PDD Holdings Inc. Sponsored ADR $PDD Shares Bought by Banco BTG Pactual S.A.

Banco BTG Pactual S.A. raised its position in PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD) by 135.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 68,967 shares of the company’s stock after purchasing an additional 39,635 shares during the period. PDD comprises approximately 1.3% of Banco BTG Pactual S.A.’s portfolio, making the stock its 19th biggest holding. Banco BTG Pactual S.A.’s holdings in PDD were worth $7,820,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in shares of PDD by 595.0% in the fourth quarter. GAMMA Investing LLC now owns 278 shares of the company’s stock valued at $32,000 after acquiring an additional 238 shares in the last quarter. Binnacle Investments Inc lifted its position in shares of PDD by 281.7% in the third quarter. Binnacle Investments Inc now owns 271 shares of the company’s stock valued at $36,000 after acquiring an additional 200 shares in the last quarter. Wexford Capital LP purchased a new stake in shares of PDD in the third quarter valued at $44,000. Assetmark Inc. lifted its position in shares of PDD by 314.4% in the third quarter. Assetmark Inc. now owns 402 shares of the company’s stock valued at $53,000 after acquiring an additional 305 shares in the last quarter. Finally, Larson Financial Group LLC lifted its position in shares of PDD by 720.4% in the third quarter. Larson Financial Group LLC now owns 402 shares of the company’s stock valued at $53,000 after acquiring an additional 353 shares in the last quarter. Institutional investors and hedge funds own 39.83% of the company’s stock.

PDD Price Performance

PDD stock opened at $81.30 on Friday. The stock’s 50-day moving average is $95.73 and its 200-day moving average is $103.55. The company has a market cap of $115.72 billion, a price-to-earnings ratio of 8.78, a price-to-earnings-growth ratio of 0.85 and a beta of -0.02. PDD Holdings Inc. Sponsored ADR has a 12 month low of $78.87 and a 12 month high of $139.41.

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

Wall Street Analysts Forecast Growth

PDD has been the topic of several recent research reports. Sanford C. Bernstein reduced their price objective on PDD from $132.00 to $110.00 and set a “market perform” rating on the stock in a research report on Wednesday, May 27th. Benchmark reduced their price objective on PDD from $160.00 to $127.00 and set a “buy” rating on the stock in a research report on Thursday, May 28th. Morgan Stanley set a $129.00 price objective on PDD in a research report on Wednesday, May 27th. Jefferies Financial Group restated a “buy” rating on shares of PDD in a research report on Wednesday, May 27th. Finally, Barclays downgraded PDD from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $165.00 to $89.00 in a research report on Thursday, May 28th. 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 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.