PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD) Receives Average Rating of "Hold" from Analysts

Key Points

• Analyst consensus: 15 analysts give PDD a consensus "Hold" rating (11 holds, 4 buys) with an average 1‑year price target of $139.87.
• Institutional activity: Several funds have increased stakes recently (e.g., TB Alternative Assets +62.5%, Oversea Chinese Banking +17.3%, Nomura +67.1%), and institutions own about 39.8% of the shares.
• Valuation & performance: PDD opened at $101.19 with a market cap of $140.87B, trading at a P/E of 10.56 and PEG of 0.93, below its one‑year high of $139.41 and its 200‑day SMA of $119.02.

PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD - Get Free Report) has been given a consensus rating of "Hold" by the fifteen analysts that are presently covering the firm, MarketBeat.com reports. Eleven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $139.8667.

PDD has been the subject of several research reports. Morgan Stanley set a $148.00 target price on PDD in a research report on Thursday, January 15th. Wall Street Zen lowered shares of PDD from a "buy" rating to a "hold" rating in a research note on Saturday, January 31st. Loop Capital set a $170.00 price target on shares of PDD in a research report on Tuesday, January 6th. Arete Research set a $130.00 price target on shares of PDD in a report on Tuesday, December 9th. Finally, Citigroup reissued a "neutral" rating on shares of PDD in a report on Wednesday, January 28th.

Institutional Investors Weigh In On PDD

A number of hedge funds have recently added to or reduced their stakes in PDD. TB Alternative Assets Ltd. lifted its position in PDD by 62.5% during the 3rd quarter. TB Alternative Assets Ltd. now owns 345,888 shares of the company's stock valued at $45,716,000 after purchasing an additional 133,000 shares during the period. OVERSEA CHINESE BANKING Corp Ltd grew its position in shares of PDD by 17.3% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 368,564 shares of the company's stock worth $48,694,000 after buying an additional 54,418 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in shares of PDD in the 3rd quarter valued at about $2,790,000. Nomura Holdings Inc. raised its holdings in PDD by 67.1% in the second quarter. Nomura Holdings Inc. now owns 173,637 shares of the company's stock worth $18,173,000 after purchasing an additional 69,728 shares during the period. Finally, Freemont Capital Pte Ltd raised its stake in PDD by 19.2% during the 2nd quarter. Freemont Capital Pte Ltd now owns 31,000 shares of the company's stock worth $3,244,000 after buying an additional 5,000 shares during the period. 39.83% of the stock is currently owned by institutional investors.

PDD Stock Performance

Shares of PDD stock opened at $101.19 on Thursday. The stock has a market capitalization of $140.87 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 0.93 and a beta of -0.01. PDD has a one year low of $87.11 and a one year high of $139.41. The company's 50-day simple moving average is $107.69 and its 200-day simple moving average is $119.02.

PDD Company 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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