Charles Lim Capital Ltd Lowers Position in PDD Holdings Inc. Sponsored ADR $PDD

Charles Lim Capital Ltd reduced its position in PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD) by 16.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 500,000 shares of the company’s stock after selling 100,000 shares during the period. PDD accounts for about 15.4% of Charles Lim Capital Ltd’s portfolio, making the stock its 3rd largest position. Charles Lim Capital Ltd’s holdings in PDD were worth $56,695,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of PDD in the 4th quarter valued at about $44,000. Polymer Capital Management HK LTD boosted its holdings in shares of PDD by 107.8% in the 4th quarter. Polymer Capital Management HK LTD now owns 378,574 shares of the company’s stock valued at $42,927,000 after buying an additional 196,390 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of PDD by 6.0% in the 4th quarter. Wells Fargo & Company MN now owns 135,516 shares of the company’s stock valued at $15,366,000 after buying an additional 7,630 shares in the last quarter. Korea Investment CORP boosted its holdings in shares of PDD by 1.6% in the 4th quarter. Korea Investment CORP now owns 554,687 shares of the company’s stock valued at $62,896,000 after buying an additional 8,800 shares in the last quarter. Finally, Nipun Capital L.P. boosted its holdings in shares of PDD by 65.7% in the 4th quarter. Nipun Capital L.P. now owns 28,000 shares of the company’s stock valued at $3,175,000 after buying an additional 11,100 shares in the last quarter. 39.83% of the stock is currently owned by institutional investors.

PDD Stock Up 0.3%

Shares of PDD stock opened at $81.56 on Friday. PDD Holdings Inc. Sponsored ADR has a 52 week low of $78.87 and a 52 week high of $139.41. The firm has a market capitalization of $116.09 billion, a P/E ratio of 8.81, a PEG ratio of 0.85 and a beta of -0.02. The company has a 50 day moving average price of $95.33 and a 200 day moving average price of $103.40.

PDD (NASDAQ:PDD) last posted its quarterly earnings results on Wednesday, May 27th. The company reported $1.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.40 by ($1.02). PDD had a return on equity of 24.32% and a net margin of 21.86%.The business had revenue of $15.41 billion for the quarter, compared to analysts’ expectations of $15.92 billion. During the same period in the prior year, the business posted $1.57 earnings per share. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. As a group, research analysts anticipate that PDD Holdings Inc. Sponsored ADR will post 9.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PDD has been the topic of a number of recent analyst reports. Benchmark lowered their price target on shares of PDD from $160.00 to $127.00 and set a “buy” rating on the stock in a report on Thursday, May 28th. Nomura lowered shares of PDD from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 28th. Sanford C. Bernstein decreased their price objective on shares of PDD from $132.00 to $110.00 and set a “market perform” rating for the company in a research report on Wednesday, May 27th. Barclays lowered shares of PDD from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $165.00 to $89.00 in a research report on Thursday, May 28th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of PDD in a research report on Wednesday, May 27th. Seven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $131.33.

Key PDD News

Here are the key news stories impacting PDD this week:

• Negative Sentiment: Analysts have turned more cautious on PDD, with one report saying the stock’s modeled fair value was cut from US$148.52 to US$119.85, reflecting worries about heavier investment, softer monetization, and slower order growth. PDD Holdings (PDD) Stock Fair Value Falls After Analysts Cut Targets On Q1 Concerns
• Negative Sentiment: Multiple law firms are continuing securities fraud investigations into PDD Holdings, keeping legal and headline risk elevated for shareholders. Securities Fraud Investigation Into PDD Holdings Inc. (PDD) Continues
• Negative Sentiment: Another legal notice from Frank R. Cruz’s law firm said it is still investigating PDD, adding to concerns about possible federal securities-law violations. Securities Fraud Investigation Into PDD Holdings Inc. (PDD) Continues
• Neutral Sentiment: PDD is drawing unusual investor attention, with Zacks noting heavy web searches and option-market activity, which can signal rising speculation but does not by itself confirm a fundamental change. Investors Heavily Search PDD Holdings Inc. Sponsored ADR (PDD): Here is What You Need to Know
• Neutral Sentiment: Options-trading activity has also picked up around PDD, suggesting traders are positioning for a larger move, but the direction remains unclear. Do Options Traders Know Something About PDD Holdings Stock We Don’t?

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.