Crake Asset Management LLP Acquires New Shares in PDD Holdings Inc. Sponsored ADR $PDD

Crake Asset Management LLP purchased a new stake in PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 46,000 shares of the company’s stock, valued at approximately $5,216,000. PDD accounts for about 0.2% of Crake Asset Management LLP’s investment portfolio, making the stock its 17th largest holding.

Several other large investors have also recently bought and sold shares of the company. Norges Bank bought a new position in PDD in the 4th quarter valued at $1,065,446,000. Eurizon SLJ Capital Ltd bought a new position in PDD in the 4th quarter valued at $583,000. Belvedere Trading LLC bought a new position in PDD in the 4th quarter valued at $269,000. Eurizon Capital SGR S.p.A. bought a new position in PDD in the 4th quarter valued at $10,954,000. Finally, Fideuram Asset Management Ireland dac bought a new position in PDD in the 4th quarter valued at $10,509,000. 39.83% of the stock is owned by institutional investors.

Key Headlines Impacting PDD

Here are the key news stories impacting PDD this week:

• Positive Sentiment: One commentary piece argued the recent sell-off may be overdone and maintained a bullish view on PDD Holdings, suggesting some investors still see upside after the pullback. PDD Holdings: Unjustified Sell-Off, Strong Buy
• Neutral Sentiment: Benchmark lowered its price target on PDD but kept a buy rating, indicating Wall Street still sees meaningful upside even after trimming expectations. Benchmark price target cut
• Neutral Sentiment: Barclays cut its rating to equal weight and sharply reduced its price target, reflecting a more cautious stance on the stock’s near-term setup. Barclays downgrade
• Negative Sentiment: PDD’s latest quarterly results missed EPS and revenue estimates, even though revenue still rose year over year; investors focused on the miss as a sign growth is becoming harder to sustain. PDD Holdings Q1 Earnings Lag Estimates
• Negative Sentiment: Temu was hit with a €200 million EU fine over compliance issues, adding a fresh regulatory overhang for PDD’s fast-growing international business. Temu Hit With €200 Million EU Fine
• Negative Sentiment: Multiple law firms announced or continued securities-fraud investigations tied to PDD, which can weigh on sentiment and increase headline risk for shareholders. Securities Fraud Investigation Continues

PDD Stock Performance

PDD stock opened at $84.44 on Friday. The firm has a market cap of $120.19 billion, a P/E ratio of 9.12, a P/E/G ratio of 0.80 and a beta of 0.04. The firm’s fifty day moving average is $98.37 and its 200 day moving average is $106.39. PDD Holdings Inc. Sponsored ADR has a 52 week low of $81.56 and a 52 week high of $139.41.

PDD (NASDAQ:PDD) last posted its quarterly earnings results on Friday, May 15th. The company reported $0.34 earnings per share (EPS) for the quarter. PDD had a net margin of 21.86% and a return on equity of 25.04%. The business had revenue of $15.41 million during the quarter. As a group, analysts forecast that PDD Holdings Inc. Sponsored ADR will post 10.98 EPS for the current year.

Analyst Ratings Changes

PDD has been the subject of several analyst reports. Wall Street Zen downgraded shares of PDD from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Benchmark dropped their price objective on shares of PDD from $160.00 to $127.00 and set a “buy” rating for the company in a report on Thursday. Sanford C. Bernstein dropped their price objective on shares of PDD from $132.00 to $110.00 and set a “market perform” rating for the company in a report on Wednesday. Jefferies Financial Group reaffirmed a “buy” rating on shares of PDD in a report on Wednesday. Finally, Nomura downgraded shares of PDD from a “strong-buy” rating to a “hold” rating in a report on Thursday. Seven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, PDD presently has an average rating of “Moderate Buy” and an average price target of $131.33.

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.