Deutsche Bank AG Acquires 72,731 Shares of PDD Holdings Inc. Sponsored ADR $PDD

Deutsche Bank AG raised its holdings in PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD) by 2.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,776,077 shares of the company’s stock after purchasing an additional 72,731 shares during the period. Deutsche Bank AG’s holdings in PDD were worth $314,779,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Franklin Resources Inc. grew its position in PDD by 17.8% in the fourth quarter. Franklin Resources Inc. now owns 802,538 shares of the company’s stock valued at $91,000,000 after acquiring an additional 121,206 shares during the last quarter. O Shaughnessy Asset Management LLC grew its position in PDD by 3.4% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 53,219 shares of the company’s stock valued at $6,035,000 after acquiring an additional 1,764 shares during the last quarter. Krane Funds Advisors LLC grew its position in PDD by 4.2% in the fourth quarter. Krane Funds Advisors LLC now owns 6,397,960 shares of the company’s stock valued at $725,465,000 after acquiring an additional 258,888 shares during the last quarter. Capital International Sarl grew its position in PDD by 7.5% in the fourth quarter. Capital International Sarl now owns 27,738 shares of the company’s stock valued at $3,145,000 after acquiring an additional 1,932 shares during the last quarter. Finally, Capital International Inc. CA grew its position in PDD by 14.7% in the fourth quarter. Capital International Inc. CA now owns 409,537 shares of the company’s stock valued at $46,437,000 after acquiring an additional 52,371 shares during the last quarter. Institutional investors own 39.83% of the company’s stock.

PDD Price Performance

PDD stock opened at $81.82 on Thursday. The stock’s 50 day moving average is $96.15 and its 200 day moving average is $103.78. The firm has a market cap of $116.46 billion, a P/E ratio of 8.84, a P/E/G ratio of 0.85 and a beta of -0.02. PDD Holdings Inc. Sponsored ADR has a one year low of $81.00 and a one year high of $139.41.

PDD (NASDAQ:PDD) last posted 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 company had revenue of $15.41 billion during the quarter, compared to analyst estimates of $15.92 billion. PDD had a return on equity of 24.32% and a net margin of 21.86%.PDD’s revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.57 earnings per share. Equities analysts anticipate that PDD Holdings Inc. Sponsored ADR will post 9.92 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on PDD shares. Barclays cut PDD from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $165.00 to $89.00 in a research report on Thursday, May 28th. Morgan Stanley set a $129.00 price target on PDD in a report on Wednesday, May 27th. Citigroup reduced 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. Jefferies Financial Group restated a “buy” rating on shares of PDD in a report on Wednesday, May 27th. Finally, Sanford C. Bernstein reduced their price target on PDD from $132.00 to $110.00 and set a “market perform” rating on the stock in a report on Wednesday, May 27th. Seven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, PDD presently has an average rating of “Moderate Buy” and a consensus 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.