Yunqi Capital Ltd Raises Position in PDD Holdings Inc. Sponsored ADR $PDD

Yunqi Capital Ltd lifted its stake in shares of PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD) by 27.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 185,100 shares of the company’s stock after purchasing an additional 40,300 shares during the period. PDD comprises about 16.7% of Yunqi Capital Ltd’s investment portfolio, making the stock its 3rd biggest holding. Yunqi Capital Ltd’s holdings in PDD were worth $20,988,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PDD. Assenagon Asset Management S.A. lifted its position in shares of PDD by 305.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 6,728,909 shares of the company’s stock worth $762,991,000 after purchasing an additional 5,070,827 shares during the last quarter. Himalaya Capital Management LLC bought a new position in PDD during the second quarter worth $482,273,000. Orbis Allan Gray Ltd lifted its stake in PDD by 135.6% during the second quarter. Orbis Allan Gray Ltd now owns 5,647,728 shares of the company’s stock worth $591,091,000 after purchasing an additional 3,250,416 shares during the last quarter. Aspex Management HK Ltd bought a new position in PDD during the third quarter worth $419,287,000. Finally, SG Americas Securities LLC lifted its stake in PDD by 931.4% during the fourth quarter. SG Americas Securities LLC now owns 3,238,126 shares of the company’s stock worth $367,171,000 after purchasing an additional 2,924,176 shares during the last quarter. Institutional investors own 39.83% of the company’s stock.

Key PDD News

Here are the key news stories impacting PDD this week:

• Negative Sentiment: PDD reported first-quarter earnings and revenue that missed analyst estimates, despite revenue still rising year over year. The shortfall reinforced concerns that growth is slowing as competition in China remains intense. PDD Holdings Q1 Earnings Lag Estimates, Revenues Increase Y/Y
• Negative Sentiment: The company’s share price also faced a reset after management signaled significant supply-chain and logistics investment tied to Temu expansion, which may pressure margins in the near term. PDD stock faces Wall Street reset: Temu expansion, supply chain spending pressure outlook
• Negative Sentiment: Analysts turned more cautious: Nomura downgraded PDD from “strong-buy” to “hold,” while Barclays cut its rating to “equal weight” and lowered its price target sharply. Nomura downgrade via Zacks
• Negative Sentiment: Several legal headlines about securities-fraud investigations could add overhang for sentiment, even though they are still preliminary and do not prove wrongdoing. Securities Fraud Investigation Into PDD Holdings Inc. Continues

Analyst Ratings Changes

PDD has been the topic of several research analyst reports. The Goldman Sachs Group restated a “buy” rating on shares of PDD in a research note on Thursday. Sanford C. Bernstein cut their target price on shares of PDD from $132.00 to $110.00 and set a “market perform” rating on the stock in a report on Wednesday. Nomura cut shares of PDD from a “strong-buy” rating to a “hold” rating in a report on Thursday. Jefferies Financial Group reissued a “buy” rating on shares of PDD in a report on Wednesday. Finally, Morgan Stanley set a $129.00 target price on shares of PDD in a report on Wednesday. Seven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, PDD presently has an average rating of “Moderate Buy” and an average price target of $131.33.

PDD Stock Performance

PDD stock opened at $83.03 on Friday. The stock has a market capitalization of $118.18 billion, a price-to-earnings ratio of 8.97, a PEG ratio of 0.82 and a beta of 0.04. PDD Holdings Inc. Sponsored ADR has a 1 year low of $81.56 and a 1 year high of $139.41. The stock’s fifty day moving average is $98.70 and its two-hundred day moving average is $106.55.

PDD (NASDAQ:PDD) last posted its earnings results on Friday, May 15th. The company reported $0.34 earnings per share (EPS) for the quarter. The company had revenue of $15.41 million for the quarter. PDD had a return on equity of 25.04% and a net margin of 21.86%. As a group, analysts predict that PDD Holdings Inc. Sponsored ADR will post 10.98 EPS for the current fiscal year.

About PDD

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.