PDD Holdings Inc. Sponsored ADR $PDD is Panview Capital Ltd’s 5th Largest Position

Panview Capital Ltd reduced its stake in shares of PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD) by 46.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 125,000 shares of the company’s stock after selling 106,700 shares during the period. PDD makes up approximately 7.0% of Panview Capital Ltd’s investment portfolio, making the stock its 5th biggest holding. Panview Capital Ltd’s holdings in PDD were worth $16,521,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. EMC Capital Management purchased a new position in PDD in the 2nd quarter worth $52,000. Assetmark Inc. grew its stake in PDD by 314.4% during the 3rd quarter. Assetmark Inc. now owns 402 shares of the company’s stock valued at $53,000 after purchasing an additional 305 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of PDD in the second quarter valued at about $56,000. Global Retirement Partners LLC increased its holdings in shares of PDD by 215.7% in the third quarter. Global Retirement Partners LLC now owns 442 shares of the company’s stock valued at $58,000 after purchasing an additional 302 shares during the period. Finally, Westside Investment Management Inc. raised its stake in shares of PDD by 79.9% in the third quarter. Westside Investment Management Inc. now owns 448 shares of the company’s stock worth $60,000 after purchasing an additional 199 shares during the last quarter. 39.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on PDD shares. Wall Street Zen downgraded PDD from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Citigroup reissued a “neutral” rating on shares of PDD in a research report on Wednesday, January 28th. Morgan Stanley set a $148.00 price objective on shares of PDD in a research note on Thursday, January 15th. Arete Research set a $130.00 price objective on shares of PDD in a report on Tuesday, December 9th. Finally, Sanford C. Bernstein set a $135.00 price objective on shares of PDD in a research note on Tuesday, November 18th. Four analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $139.87.

PDD Stock Up 1.2%

Shares of PDD opened at $101.97 on Monday. The company has a market capitalization of $141.96 billion, a price-to-earnings ratio of 10.64, a PEG ratio of 0.90 and a beta of -0.01. PDD Holdings Inc. Sponsored ADR has a 52 week low of $87.11 and a 52 week high of $139.41. The stock’s 50-day moving average price is $107.17 and its 200-day moving average price is $118.78.

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.