PDD Holdings Inc. Sponsored ADR $PDD Shares Bought by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. grew its holdings in shares of PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD) by 721.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 180,704 shares of the company’s stock after acquiring an additional 158,704 shares during the period. Jupiter Asset Management Ltd.’s holdings in PDD were worth $20,490,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of PDD. Assenagon Asset Management S.A. grew its stake in shares of PDD by 305.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 6,728,909 shares of the company’s stock valued at $762,991,000 after acquiring an additional 5,070,827 shares in the last quarter. Himalaya Capital Management LLC acquired a new stake in shares of PDD during the second quarter valued at about $482,273,000. Orbis Allan Gray Ltd grew its stake in shares of PDD by 135.6% during the second quarter. Orbis Allan Gray Ltd now owns 5,647,728 shares of the company’s stock valued at $591,091,000 after acquiring an additional 3,250,416 shares in the last quarter. Aspex Management HK Ltd acquired a new stake in shares of PDD during the third quarter valued at about $419,287,000. Finally, SG Americas Securities LLC grew its stake in shares of PDD by 931.4% during the fourth quarter. SG Americas Securities LLC now owns 3,238,126 shares of the company’s stock valued at $367,171,000 after acquiring an additional 2,924,176 shares in the last quarter. 39.83% of the stock is currently owned by institutional investors and hedge funds.

PDD News Summary

Here are the key news stories impacting PDD this week:

• Positive Sentiment: One commentary piece argued the recent sell-off may be overdone and maintained a bullish view on PDD Holdings, suggesting some investors still see upside after the pullback. PDD Holdings: Unjustified Sell-Off, Strong Buy
• Neutral Sentiment: Benchmark lowered its price target on PDD but kept a buy rating, indicating Wall Street still sees meaningful upside even after trimming expectations. Benchmark price target cut
• Neutral Sentiment: Barclays cut its rating to equal weight and sharply reduced its price target, reflecting a more cautious stance on the stock’s near-term setup. Barclays downgrade
• Negative Sentiment: PDD’s latest quarterly results missed EPS and revenue estimates, even though revenue still rose year over year; investors focused on the miss as a sign growth is becoming harder to sustain. PDD Holdings Q1 Earnings Lag Estimates
• Negative Sentiment: Temu was hit with a €200 million EU fine over compliance issues, adding a fresh regulatory overhang for PDD’s fast-growing international business. Temu Hit With €200 Million EU Fine
• Negative Sentiment: Multiple law firms announced or continued securities-fraud investigations tied to PDD, which can weigh on sentiment and increase headline risk for shareholders. Securities Fraud Investigation Continues

Wall Street Analysts Forecast Growth

PDD has been the subject of a number of research reports. Sanford C. Bernstein decreased their price target on PDD from $132.00 to $110.00 and set a “market perform” rating for the company in a research note on Wednesday. Citigroup decreased their price target on PDD from $142.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday. Barclays downgraded PDD from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $165.00 to $89.00 in a research note on Thursday. The Goldman Sachs Group reiterated a “buy” rating on shares of PDD in a research note on Thursday. Finally, Arete Research upgraded PDD from a “neutral” rating to a “buy” rating and set a $121.00 price target for the company in a research note on Friday, April 17th. Seven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $131.33.

PDD Stock Up 1.7%

Shares of NASDAQ PDD opened at $84.44 on Friday. The firm’s 50-day moving average price is $98.37 and its two-hundred day moving average price is $106.39. PDD Holdings Inc. Sponsored ADR has a 52-week low of $81.56 and a 52-week high of $139.41. The stock has a market capitalization of $120.19 billion, a P/E ratio of 9.12, a P/E/G ratio of 0.78 and a beta of 0.04.

PDD (NASDAQ:PDD) last issued its earnings results on Friday, May 15th. The company reported $0.34 earnings per share (EPS) for the quarter. PDD had a net margin of 21.86% and a return on equity of 25.04%. The firm had revenue of $15.41 million for the quarter. As a group, equities research analysts expect 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.