PDD Holdings Inc. Sponsored ADR $PDD Shares Purchased by Capital International Inc. CA

Capital International Inc. CA increased its holdings in shares of PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD) by 14.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 409,537 shares of the company’s stock after acquiring an additional 52,371 shares during the quarter. Capital International Inc. CA’s holdings in PDD were worth $46,437,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of PDD. Focus Partners Wealth raised its stake in PDD by 352.8% during the first quarter. Focus Partners Wealth now owns 9,939 shares of the company’s stock worth $1,176,000 after acquiring an additional 7,744 shares during the period. Intech Investment Management LLC grew its position in PDD by 2.7% in the 1st quarter. Intech Investment Management LLC now owns 14,890 shares of the company’s stock worth $1,762,000 after purchasing an additional 395 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in PDD by 62.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,662 shares of the company’s stock worth $174,000 after purchasing an additional 637 shares during the last quarter. Cerity Partners LLC grew its position in PDD by 2.0% in the 2nd quarter. Cerity Partners LLC now owns 19,696 shares of the company’s stock worth $2,061,000 after purchasing an additional 382 shares during the last quarter. Finally, CIBC Asset Management Inc grew its position in PDD by 0.3% in the 2nd quarter. CIBC Asset Management Inc now owns 142,498 shares of the company’s stock worth $14,914,000 after purchasing an additional 369 shares during the last quarter. Institutional investors and hedge funds own 39.83% of the company’s stock.

Wall Street Analysts Forecast Growth

PDD has been the subject of several recent analyst reports. The Goldman Sachs Group restated a “buy” rating on shares of PDD in a research report on Thursday, May 28th. Citigroup decreased their target price on shares of PDD from $142.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, May 27th. Benchmark decreased their target price on shares of PDD from $160.00 to $127.00 and set a “buy” rating for the company in a research report on Thursday, May 28th. Nomura cut shares of PDD from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 28th. Finally, Jefferies Financial Group restated a “buy” rating on shares of PDD in a research report on Wednesday, May 27th. Seven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, PDD presently has a consensus rating of “Moderate Buy” and an average target price of $131.33.

PDD Price Performance

PDD stock opened at $85.07 on Friday. The firm has a 50 day simple moving average of $97.20 and a 200-day simple moving average of $104.68. The stock has a market capitalization of $121.09 billion, a PE ratio of 9.19, a price-to-earnings-growth ratio of 0.80 and a beta of -0.02. PDD Holdings Inc. Sponsored ADR has a 12-month low of $81.56 and a 12-month high of $139.41.

PDD (NASDAQ:PDD) last posted its quarterly earnings data on Friday, May 15th. The company reported $0.34 earnings per share (EPS) for the quarter. The business had revenue of $15.41 million during the quarter. PDD had a net margin of 21.86% and a return on equity of 24.32%. On average, analysts forecast that PDD Holdings Inc. Sponsored ADR will post 10.98 earnings per share for the current fiscal year.

PDD 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.