Dymon Asia Capital Singapore PTE. LTD. Boosts Holdings in PDD Holdings Inc. Sponsored ADR $PDD

Dymon Asia Capital Singapore PTE. LTD. lifted its stake in PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD) by 125.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,917 shares of the company’s stock after buying an additional 36,122 shares during the period. PDD makes up 0.7% of Dymon Asia Capital Singapore PTE. LTD.’s investment portfolio, making the stock its 14th largest holding. Dymon Asia Capital Singapore PTE. LTD.’s holdings in PDD were worth $7,361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the stock. Advisory Services Network LLC grew its position in shares of PDD by 0.7% in the 3rd quarter. Advisory Services Network LLC now owns 15,458 shares of the company’s stock valued at $2,043,000 after buying an additional 102 shares during the last quarter. West Family Investments Inc. boosted its stake in PDD by 2.8% during the 3rd quarter. West Family Investments Inc. now owns 4,026 shares of the company’s stock worth $532,000 after purchasing an additional 110 shares during the period. Range Financial Group LLC boosted its stake in PDD by 3.8% during the 4th quarter. Range Financial Group LLC now owns 3,620 shares of the company’s stock worth $410,000 after purchasing an additional 131 shares during the period. Savant Capital LLC boosted its stake in PDD by 5.2% during the 3rd quarter. Savant Capital LLC now owns 3,079 shares of the company’s stock worth $407,000 after purchasing an additional 151 shares during the period. Finally, Fifth Third Bancorp boosted its stake in PDD by 4.3% during the 4th quarter. Fifth Third Bancorp now owns 3,649 shares of the company’s stock worth $414,000 after purchasing an additional 151 shares during the period. 39.83% of the stock is owned by hedge funds and other institutional investors.

PDD Stock Up 0.3%

Shares of NASDAQ:PDD opened at $81.56 on Friday. The company has a market cap of $116.09 billion, a price-to-earnings ratio of 8.81, a PEG ratio of 0.85 and a beta of -0.02. The firm’s 50-day simple moving average is $95.33 and its 200-day simple moving average is $103.40. PDD Holdings Inc. Sponsored ADR has a fifty-two week low of $78.87 and a fifty-two week high of $139.41.

PDD (NASDAQ:PDD) last issued its earnings results on Wednesday, May 27th. The company reported $1.38 earnings per share for the quarter, missing the consensus estimate of $2.40 by ($1.02). The firm had revenue of $15.41 billion during the quarter, compared to analysts’ expectations of $15.92 billion. PDD had a net margin of 21.86% and a return on equity of 24.32%. The firm’s revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.57 EPS. On average, research analysts forecast that PDD Holdings Inc. Sponsored ADR will post 9.92 EPS for the current year.

Trending Headlines about PDD

Here are the key news stories impacting PDD this week:

• Negative Sentiment: Analysts have turned more cautious on PDD, with one report saying the stock’s modeled fair value was cut from US$148.52 to US$119.85, reflecting worries about heavier investment, softer monetization, and slower order growth. PDD Holdings (PDD) Stock Fair Value Falls After Analysts Cut Targets On Q1 Concerns
• Negative Sentiment: Multiple law firms are continuing securities fraud investigations into PDD Holdings, keeping legal and headline risk elevated for shareholders. Securities Fraud Investigation Into PDD Holdings Inc. (PDD) Continues
• Negative Sentiment: Another legal notice from Frank R. Cruz’s law firm said it is still investigating PDD, adding to concerns about possible federal securities-law violations. Securities Fraud Investigation Into PDD Holdings Inc. (PDD) Continues
• Neutral Sentiment: PDD is drawing unusual investor attention, with Zacks noting heavy web searches and option-market activity, which can signal rising speculation but does not by itself confirm a fundamental change. Investors Heavily Search PDD Holdings Inc. Sponsored ADR (PDD): Here is What You Need to Know
• Neutral Sentiment: Options-trading activity has also picked up around PDD, suggesting traders are positioning for a larger move, but the direction remains unclear. Do Options Traders Know Something About PDD Holdings Stock We Don’t?

Analyst Ratings Changes

PDD has been the subject of a number of recent research reports. Benchmark decreased their price target on shares of PDD from $160.00 to $127.00 and set a “buy” rating for the company in a research note on Thursday, May 28th. Sanford C. Bernstein decreased their price target on shares of PDD from $132.00 to $110.00 and set a “market perform” rating for the company in a research note on Wednesday, May 27th. Jefferies Financial Group restated a “buy” rating on shares of PDD in a research note on Wednesday, May 27th. Barclays downgraded shares of PDD from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $165.00 to $89.00 in a report on Thursday, May 28th. Finally, Nomura downgraded shares of PDD from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 28th. Seven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $131.33.

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.