United American Securities Inc. d b a UAS Asset Management Buys New Position in PDD Holdings Inc. Sponsored ADR $PDD

United American Securities Inc. d b a UAS Asset Management bought a new position in shares of PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 12,500 shares of the company’s stock, valued at approximately $1,652,000. PDD accounts for about 0.3% of United American Securities Inc. d b a UAS Asset Management’s investment portfolio, making the stock its 13th largest position.

Several other institutional investors have also recently added to or reduced their stakes in PDD. Insigneo Advisory Services LLC bought a new position in shares of PDD during the 3rd quarter worth approximately $457,000. AustralianSuper Pty Ltd lifted its position in shares of PDD by 18.4% during the 3rd quarter. AustralianSuper Pty Ltd now owns 41,422 shares of the company’s stock valued at $5,475,000 after acquiring an additional 6,432 shares during the period. Teachers Retirement System of The State of Kentucky lifted its position in shares of PDD by 22.8% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 213,860 shares of the company’s stock valued at $28,266,000 after acquiring an additional 39,700 shares during the period. 111 Capital boosted its stake in PDD by 3.7% during the third quarter. 111 Capital now owns 5,393 shares of the company’s stock worth $713,000 after acquiring an additional 193 shares in the last quarter. Finally, Fisher Asset Management LLC grew its holdings in PDD by 2.1% in the third quarter. Fisher Asset Management LLC now owns 575,944 shares of the company’s stock worth $76,123,000 after purchasing an additional 11,800 shares during the period. 39.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on PDD. Loop Capital set a $170.00 price objective on shares of PDD in a report on Tuesday, January 6th. Bank of America decreased their target price on PDD from $141.00 to $140.00 and set a “neutral” rating for the company in a research report on Wednesday, November 19th. Morgan Stanley set a $148.00 price target on PDD in a research note on Thursday, January 15th. Wall Street Zen cut PDD from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, Citigroup restated a “neutral” rating on shares of PDD in a report on Wednesday, January 28th. Four research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, PDD currently has an average rating of “Hold” and a consensus target price of $139.87.

PDD Price Performance

PDD opened at $100.71 on Wednesday. PDD Holdings Inc. Sponsored ADR has a fifty-two week low of $87.11 and a fifty-two week high of $139.41. The firm has a market capitalization of $140.20 billion, a PE ratio of 10.51, a P/E/G ratio of 0.95 and a beta of -0.01. The company’s 50-day moving average is $107.94 and its 200 day moving average is $119.14.

About PDD

PDD (NASDAQ: PDD) is the holding company best known for operating Pinduoduo, a China-based, mobile-first e-commerce platform that emphasizes interactive, social shopping and group-buying mechanics to drive user engagement and low prices. Founded in 2015 by entrepreneur Colin Huang, the business has grown by connecting consumers directly with merchants and manufacturers, with particular emphasis on value-oriented goods and fresh agricultural produce. The company is based in Shanghai and completed a U.S.