OPTIMAS CAPITAL Ltd Has $13.64 Million Stake in PDD Holdings Inc. Sponsored ADR $PDD

OPTIMAS CAPITAL Ltd grew its stake in PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD) by 269.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 120,256 shares of the company’s stock after purchasing an additional 87,707 shares during the period. PDD makes up about 15.1% of OPTIMAS CAPITAL Ltd’s portfolio, making the stock its 3rd biggest position. OPTIMAS CAPITAL Ltd’s holdings in PDD were worth $13,636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Daiwa Securities Group Inc. raised its holdings in shares of PDD by 9.4% in the fourth quarter. Daiwa Securities Group Inc. now owns 76,875 shares of the company’s stock worth $8,717,000 after buying an additional 6,590 shares during the period. Cibc World Market Inc. raised its holdings in shares of PDD by 110.9% in the fourth quarter. Cibc World Market Inc. now owns 6,615 shares of the company’s stock worth $750,000 after buying an additional 3,478 shares during the period. CIBC Asset Management Inc raised its holdings in shares of PDD by 6.2% in the fourth quarter. CIBC Asset Management Inc now owns 150,924 shares of the company’s stock worth $17,113,000 after buying an additional 8,813 shares during the period. BNP Paribas raised its holdings in shares of PDD by 53.3% in the fourth quarter. BNP Paribas now owns 2,300 shares of the company’s stock worth $261,000 after buying an additional 800 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its holdings in shares of PDD by 4.9% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 128,886 shares of the company’s stock worth $14,614,000 after buying an additional 6,033 shares during the period. 39.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Nomura downgraded PDD from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 28th. The Goldman Sachs Group reiterated a “buy” rating on shares of PDD in a report on Thursday, May 28th. Citigroup reduced their price target on PDD from $142.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, May 27th. Barclays downgraded PDD from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $165.00 to $89.00 in a report on Thursday, May 28th. Finally, Benchmark reduced their price target on PDD from $160.00 to $127.00 and set a “buy” rating on the stock in a report on Thursday, May 28th. Seven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, PDD currently has an average rating of “Moderate Buy” and an average target price of $131.33.

PDD Stock Up 0.6%

PDD opened at $85.88 on Friday. The stock’s fifty day moving average is $97.55 and its two-hundred day moving average is $104.82. The company has a market capitalization of $122.24 billion, a P/E ratio of 9.27, a PEG ratio of 0.80 and a beta of -0.02. PDD Holdings Inc. Sponsored ADR has a 52 week low of $81.56 and a 52 week high of $139.41.

PDD (NASDAQ:PDD) last released its quarterly earnings data on Friday, May 15th. The company reported $0.34 EPS for the quarter. The company had revenue of $15.41 million for the quarter. PDD had a return on equity of 24.32% and a net margin of 21.86%. Equities analysts anticipate that PDD Holdings Inc. Sponsored ADR will post 10.98 earnings per share for the current year.

PDD Company Profile

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.