1 week Ago By ABMN Staff
Franchise Capital Ltd reduced its position in PDD Holdings Inc. ( NASDAQ:PDD – Free Report ) by 24.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC).
The firm owned 636,224 shares of the company’s stock after selling 210,000 shares during the period. PDD comprises about 28.6% of Franchise Capital Ltd’s portfolio, making the stock its 2nd biggest holding.
Franchise Capital Ltd’s holdings in PDD were worth $61,707,000 at the end of the most recent reporting period. A number of other hedge funds have also recently added to or reduced their stakes in PDD. Gordian Capital Singapore Pte Ltd increased its holdings in PDD by 1,218.
9% in the third quarter. Gordian Capital Singapore Pte Ltd now owns 6,990 shares of the company’s stock valued at $942,000 after buying an additional 6,460 shares in the last quarter. Lord Abbett & CO.
LLC grew its position in shares of PDD by 63.9% during the 3rd quarter. Lord Abbett & CO.
LLC now owns 38,235 shares of the company’s stock valued at $5,155,000 after acquiring an additional 14,905 shares during the period. TB Alternative Assets Ltd. increased its stake in shares of PDD by 33.
7% in the 3rd quarter. TB Alternative Assets Ltd. now owns 173,148 shares of the company’s stock valued at $23,342,000 after purchasing an additional 43,648 shares in the last quarter.
Vontobel Holding Ltd. raised its holdings in PDD by 13.3% in the 3rd quarter.
Vontobel Holding Ltd. now owns 234,325 shares of the company’s stock worth $31,589,000 after purchasing an additional 27,567 shares during the period. Finally, Jupiter Asset Management Ltd.
boosted its position in PDD by 63.7% during the second quarter. Jupiter Asset Management Ltd.
now owns 230,917 shares of the company’s stock worth $30,700,000 after purchasing an additional 89,853 shares in the last quarter. 39.83% of the stock is owned by hedge funds and other institutional investors.
PDD Stock Down 0.1 % Shares of NASDAQ PDD opened at $96.89 on Friday.
The stock has a market cap of $133.31 billion, a PE ratio of 9.46, a P/E/G ratio of 0.
29 and a beta of 0.67. The company has a 50-day moving average of $107.
41 and a 200 day moving average of $120.46. 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 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.
02. Analyst Ratings Changes Read Our Latest Analysis on PDD PDD 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.
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