PDD Holdings Inc. Sponsored ADR $PDD Shares Acquired by NEOS Investment Management LLC

NEOS Investment Management LLC boosted its holdings in PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD) by 69.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 204,356 shares of the company’s stock after purchasing an additional 83,963 shares during the quarter. NEOS Investment Management LLC’s holdings in PDD were worth $27,010,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Westside Investment Management Inc. increased its stake in shares of PDD by 398.0% during the second quarter. Westside Investment Management Inc. now owns 249 shares of the company’s stock valued at $26,000 after acquiring an additional 199 shares during the period. Assetmark Inc. lifted its holdings in shares of PDD by 314.4% during the third quarter. Assetmark Inc. now owns 402 shares of the company’s stock valued at $53,000 after purchasing an additional 305 shares during the last quarter. Global Retirement Partners LLC raised its holdings in PDD by 215.7% during the 3rd quarter. Global Retirement Partners LLC now owns 442 shares of the company’s stock worth $58,000 after buying an additional 302 shares during the period. EMC Capital Management purchased a new stake in shares of PDD in the 2nd quarter valued at approximately $52,000. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in PDD during the 2nd quarter worth approximately $56,000. Institutional investors own 39.83% of the company’s stock.

PDD Trading Up 0.1%

PDD stock opened at $100.28 on Tuesday. PDD Holdings Inc. Sponsored ADR has a 1 year low of $87.11 and a 1 year high of $139.41. The company’s 50-day moving average is $109.46 and its two-hundred day moving average is $119.94. The company has a market cap of $139.60 billion and a PE ratio of 10.47.

Analyst Ratings Changes

PDD has been the subject of a number of research analyst reports. Sanford C. Bernstein set a $135.00 target price on shares of PDD in a research report on Tuesday, November 18th. Arete Research set a $130.00 target price on PDD in a research note on Tuesday, December 9th. Citigroup reiterated a “neutral” rating on shares of PDD in a report on Wednesday, January 28th. Wall Street Zen downgraded shares of PDD from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, Loop Capital set a $170.00 target price on shares of PDD in a research note on Tuesday, January 6th. 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, the stock presently has an average rating of “Hold” and an average price target of $139.87.

PDD 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.