PDD Holdings Inc. Sponsored ADR $PDD Shares Acquired by Hantz Financial Services Inc.

Hantz Financial Services Inc. lifted its stake in shares of PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD) by 758.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,114 shares of the company’s stock after purchasing an additional 3,635 shares during the period. Hantz Financial Services Inc.’s holdings in PDD were worth $429,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Focus Financial Network Inc. increased its stake in PDD by 4.3% during the 2nd quarter. Focus Financial Network Inc. now owns 2,376 shares of the company’s stock worth $249,000 after buying an additional 97 shares in the last quarter. Gunderson Capital Management Inc. boosted its stake in shares of PDD by 5.5% in the second quarter. Gunderson Capital Management Inc. now owns 1,944 shares of the company’s stock worth $203,000 after acquiring an additional 101 shares during the last quarter. Signaturefd LLC boosted its stake in shares of PDD by 1.3% in the first quarter. Signaturefd LLC now owns 8,957 shares of the company’s stock worth $1,060,000 after acquiring an additional 119 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of PDD by 2.8% during the first quarter. Advisors Asset Management Inc. now owns 5,279 shares of the company’s stock worth $625,000 after purchasing an additional 146 shares in the last quarter. Finally, Lindbrook Capital LLC raised its stake in PDD by 11.5% in the 1st quarter. Lindbrook Capital LLC now owns 1,930 shares of the company’s stock valued at $228,000 after purchasing an additional 199 shares during the last quarter. 39.83% of the stock is owned by hedge funds and other institutional investors.

PDD Trading Down 0.8%

Shares of PDD stock opened at $134.87 on Monday. PDD Holdings Inc. Sponsored ADR has a twelve month low of $87.11 and a twelve month high of $139.41. The company’s 50-day moving average price is $129.35 and its 200-day moving average price is $115.89. The stock has a market cap of $187.76 billion, a price-to-earnings ratio of 14.63, a PEG ratio of 1.59 and a beta of 0.47.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on PDD shares. Zacks Research cut shares of PDD from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. Jefferies Financial Group set a $146.00 target price on shares of PDD and gave the company a “buy” rating in a research report on Monday, August 25th. Citigroup restated a “buy” rating on shares of PDD in a research report on Monday, August 25th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of PDD in a research note on Wednesday, October 8th. Finally, Barclays increased their price objective on shares of PDD from $158.00 to $165.00 and gave the company an “overweight” rating in a report on Tuesday, August 26th. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, PDD presently has an average rating of “Hold” and an average price target of $137.82.

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.