Yunqi Capital Ltd Raises Holdings in PDD Holdings Inc. Sponsored ADR $PDD

Yunqi Capital Ltd lifted its stake in shares of PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD) by 27.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 185,100 shares of the company’s stock after purchasing an additional 40,300 shares during the quarter. PDD comprises about 16.7% of Yunqi Capital Ltd’s investment portfolio, making the stock its 3rd largest holding. Yunqi Capital Ltd’s holdings in PDD were worth $20,988,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC raised its stake in shares of PDD by 595.0% during the fourth quarter. GAMMA Investing LLC now owns 278 shares of the company’s stock valued at $32,000 after purchasing an additional 238 shares in the last quarter. Binnacle Investments Inc raised its stake in shares of PDD by 281.7% during the third quarter. Binnacle Investments Inc now owns 271 shares of the company’s stock valued at $36,000 after purchasing an additional 200 shares in the last quarter. Wexford Capital LP bought a new stake in shares of PDD during the third quarter valued at about $44,000. Assetmark Inc. raised its holdings in PDD by 314.4% during the third quarter. Assetmark Inc. now owns 402 shares of the company’s stock worth $53,000 after purchasing an additional 305 shares in the last quarter. Finally, Larson Financial Group LLC raised its holdings in PDD by 720.4% during the third quarter. Larson Financial Group LLC now owns 402 shares of the company’s stock worth $53,000 after purchasing an additional 353 shares in the last quarter. 39.83% of the stock is currently owned by institutional investors.

Key PDD News

Here are the key news stories impacting PDD this week:

• Negative Sentiment: PDD reported first-quarter earnings and revenue that missed analyst estimates, despite revenue still rising year over year. The shortfall reinforced concerns that growth is slowing as competition in China remains intense. PDD Holdings Q1 Earnings Lag Estimates, Revenues Increase Y/Y
• Negative Sentiment: The company’s share price also faced a reset after management signaled significant supply-chain and logistics investment tied to Temu expansion, which may pressure margins in the near term. PDD stock faces Wall Street reset: Temu expansion, supply chain spending pressure outlook
• Negative Sentiment: Analysts turned more cautious: Nomura downgraded PDD from “strong-buy” to “hold,” while Barclays cut its rating to “equal weight” and lowered its price target sharply. Nomura downgrade via Zacks
• Negative Sentiment: Several legal headlines about securities-fraud investigations could add overhang for sentiment, even though they are still preliminary and do not prove wrongdoing. Securities Fraud Investigation Into PDD Holdings Inc. Continues

PDD Stock Performance

NASDAQ PDD opened at $83.03 on Friday. The stock has a market capitalization of $118.18 billion, a P/E ratio of 8.97, a P/E/G ratio of 0.82 and a beta of 0.04. PDD Holdings Inc. Sponsored ADR has a 1 year low of $81.56 and a 1 year high of $139.41. The business’s fifty day moving average is $98.70 and its two-hundred day moving average is $106.55.

PDD (NASDAQ:PDD) last posted its quarterly earnings results on Friday, May 15th. The company reported $0.34 earnings per share (EPS) for the quarter. The company had revenue of $15.41 million for the quarter. PDD had a return on equity of 25.04% and a net margin of 21.86%. On average, research analysts forecast that PDD Holdings Inc. Sponsored ADR will post 10.98 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on PDD. Jefferies Financial Group reissued a “buy” rating on shares of PDD in a report on Wednesday. Nomura cut PDD from a “strong-buy” rating to a “hold” rating in a report on Thursday. Sanford C. Bernstein dropped their target price on PDD from $132.00 to $110.00 and set a “market perform” rating on the stock in a report on Wednesday. Arete Research upgraded shares of PDD from a “neutral” rating to a “buy” rating and set a $121.00 price target on the stock in a research report on Friday, April 17th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of PDD in a research report on Thursday. Seven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $131.33.

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.