalization of $144.35 billion, a price-to-earnings ratio of 10.25, a PEG ratio of 0.32 and a beta of 0.73. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.15 and a current ratio of 2.15. The firm has a 50-day moving average price of $111.80 and a 200 day moving average price of $110.58. PDD Holdings Inc. has a fifty-two week low of $87.11 and a fifty-two week high of $164.69.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on PDD shares. Nomura Securities cut shares of PDD from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 21st. Citigroup reissued a "neutral" rating on shares of PDD in a research report on Thursday, March 20th. JPMorgan Chase & Co. lifted their price target on shares of PDD from $105.00 to $125.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Jefferies Financial Group decreased their price objective on PDD from $171.00 to $156.00 and set a "buy" rating for the company in a report on Thursday, March 20th. Finally, Benchmark restated a "buy" rating and set a $160.00 price target on shares of PDD in a research note on Friday, March 21st. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $169.91.

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.