PDD Holdings Inc. Sponsored ADR $PDD Shares Acquired by Hantz Financial Services Inc.

Hantz Financial Services Inc. lifted its holdings in shares of PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD) by 758.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,114 shares of the company’s stock after purchasing an additional 3,635 shares during the quarter. Hantz Financial Services Inc.’s holdings in PDD were worth $429,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of PDD. OVERSEA CHINESE BANKING Corp Ltd lifted its position in PDD by 4,562.1% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 14,419,327 shares of the company’s stock valued at $1,706,527,000 after buying an additional 14,110,042 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of PDD by 899.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,985,969 shares of the company’s stock worth $1,063,489,000 after acquiring an additional 8,086,620 shares during the last quarter. Hhlr Advisors LTD. lifted its holdings in shares of PDD by 140.4% in the 1st quarter. Hhlr Advisors LTD. now owns 6,562,576 shares of the company’s stock worth $776,681,000 after acquiring an additional 3,832,301 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of PDD by 53.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 7,394,211 shares of the company’s stock worth $773,878,000 after purchasing an additional 2,573,065 shares during the period. Finally, Orbis Allan Gray Ltd boosted its position in shares of PDD by 2,354.9% during the 1st quarter. Orbis Allan Gray Ltd now owns 2,397,312 shares of the company’s stock worth $283,722,000 after purchasing an additional 2,299,659 shares during the period. 39.83% of the stock is currently owned by hedge funds and other institutional investors.

PDD Price Performance

PDD opened at $134.87 on Monday. The business has a fifty day moving average price of $129.35 and a 200 day moving average price of $115.89. PDD Holdings Inc. Sponsored ADR has a 12 month low of $87.11 and a 12 month high of $139.41. The stock has a market capitalization of $187.76 billion, a price-to-earnings ratio of 14.63, a PEG ratio of 1.59 and a beta of 0.47.

Analyst Ratings Changes

A number of research analysts have commented on PDD shares. Benchmark restated a “buy” rating and set a $160.00 price target (up from $128.00) on shares of PDD in a research note on Tuesday, August 26th. Jefferies Financial Group set a $146.00 target price on PDD and gave the stock a “buy” rating in a research note on Monday, August 25th. Macquarie set a $165.00 target price on PDD and gave the company an “outperform” rating in a report on Monday, August 25th. Zacks Research lowered shares of PDD from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. Finally, Barclays raised their price objective on shares of PDD from $158.00 to $165.00 and gave the company an “overweight” rating in a research note on Tuesday, August 26th. Five research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $137.82.

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.