PDD Holdings Inc. Sponsored ADR $PDD Shares Bought by Integrated Quantitative Investments LLC

Integrated Quantitative Investments LLC raised its stake in PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD) by 184.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,723 shares of the company’s stock after acquiring an additional 24,443 shares during the period. PDD makes up about 1.4% of Integrated Quantitative Investments LLC’s portfolio, making the stock its 5th biggest holding. Integrated Quantitative Investments LLC’s holdings in PDD were worth $4,986,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently modified their holdings of PDD. IFG Advisory LLC acquired a new position in PDD in the third quarter valued at about $362,000. Dimensional Fund Advisors LP lifted its stake in PDD by 3.6% during the third quarter. Dimensional Fund Advisors LP now owns 3,426,879 shares of the company’s stock worth $452,671,000 after purchasing an additional 119,738 shares during the last quarter. United American Securities Inc. d b a UAS Asset Management bought a new stake in shares of PDD during the 3rd quarter valued at approximately $1,652,000. Insigneo Advisory Services LLC bought a new position in PDD in the 3rd quarter valued at approximately $457,000. Finally, AustralianSuper Pty Ltd boosted its position in PDD by 18.4% in the third quarter. AustralianSuper Pty Ltd now owns 41,422 shares of the company’s stock valued at $5,475,000 after buying an additional 6,432 shares in the last quarter. 39.83% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PDD has been the subject of several research analyst reports. Citigroup reiterated a “neutral” rating on shares of PDD in a report on Wednesday, January 28th. Bank of America lowered their target price on PDD from $141.00 to $140.00 and set a “neutral” rating for the company in a report on Wednesday, November 19th. Loop Capital set a $170.00 price target on PDD in a research note on Tuesday, January 6th. Wall Street Zen downgraded PDD from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, Sanford C. Bernstein set a $135.00 price target on shares of PDD in a research report on Tuesday, November 18th. Four research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, PDD currently has a consensus rating of “Hold” and an average target price of $139.87.

PDD Price Performance

PDD opened at $101.19 on Thursday. The firm has a market capitalization of $140.87 billion, a PE ratio of 10.56, a P/E/G ratio of 0.93 and a beta of -0.01. PDD Holdings Inc. Sponsored ADR has a fifty-two week low of $87.11 and a fifty-two week high of $139.41. The company’s 50-day moving average is $107.69 and its 200 day moving average is $119.02.

PDD Company 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.