PDD Holdings Inc. (NASDAQ:PDD) Shares Sold by Capitolis Liquid Global Markets LLC

Capitolis Liquid Global Markets LLC decreased its stake in PDD Holdings Inc. (NASDAQ:PDD - Free Report) by 6.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 476,000 shares of the company's stock after selling 30,500 shares during the period. Capitolis Liquid Global Markets LLC's holdings in PDD were worth $46,167,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of PDD. Norges Bank acquired a new position in shares of PDD in the 4th quarter valued at approximately $812,246,000. Sanders Capital LLC bought a new stake in shares of PDD in the fourth quarter worth $499,972,000. FMR LLC increased its stake in shares of PDD by 22.3% in the fourth quarter. FMR LLC now owns 25,603,183 shares of the company's stock worth $2,483,253,000 after buying an additional 4,673,022 shares during the last quarter. FIL Ltd raised its holdings in PDD by 72.4% in the fourth quarter. FIL Ltd now owns 7,978,622 shares of the company's stock valued at $773,847,000 after acquiring an additional 3,350,627 shares in the last quarter. Finally, Capital International Investors acquired a new position in PDD during the 4th quarter worth $246,823,000. Institutional investors and hedge funds own 39.83% of the company's stock.

PDD Price Performance

NASDAQ PDD opened at $110.85 on Tuesday. The company has a 50-day moving average price of $110.26 and a two-hundred day moving average price of $109.86. The stock has a market cap of $152.52 billion, a price-to-earnings ratio of 10.83, a price-to-earnings-growth ratio of 0.32 and a beta of 0.57. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.02. PDD Holdings Inc. has a 52 week low of $87.11 and a 52 week high of $164.69.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Citigroup restated a "neutral" rating on shares of PDD in a research note on Thursday, March 20th. JPMorgan Chase & Co. increased their target price on PDD from $105.00 to $125.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Nomura Securities downgraded PDD from a "strong-buy" rating to a "hold" rating in a report on Friday, March 21st. Benchmark restated a "buy" rating and set a $160.00 price objective on shares of PDD in a research note on Friday, March 21st. Finally, Nomura reissued a "neutral" rating and set a $130.00 target price (down from $137.00) on shares of PDD in a report on Thursday, March 20th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $169.91.

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.

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