Deutsche Bank AG Has $314.78 Million Stock Holdings in PDD Holdings Inc. Sponsored ADR $PDD

Deutsche Bank AG raised its holdings in shares of PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD) by 2.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,776,077 shares of the company’s stock after purchasing an additional 72,731 shares during the quarter. Deutsche Bank AG owned approximately 0.20% of PDD worth $314,779,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Advisory Services Network LLC lifted its holdings in shares of PDD by 0.7% during the third quarter. Advisory Services Network LLC now owns 15,458 shares of the company’s stock worth $2,043,000 after buying an additional 102 shares in the last quarter. West Family Investments Inc. lifted its holdings in shares of PDD by 2.8% during the third quarter. West Family Investments Inc. now owns 4,026 shares of the company’s stock worth $532,000 after buying an additional 110 shares in the last quarter. Range Financial Group LLC lifted its holdings in shares of PDD by 3.8% during the fourth quarter. Range Financial Group LLC now owns 3,620 shares of the company’s stock worth $410,000 after buying an additional 131 shares in the last quarter. Savant Capital LLC lifted its holdings in shares of PDD by 5.2% during the third quarter. Savant Capital LLC now owns 3,079 shares of the company’s stock worth $407,000 after buying an additional 151 shares in the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of PDD by 4.3% during the fourth quarter. Fifth Third Bancorp now owns 3,649 shares of the company’s stock worth $414,000 after buying an additional 151 shares in the last quarter. Institutional investors and hedge funds own 39.83% of the company’s stock.

PDD Stock Performance

Shares of NASDAQ PDD opened at $81.82 on Thursday. PDD Holdings Inc. Sponsored ADR has a 52 week low of $81.00 and a 52 week high of $139.41. The stock has a market capitalization of $116.46 billion, a P/E ratio of 8.84, a PEG ratio of 0.85 and a beta of -0.02. The stock’s fifty day moving average is $96.15 and its 200 day moving average is $103.78.

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on PDD shares. Sanford C. Bernstein dropped their target price on PDD from $132.00 to $110.00 and set a “market perform” rating for the company in a report on Wednesday, May 27th. Barclays downgraded PDD from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $165.00 to $89.00 in a report on Thursday, May 28th. Citigroup dropped their target price on PDD from $142.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, May 27th. Jefferies Financial Group reissued a “buy” rating on shares of PDD in a report on Wednesday, May 27th. Finally, Morgan Stanley set a $129.00 target price on PDD in a 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 stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.33.

About PDD

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.