PDD Holdings Inc. Sponsored ADR $PDD Stock Position Increased by FACT Capital LP

FACT Capital LP boosted its holdings in shares of PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD) by 11.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 81,435 shares of the company’s stock after acquiring an additional 8,279 shares during the quarter. PDD comprises 5.5% of FACT Capital LP’s holdings, making the stock its 9th largest holding. FACT Capital LP’s holdings in PDD were worth $8,321,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. LBP AM SA acquired a new position in PDD during the fourth quarter worth $6,690,000. Step Capital Management Pte. Ltd. acquired a new position in PDD in the 4th quarter valued at about $8,504,000. Geode Capital Management LLC increased its stake in PDD by 5.6% during the fourth quarter. Geode Capital Management LLC now owns 6,759,780 shares of the company’s stock worth $761,720,000 after purchasing an additional 359,921 shares during the period. Dymon Asia Capital Singapore PTE. LTD. increased its stake in PDD by 125.4% during the fourth quarter. Dymon Asia Capital Singapore PTE. LTD. now owns 64,917 shares of the company’s stock worth $7,361,000 after purchasing an additional 36,122 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of PDD by 10.7% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,785,936 shares of the company’s stock worth $202,507,000 after purchasing an additional 173,068 shares in the last quarter. Hedge funds and other institutional investors own 39.83% of the company’s stock.

PDD Trading Up 2.6%

PDD stock opened at $84.85 on Tuesday. The company has a fifty day simple moving average of $84.22 and a 200-day simple moving average of $96.24. The stock has a market cap of $120.78 billion and a P/E ratio of 9.16. PDD Holdings Inc. Sponsored ADR has a 12-month low of $71.94 and a 12-month high of $139.41.

PDD (NASDAQ:PDD) last posted its quarterly earnings results on Wednesday, May 27th. The company reported $1.38 earnings per share for the quarter, missing analysts’ consensus estimates of $2.40 by ($1.02). The business had revenue of $15.41 billion during the quarter, compared to analyst estimates of $15.92 billion. PDD had a net margin of 21.86% and a return on equity of 24.32%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.57 earnings per share. As a group, sell-side analysts forecast that PDD Holdings Inc. Sponsored ADR will post 9.7 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on PDD. The Goldman Sachs Group reissued a “buy” rating on shares of PDD in a research note on Thursday, May 28th. BNP Paribas Exane started coverage on shares of PDD in a research note on Monday, June 15th. They set an “underperform” rating and a $89.00 target price on the stock. Daiwa Securities Group reiterated a “hold” rating and set a $80.00 target price on shares of PDD in a report on Tuesday, June 23rd. Citigroup decreased their price target on shares of PDD from $142.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, May 27th. Finally, Sanford C. Bernstein reduced their price objective on PDD from $132.00 to $110.00 and set a “market perform” rating on the stock in a research note on Wednesday, May 27th. Seven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $124.64.

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.