PDD Holdings Inc. Sponsored ADR $PDD Position Lifted by OPTIMAS CAPITAL Ltd

OPTIMAS CAPITAL Ltd grew its stake in PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD) by 269.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 120,256 shares of the company’s stock after acquiring an additional 87,707 shares during the quarter. PDD comprises about 15.1% of OPTIMAS CAPITAL Ltd’s portfolio, making the stock its 3rd biggest position. OPTIMAS CAPITAL Ltd’s holdings in PDD were worth $13,636,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of PDD by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 32,810,630 shares of the company’s stock valued at $3,720,397,000 after acquiring an additional 425,908 shares during the period. Norges Bank purchased a new position in shares of PDD in the 4th quarter valued at $1,065,446,000. Geode Capital Management LLC increased its holdings in shares of PDD by 5.6% in the 4th quarter. Geode Capital Management LLC now owns 6,759,780 shares of the company’s stock valued at $761,720,000 after acquiring an additional 359,921 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of PDD by 305.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 6,728,909 shares of the company’s stock valued at $762,991,000 after acquiring an additional 5,070,827 shares during the period. Finally, First Beijing Investment Ltd increased its holdings in shares of PDD by 10.6% in the 3rd quarter. First Beijing Investment Ltd now owns 6,168,721 shares of the company’s stock valued at $815,320,000 after acquiring an additional 590,869 shares during the period. 39.83% of the stock is currently owned by hedge funds and other institutional investors.

PDD Price Performance

PDD stock opened at $85.88 on Friday. The stock has a market capitalization of $122.24 billion, a price-to-earnings ratio of 9.27, a PEG ratio of 0.80 and a beta of -0.02. PDD Holdings Inc. Sponsored ADR has a 1-year low of $81.56 and a 1-year high of $139.41. The business has a fifty day moving average price of $97.55 and a 200-day moving average price of $104.82.

PDD (NASDAQ:PDD) last posted its quarterly earnings data on Friday, May 15th. The company reported $0.34 earnings per share for the quarter. The firm had revenue of $15.41 million during the quarter. PDD had a return on equity of 24.32% and a net margin of 21.86%. On average, equities research analysts anticipate that PDD Holdings Inc. Sponsored ADR will post 10.98 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on PDD shares. Jefferies Financial Group reiterated a “buy” rating on shares of PDD in a report on Wednesday, May 27th. Benchmark cut their price target on PDD from $160.00 to $127.00 and set a “buy” rating on the stock in a report on Thursday, May 28th. Citigroup cut their price target on PDD from $142.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, May 27th. The Goldman Sachs Group reiterated a “buy” rating on shares of PDD in a report on Thursday, May 28th. Finally, Nomura downgraded PDD from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 28th. Seven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company 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.