PDD Holdings Inc. (NASDAQ:PDD) Shares Sold by Parametrica Management Ltd

Parametrica Management Ltd reduced its stake in shares of PDD Holdings Inc. (NASDAQ:PDD) by 38.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,561 shares of the company’s stock after selling 15,839 shares during the quarter. PDD comprises 6.1% of Parametrica Management Ltd’s portfolio, making the stock its 4th biggest position. Parametrica Management Ltd’s holdings in PDD were worth $3,740,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. SC US Ttgp LTD. lifted its holdings in shares of PDD by 1,414.4% during the 3rd quarter. SC US Ttgp LTD. now owns 48,233,322 shares of the company’s stock valued at $4,730,242,000 after purchasing an additional 45,048,300 shares in the last quarter. Vanguard Group Inc. lifted its stake in PDD by 38.0% in the 3rd quarter. Vanguard Group Inc. now owns 24,101,615 shares of the company’s stock valued at $2,363,645,000 after acquiring an additional 6,637,418 shares in the last quarter. Baillie Gifford & Co. lifted its stake in PDD by 14.4% in the 3rd quarter. Baillie Gifford & Co. now owns 35,668,170 shares of the company’s stock valued at $3,497,977,000 after acquiring an additional 4,501,126 shares in the last quarter. FMR LLC increased its position in shares of PDD by 32.6% during the 3rd quarter. FMR LLC now owns 17,635,104 shares of the company’s stock worth $1,729,475,000 after purchasing an additional 4,334,186 shares during the last quarter. Finally, Ninety One UK Ltd acquired a new position in shares of PDD during the 4th quarter worth approximately $235,666,000. 29.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on the company. The Goldman Sachs Group lowered PDD from a “buy” rating to a “neutral” rating and set a $136.00 price target on the stock. in a research report on Monday, March 11th. Barclays lifted their price target on PDD from $164.00 to $178.00 and gave the stock an “overweight” rating in a report on Thursday, March 21st. Jefferies Financial Group increased their price objective on PDD from $157.00 to $161.00 and gave the stock a “buy” rating in a research report on Thursday, March 21st. JPMorgan Chase & Co. dropped their target price on PDD from $195.00 to $190.00 and set an “overweight” rating for the company in a report on Thursday, March 21st. Finally, Benchmark upped their price target on shares of PDD from $215.00 to $220.00 and gave the company a “buy” rating in a research note 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $146.85.

PDD Price Performance

Shares of NASDAQ:PDD traded up $3.52 during trading on Friday, reaching $129.31. 11,547,606 shares of the company traded hands, compared to its average volume of 6,706,696. The company’s 50 day moving average is $121.75 and its two-hundred day moving average is $126.67. The firm has a market capitalization of $170.64 billion, a PE ratio of 22.57, a PEG ratio of 0.33 and a beta of 0.67. The company has a quick ratio of 1.83, a current ratio of 1.93 and a debt-to-equity ratio of 0.03. PDD Holdings Inc. has a 52 week low of $59.67 and a 52 week high of $152.99.

PDD (NASDAQ:PDD) last released its earnings results on Wednesday, March 20th. The company reported $2.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.81. The firm had revenue of $12.52 billion during the quarter, compared to the consensus estimate of $11.80 billion. PDD had a return on equity of 39.10% and a net margin of 24.23%. As a group, sell-side analysts predict that PDD Holdings Inc. will post 7.85 earnings per share for the current year.

About PDD

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.