PDD Holdings Inc. (NASDAQ:PDD) Shares Sold by Parametrica Management Ltd

Parametrica Management Ltd trimmed its holdings in PDD Holdings Inc. (NASDAQ:PDD) by 38.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,561 shares of the company’s stock after selling 15,839 shares during the quarter. PDD accounts for about 6.1% of Parametrica Management Ltd’s portfolio, making the stock its 4th biggest holding. Parametrica Management Ltd’s holdings in PDD were worth $3,740,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Whittier Trust Co. of Nevada Inc. lifted its stake in PDD by 2.0% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 3,356 shares of the company’s stock valued at $491,000 after buying an additional 66 shares in the last quarter. PDS Planning Inc lifted its stake in PDD by 5.2% during the fourth quarter. PDS Planning Inc now owns 2,328 shares of the company’s stock valued at $341,000 after buying an additional 116 shares in the last quarter. CWM LLC lifted its stake in PDD by 22.7% during the third quarter. CWM LLC now owns 758 shares of the company’s stock valued at $74,000 after buying an additional 140 shares in the last quarter. Ritholtz Wealth Management lifted its stake in PDD by 1.4% during the fourth quarter. Ritholtz Wealth Management now owns 12,189 shares of the company’s stock valued at $1,783,000 after buying an additional 174 shares in the last quarter. Finally, First Trust Direct Indexing L.P. lifted its stake in PDD by 3.8% during the third quarter. First Trust Direct Indexing L.P. now owns 4,962 shares of the company’s stock valued at $487,000 after buying an additional 181 shares in the last quarter. 29.07% of the stock is owned by institutional investors and hedge funds.

PDD Stock Up 2.8 %

NASDAQ:PDD traded up $3.52 during mid-day trading on Friday, reaching $129.31. The stock had a trading volume of 11,547,606 shares, compared to its average volume of 6,706,696. The business’s 50 day moving average is $121.75 and its 200 day moving average is $126.67. PDD Holdings Inc. has a fifty-two week low of $59.67 and a fifty-two week high of $152.99. The stock has a market cap of $170.64 billion, a P/E ratio of 22.57, a PEG ratio of 0.33 and a beta of 0.67. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.93 and a quick ratio of 1.83.

PDD (NASDAQ:PDD) last released its quarterly earnings data on Wednesday, March 20th. The company reported $2.23 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.81. PDD had a return on equity of 39.10% and a net margin of 24.23%. The firm had revenue of $12.52 billion for the quarter, compared to the consensus estimate of $11.80 billion. As a group, sell-side analysts predict that PDD Holdings Inc. will post 7.85 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on PDD shares. JPMorgan Chase & Co. reduced their price objective on shares of PDD from $195.00 to $190.00 and set an “overweight” rating for the company in a research note on Thursday, March 21st. Barclays upped their price objective on shares of PDD from $164.00 to $178.00 and gave the company an “overweight” rating in a research note on Thursday, March 21st. Jefferies Financial Group increased their price target on shares of PDD from $157.00 to $161.00 and gave the stock a “buy” rating in a research report on Thursday, March 21st. Benchmark increased their price target on shares of PDD from $215.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, March 21st. Finally, Citigroup increased their price target on shares of PDD from $170.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, March 21st. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, PDD currently has an average rating of “Moderate Buy” and a consensus target price of $146.85.

PDD Profile

PDD Holdings Inc, a multinational commerce group, owns and operates a portfolio of businesses. It operates Pinduoduo, an e-commerce platform that offers products in various categories, including agricultural produce, apparel, shoes, bags, mother and childcare products, food and beverage, electronic appliances, furniture and household goods, cosmetics and other personal care, sports and fitness items and auto accessories; and Temu, an online marketplace.