PDD Holdings Inc. Sponsored ADR $PDD is Green Court Capital Management Ltd’s 2nd Largest Position

Green Court Capital Management Ltd decreased its position in PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD) by 19.2% in the fourth quarter, Holdings Channel reports. The firm owned 856,958 shares of the company’s stock after selling 203,842 shares during the period. PDD accounts for 38.2% of Green Court Capital Management Ltd’s investment portfolio, making the stock its 2nd largest holding. Green Court Capital Management Ltd’s holdings in PDD were worth $99,476,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. GAMMA Investing LLC boosted its holdings 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 purchasing an additional 238 shares during the period. Binnacle Investments Inc boosted its holdings 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 purchasing an additional 200 shares during the period. Wexford Capital LP purchased a new stake in shares of PDD in the third quarter valued at approximately $44,000. Assetmark Inc. boosted its holdings 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 purchasing an additional 305 shares during the period. Finally, Larson Financial Group LLC boosted its holdings 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 purchasing an additional 353 shares during the period. Hedge funds and other institutional investors own 39.83% of the company’s stock.

Key Stories Impacting PDD

Here are the key news stories impacting PDD this week:

• Positive Sentiment: Some analysts still see meaningful upside, with Benchmark maintaining a buy rating even after lowering its price target, and another note describing the recent sell-off as potentially overdone. Benchmark price target update Seeking Alpha article
• Neutral Sentiment: PDD reported Q1 revenue growth of about 11% to 17% and transaction-services strength, but earnings and revenue still missed Wall Street estimates, showing the business is growing but not fast enough to meet expectations. Businesswire investigation Zacks earnings report
• Neutral Sentiment: The company is also facing multiple securities-fraud investigation notices from law firms, which can add headline risk but do not necessarily change fundamentals on their own. TMCnet investigation notice Howard G. Smith investigation
• Negative Sentiment: Investors are reacting to weaker-than-expected profit and revenue, plus management’s heavier spending on supply-chain expansion and Temu growth, which may pressure margins in the near term. MSN revenue miss article Proactive Investors article WSJ article
• Negative Sentiment: Wall Street has reset expectations lower, with Barclays sharply reducing its target and other coverage pointing to rising spending and tougher competition, reinforcing a more cautious outlook for PDD. Barclays target cut Supply chain push article

PDD Stock Down 4.1%

PDD stock opened at $83.03 on Friday. The business has a fifty day moving average of $98.70 and a two-hundred day moving average of $106.55. The firm has a market cap of $118.18 billion, a P/E ratio of 8.97, a P/E/G ratio of 0.82 and a beta of 0.04. PDD Holdings Inc. Sponsored ADR has a twelve month low of $81.56 and a twelve month high of $139.41.

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

Analyst Upgrades and Downgrades

PDD has been the subject of a number of research reports. Citigroup lowered their price target on PDD from $142.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday. Sanford C. Bernstein lowered their price target on PDD from $132.00 to $110.00 and set a “market perform” rating for the company in a report on Wednesday. Benchmark lowered their price target on PDD from $160.00 to $127.00 and set a “buy” rating for the company in a report on Thursday. Jefferies Financial Group reiterated a “buy” rating on shares of PDD in a report on Wednesday. Finally, Arete Research upgraded PDD from a “neutral” rating to a “buy” rating and set a $121.00 price target for the company in a report on Friday, April 17th. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, PDD has a consensus rating of “Moderate Buy” and an average target price of $131.33.

PDD 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.