PKO Investment Management Joint Stock Co Grows Stock Holdings in PDD Holdings Inc. Sponsored ADR $PDD

PKO Investment Management Joint Stock Co grew its stake in PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD) by 66.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,000 shares of the company’s stock after purchasing an additional 10,000 shares during the period. PKO Investment Management Joint Stock Co’s holdings in PDD were worth $2,835,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. GAMMA Investing LLC lifted its position in PDD by 595.0% during the fourth quarter. GAMMA Investing LLC now owns 278 shares of the company’s stock worth $32,000 after buying an additional 238 shares in the last quarter. Binnacle Investments Inc boosted its stake in PDD by 281.7% during the third quarter. Binnacle Investments Inc now owns 271 shares of the company’s stock worth $36,000 after buying an additional 200 shares during the last quarter. Wexford Capital LP purchased a new stake in PDD in the 3rd quarter valued at $44,000. Assetmark Inc. increased its stake in shares of PDD by 314.4% in the 3rd quarter. Assetmark Inc. now owns 402 shares of the company’s stock worth $53,000 after acquiring an additional 305 shares during the last quarter. Finally, Larson Financial Group LLC increased its stake in shares of PDD by 720.4% in the 3rd quarter. Larson Financial Group LLC now owns 402 shares of the company’s stock worth $53,000 after acquiring an additional 353 shares during the last quarter. Institutional investors and hedge funds own 39.83% of the company’s stock.

PDD Stock Down 0.2%

Shares of PDD stock opened at $99.72 on Friday. The firm has a market cap of $138.83 billion, a PE ratio of 10.61, a price-to-earnings-growth ratio of 0.94 and a beta of 0.04. PDD Holdings Inc. Sponsored ADR has a 52 week low of $95.24 and a 52 week high of $139.41. The business’s fifty day simple moving average is $101.41 and its 200-day simple moving average is $111.42.

Analysts Set New Price Targets

Several research analysts have recently weighed in on PDD shares. Citigroup reissued a “neutral” rating on shares of PDD in a research report on Wednesday, January 28th. Arete Research upgraded shares of PDD from a “neutral” rating to a “buy” rating and set a $121.00 price objective for the company in a research report on Friday, April 17th. Nomura raised shares of PDD from a “neutral” rating to a “buy” rating and set a $136.00 target price on the stock in a research note on Friday, March 27th. Morgan Stanley set a $148.00 target price on shares of PDD in a report on Thursday, January 15th. Finally, Wall Street Zen cut shares of PDD from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Six analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, PDD presently has an average rating of “Hold” and a consensus price target of $139.67.

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.