2 weeks Ago By ABMN Staff
MBB Public Markets I LLC grew its holdings in shares of PDD Holdings Inc. ( NASDAQ:PDD – Free Report ) by 997.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
The fund owned 42,498 shares of the company’s stock after buying an additional 38,626 shares during the period. MBB Public Markets I LLC’s holdings in PDD were worth $5,650,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Other institutional investors and hedge funds have also made changes to their positions in the company.
Los Angeles Capital Management LLC grew its position in shares of PDD by 149.0% in the 1st quarter. Los Angeles Capital Management LLC now owns 296,786 shares of the company’s stock valued at $34,501,000 after buying an additional 177,600 shares during the last quarter.
Hhlr Advisors LTD. grew its holdings in shares of PDD by 37.5% during the fourth quarter.
Hhlr Advisors LTD. now owns 10,110,947 shares of the company’s stock worth $1,479,333,000 after purchasing an additional 2,760,100 shares during the last quarter. Vanguard Group Inc.
increased its position in shares of PDD by 0.3% during the fourth quarter. Vanguard Group Inc.
now owns 24,163,927 shares of the company’s stock worth $3,535,424,000 after purchasing an additional 62,312 shares in the last quarter. Jupiter Asset Management Ltd. lifted its holdings in shares of PDD by 63.
7% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 230,917 shares of the company’s stock valued at $30,700,000 after purchasing an additional 89,853 shares during the last quarter.
Finally, Connectus Wealth LLC boosted its position in shares of PDD by 9.4% in the 4th quarter. Connectus Wealth LLC now owns 6,852 shares of the company’s stock valued at $1,003,000 after purchasing an additional 590 shares during the period.
29.07% of the stock is owned by institutional investors and hedge funds. PDD Stock Performance NASDAQ PDD opened at $135.
38 on Friday. The stock has a market capitalization of $186.27 billion, a price-to-earnings ratio of 17.
93, a PEG ratio of 0.25 and a beta of 0.69.
The business’s 50 day moving average is $118.41 and its two-hundred day moving average is $128.35.
PDD Holdings Inc. has a 12-month low of $88.01 and a 12-month high of $164.
69. The company has a current ratio of 2.11, a quick ratio of 2.
11 and a debt-to-equity ratio of 0.02. Analyst Upgrades and Downgrades Several research analysts have commented on the company.
Sanford C. Bernstein cut their price target on PDD from $235.00 to $170.
00 and set an “outperform” rating on the stock in a research report on Tuesday, August 27th. Jefferies Financial Group cut their target price on shares of PDD from $193.00 to $151.
00 and set a “buy” rating on the stock in a report on Monday, August 26th. Macquarie cut shares of PDD from an “outperform” rating to a “neutral” rating in a research note on Monday, August 26th. Barclays lowered their price objective on shares of PDD from $224.
00 to $158.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 27th. Finally, Benchmark decreased their target price on shares of PDD from $230.
00 to $185.00 and set a “buy” rating for the company in a research note on Tuesday, August 27th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock.
According to data from MarketBeat, PDD presently has an average rating of “Buy” and an average target price of $177.78. Check Out Our Latest Report on PDD PDD Company Profile ( Free Report ) PDD Holdings Inc, a multinational commerce group, owns and operates a portfolio of businesses.
It operates Pinduoduo, an e-commerce platform that offers products in various categories, including agricultural produce, apparel, shoes, bags, mother and childcare products, food and beverage, electronic appliances, furniture and household goods, cosmetics and other personal care, sports and fitness items and auto accessories; and Temu, an online marketplace. Featured Articles Want to see what other hedge funds are holding PDD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PDD Holdings Inc.
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