12,500 Shares in PDD Holdings Inc. Sponsored ADR $PDD Acquired by United American Securities Inc. d b a UAS Asset Management

United American Securities Inc. d b a UAS Asset Management bought a new stake in PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 12,500 shares of the company’s stock, valued at approximately $1,652,000. PDD makes up 0.3% of United American Securities Inc. d b a UAS Asset Management’s holdings, making the stock its 13th largest position.

Several other institutional investors also recently modified their holdings of PDD. Norges Bank bought a new position in shares of PDD in the 2nd quarter valued at $962,785,000. Himalaya Capital Management LLC bought a new stake in PDD during the 2nd quarter worth $482,273,000. NetEase Inc. acquired a new position in PDD in the 2nd quarter worth about $372,117,000. Orbis Allan Gray Ltd raised its position in PDD by 135.6% in the second quarter. Orbis Allan Gray Ltd now owns 5,647,728 shares of the company’s stock valued at $591,091,000 after purchasing an additional 3,250,416 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of PDD by 10.2% during the second quarter. Vanguard Group Inc. now owns 32,035,725 shares of the company’s stock valued at $3,352,859,000 after purchasing an additional 2,956,249 shares in the last quarter. 39.83% of the stock is currently owned by institutional investors and hedge funds.

PDD Stock Performance

Shares of NASDAQ PDD opened at $100.71 on Wednesday. PDD Holdings Inc. Sponsored ADR has a 52-week low of $87.11 and a 52-week high of $139.41. The company’s 50 day moving average price is $107.94 and its 200-day moving average price is $119.14. The company has a market capitalization of $140.20 billion, a P/E ratio of 10.51, a price-to-earnings-growth ratio of 0.95 and a beta of -0.01.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on PDD. Bank of America lowered their price objective on PDD from $141.00 to $140.00 and set a “neutral” rating for the company in a research note on Wednesday, November 19th. Morgan Stanley set a $148.00 price target on shares of PDD in a research report on Thursday, January 15th. Citigroup reiterated a “neutral” rating on shares of PDD in a report on Wednesday, January 28th. Wall Street Zen cut shares of PDD from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, Loop Capital set a $170.00 price objective on PDD in a report on Tuesday, January 6th. Four analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $139.87.

PDD Company 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.