Anatole Investment Management Ltd Invests $94.96 Million in PDD Holdings Inc. Sponsored ADR $PDD

Anatole Investment Management Ltd acquired a new position in shares of PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 837,433 shares of the company’s stock, valued at approximately $94,957,000. PDD comprises 15.7% of Anatole Investment Management Ltd’s holdings, making the stock its 3rd largest position. Anatole Investment Management Ltd owned about 0.06% of PDD at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in shares of PDD by 595.0% during the 4th quarter. GAMMA Investing LLC now owns 278 shares of the company’s stock worth $32,000 after buying an additional 238 shares during the last quarter. Binnacle Investments Inc boosted its stake in shares of PDD by 281.7% during the 3rd quarter. Binnacle Investments Inc now owns 271 shares of the company’s stock worth $36,000 after buying an additional 200 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of PDD by 230.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 377 shares of the company’s stock worth $43,000 after buying an additional 263 shares during the last quarter. Wexford Capital LP acquired a new position in shares of PDD during the 3rd quarter worth about $44,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of PDD during the 4th quarter worth about $44,000. 39.83% of the stock is currently owned by institutional investors and hedge funds.

PDD Stock Performance

Shares of NASDAQ:PDD opened at $79.86 on Thursday. PDD Holdings Inc. Sponsored ADR has a 52-week low of $78.87 and a 52-week high of $139.41. The company has a market capitalization of $113.67 billion, a P/E ratio of 8.62, a price-to-earnings-growth ratio of 0.65 and a beta of -0.02. The company has a 50-day simple moving average of $94.17 and a 200 day simple moving average of $102.62.

PDD (NASDAQ:PDD) last issued its earnings results on Wednesday, May 27th. The company reported $1.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.40 by ($1.02). PDD had a net margin of 21.86% and a return on equity of 24.32%. The firm had revenue of $15.41 billion during the quarter, compared to analyst estimates of $15.92 billion. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the business posted $1.57 earnings per share. As a group, equities analysts forecast that PDD Holdings Inc. Sponsored ADR will post 9.92 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PDD has been the subject of a number of recent research reports. Jefferies Financial Group restated a “buy” rating on shares of PDD in a research note on Wednesday, May 27th. BNP Paribas Exane assumed coverage on shares of PDD in a research note on Monday. They issued an “underperform” rating and a $89.00 target price for the company. Barclays downgraded shares of PDD from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $165.00 to $89.00 in a research note on Thursday, May 28th. Morgan Stanley set a $129.00 target price on shares of PDD in a research note on Wednesday, May 27th. Finally, Benchmark cut their target price on shares of PDD from $160.00 to $127.00 and set a “buy” rating for the company in a research note on Thursday, May 28th. Seven research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $128.08.

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.