PDD Holdings Inc. (NASDAQ:PDD) Shares Bought by Yousif Capital Management LLC

Yousif Capital Management LLC raised its stake in PDD Holdings Inc. (NASDAQ:PDD) by 6.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,804 shares of the company’s stock after acquiring an additional 2,090 shares during the period. Yousif Capital Management LLC’s holdings in PDD were worth $4,946,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. SC US Ttgp LTD. boosted its position in shares of PDD by 1,414.4% during the third quarter. SC US Ttgp LTD. now owns 48,233,322 shares of the company’s stock worth $4,730,242,000 after buying an additional 45,048,300 shares during the period. Baillie Gifford & Co. boosted its position in shares of PDD by 6.4% during the fourth quarter. Baillie Gifford & Co. now owns 37,960,238 shares of the company’s stock worth $5,553,962,000 after buying an additional 2,292,068 shares during the period. Vanguard Group Inc. boosted its position in shares of PDD by 38.0% during the third quarter. Vanguard Group Inc. now owns 24,101,615 shares of the company’s stock worth $2,363,645,000 after buying an additional 6,637,418 shares during the period. FMR LLC boosted its position in shares of PDD by 32.6% during the third quarter. FMR LLC now owns 17,635,104 shares of the company’s stock worth $1,729,475,000 after buying an additional 4,334,186 shares during the period. Finally, Invesco Ltd. boosted its position in shares of PDD by 5.4% during the third quarter. Invesco Ltd. now owns 7,349,430 shares of the company’s stock worth $720,759,000 after buying an additional 376,947 shares during the period. 29.07% of the stock is currently owned by institutional investors and hedge funds.

PDD Price Performance

Shares of NASDAQ:PDD opened at $129.31 on Friday. PDD Holdings Inc. has a one year low of $59.67 and a one year high of $152.99. The stock has a fifty day moving average of $121.75 and a 200-day moving average of $126.56. The company has a market capitalization of $170.64 billion, a PE ratio of 22.57, a price-to-earnings-growth ratio of 0.33 and a beta of 0.67. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 1.93.

PDD (NASDAQ:PDD) last announced its quarterly earnings data on Wednesday, March 20th. The company reported $2.23 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.81. PDD had a return on equity of 39.10% and a net margin of 24.23%. The company had revenue of $12.52 billion during the quarter, compared to the consensus estimate of $11.80 billion. As a group, equities analysts anticipate that PDD Holdings Inc. will post 7.85 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PDD has been the subject of several analyst reports. JPMorgan Chase & Co. reduced their price objective on PDD from $195.00 to $190.00 and set an “overweight” rating for the company in a research report on Thursday, March 21st. The Goldman Sachs Group downgraded PDD from a “buy” rating to a “neutral” rating and set a $136.00 price objective for the company. in a research report on Monday, March 11th. Barclays upped their target price on PDD from $164.00 to $178.00 and gave the stock an “overweight” rating in a research report on Thursday, March 21st. Jefferies Financial Group upped their target price on PDD from $157.00 to $161.00 and gave the stock a “buy” rating in a research report on Thursday, March 21st. Finally, Citigroup upped their target price on PDD from $170.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, March 21st. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $146.85.

PDD Company Profile

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.