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

Key Points

• PDD Holdings Inc. has received a consensus recommendation of "Hold" from fifteen research firms, with nine holding, five buying, and one rating it a strong buy.
• The average 12-month target price among analysts for PDD is $137.82, with several analysts recently increasing their price targets.
• Institutional investors own approximately 39.83% of PDD's stock, with several firms recently increasing their stakes in the company.

PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD - Get Free Report) has received a consensus recommendation of "Hold" from the fifteen research firms that are covering the company, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $137.8182.

Several equities research analysts have recently issued reports on PDD shares. Benchmark reaffirmed a "buy" rating and issued a $160.00 price target (up from $128.00) on shares of PDD in a research report on Tuesday, August 26th. Barclays raised their price target on PDD from $158.00 to $165.00 and gave the company an "overweight" rating in a research report on Tuesday, August 26th. Zacks Research raised PDD from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 29th. Macquarie set a $165.00 price target on PDD and gave the company an "outperform" rating in a research report on Monday, August 25th. Finally, Citigroup reaffirmed a "buy" rating on shares of PDD in a research report on Monday, August 25th.

Institutional Investors Weigh In On PDD

Hedge funds and other institutional investors have recently made changes to their positions in the business. Focus Financial Network Inc. lifted its stake in shares of PDD by 4.3% in the second quarter. Focus Financial Network Inc. now owns 2,376 shares of the company's stock valued at $249,000 after buying an additional 97 shares during the period. Gunderson Capital Management Inc. lifted its stake in shares of PDD by 5.5% in the second quarter. Gunderson Capital Management Inc. now owns 1,944 shares of the company's stock valued at $203,000 after buying an additional 101 shares during the period. Lido Advisors LLC lifted its stake in shares of PDD by 4.6% in the second quarter. Lido Advisors LLC now owns 2,633 shares of the company's stock valued at $276,000 after buying an additional 115 shares during the period. Signaturefd LLC lifted its stake in shares of PDD by 1.3% in the first quarter. Signaturefd LLC now owns 8,957 shares of the company's stock valued at $1,060,000 after buying an additional 119 shares during the period. Finally, Advisors Asset Management Inc. lifted its stake in shares of PDD by 2.8% in the first quarter. Advisors Asset Management Inc. now owns 5,279 shares of the company's stock valued at $625,000 after buying an additional 146 shares during the period. 39.83% of the stock is owned by institutional investors and hedge funds.

PDD Price Performance

PDD stock opened at $134.25 on Monday. The company has a market capitalization of $186.90 billion, a price-to-earnings ratio of 14.56, a PEG ratio of 1.59 and a beta of 0.40. PDD has a one year low of $87.11 and a one year high of $155.67. The company's fifty day moving average price is $122.98 and its two-hundred day moving average price is $112.43.

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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