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

Key Points

• PDD Holdings has an average analyst recommendation of "Hold" from 15 analysts (9 hold, 6 buy) with a mean 12‑month price target of $139.67.
• The stock opened at $97.77 (down 2.3%), has a market cap of $136.11 billion, a P/E of 10.40, and a 52‑week range of $95.24–$139.41, putting it well below the consensus target.
• Analyst views are mixed—recent moves include upgrades from Arete and Nomura and price targets as high as $170—while institutional investors own about 39.83% of the shares and several hedge funds have modestly increased stakes.

PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD - Get Free Report) has been given an average recommendation of "Hold" by the fifteen analysts that are presently covering the company, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $139.6667.

A number of equities research analysts have recently commented on PDD shares. Loop Capital set a $170.00 target price on shares of PDD in a research report on Tuesday, January 6th. Arete Research upgraded shares of PDD from a "neutral" rating to a "buy" rating and set a $121.00 target price for the company in a research report on Friday, April 17th. Wall Street Zen cut shares of PDD from a "buy" rating to a "hold" rating in a research report on Saturday, January 31st. Morgan Stanley set a $148.00 target price on shares of PDD in a research report on Thursday, January 15th. Finally, Nomura upgraded shares of PDD from a "neutral" rating to a "buy" rating and set a $136.00 target price for the company in a research report on Friday, March 27th.

Institutional Investors Weigh In On PDD

Hedge funds have recently modified their holdings of the company. Binnacle Investments Inc grew its holdings in shares of PDD by 281.7% in the third quarter. Binnacle Investments Inc now owns 271 shares of the company's stock valued at $36,000 after purchasing an additional 200 shares during the period. GAMMA Investing LLC grew its holdings in shares of PDD by 595.0% in the fourth quarter. GAMMA Investing LLC now owns 278 shares of the company's stock valued at $32,000 after purchasing an additional 238 shares during the period. Wexford Capital LP purchased a new stake in shares of PDD in the third quarter valued at about $44,000. Smartleaf Asset Management LLC grew its holdings in shares of PDD by 230.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 377 shares of the company's stock valued at $43,000 after purchasing an additional 263 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of PDD in the fourth quarter valued at about $44,000. Hedge funds and other institutional investors own 39.83% of the company's stock.

PDD Stock Down 2.3%

Shares of NASDAQ PDD opened at $97.77 on Friday. The firm has a 50-day simple moving average of $101.73 and a 200-day simple moving average of $112.69. The stock has a market capitalization of $136.11 billion, a price-to-earnings ratio of 10.40, a price-to-earnings-growth ratio of 0.94 and a beta of 0.07. PDD has a 52 week low of $95.24 and a 52 week high of $139.41.

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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