22,530 Shares in PDD Holdings Inc. Sponsored ADR $PDD Acquired by Capstone Capital Management Ltd

Capstone Capital Management Ltd acquired a new position in PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 22,530 shares of the company’s stock, valued at approximately $2,555,000. PDD accounts for about 2.5% of Capstone Capital Management Ltd’s holdings, making the stock its 8th largest position.

Other institutional investors and hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in PDD by 595.0% in the 4th quarter. GAMMA Investing LLC now owns 278 shares of the company’s stock worth $32,000 after buying an additional 238 shares during the period. Binnacle Investments Inc boosted its holdings in PDD by 281.7% in the 3rd quarter. Binnacle Investments Inc now owns 271 shares of the company’s stock worth $36,000 after buying an additional 200 shares during the period. Wexford Capital LP bought a new position in PDD in the 3rd quarter worth approximately $44,000. Assetmark Inc. boosted its holdings in PDD by 314.4% in the 3rd quarter. Assetmark Inc. now owns 402 shares of the company’s stock worth $53,000 after buying an additional 305 shares during the period. Finally, Larson Financial Group LLC boosted its holdings in 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 buying an additional 353 shares during the period. 39.83% of the stock is owned by institutional investors.

PDD Price Performance

NASDAQ PDD opened at $94.97 on Tuesday. PDD Holdings Inc. Sponsored ADR has a 1 year low of $93.81 and a 1 year high of $139.41. The stock has a market capitalization of $135.18 billion, a PE ratio of 10.10, a P/E/G ratio of 0.90 and a beta of 0.04. The company’s 50 day simple moving average is $100.23 and its two-hundred day simple moving average is $108.93.

Analyst Ratings Changes

Several research analysts recently commented on PDD shares. Nomura raised shares of PDD from a “neutral” rating to a “buy” rating and set a $136.00 price objective for the company in a report on Friday, March 27th. Arete Research raised shares of PDD from a “neutral” rating to a “buy” rating and set a $121.00 price objective for the company in a report on Friday, April 17th. Citigroup reaffirmed a “neutral” rating on shares of PDD in a report on Wednesday, January 28th. Finally, Wall Street Zen downgraded shares of PDD from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Six analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $137.86.

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.