Royal London Asset Management Ltd. Increases Holdings in PDD Holdings Inc. Sponsored ADR $PDD

Royal London Asset Management Ltd. raised its stake in shares of PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD) by 1.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 696,172 shares of the company’s stock after buying an additional 7,800 shares during the period. Royal London Asset Management Ltd. owned about 0.05% of PDD worth $78,939,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in PDD. Exchange Traded Concepts LLC increased its stake in shares of PDD by 11.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 242,722 shares of the company’s stock worth $27,522,000 after purchasing an additional 25,369 shares in the last quarter. Step Capital Management Pte. Ltd. purchased a new stake in shares of PDD in the 4th quarter worth $8,504,000. LBP AM SA purchased a new stake in shares of PDD in the 4th quarter worth $6,690,000. Triata Capital Ltd increased its stake in shares of PDD by 55.7% in the 3rd quarter. Triata Capital Ltd now owns 2,544,478 shares of the company’s stock worth $336,304,000 after purchasing an additional 910,150 shares in the last quarter. Finally, Aspex Management HK Ltd purchased a new stake in shares of PDD in the 3rd quarter worth $419,287,000. 39.83% of the stock is currently owned by hedge funds and other institutional investors.

PDD News Summary

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?

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PDD. Arete Research upgraded PDD from a “neutral” rating to a “buy” rating and set a $121.00 price objective for the company in a research note on Friday, April 17th. Benchmark reduced their price objective on PDD from $160.00 to $127.00 and set a “buy” rating for the company in a research note on Thursday, May 28th. Nomura lowered PDD from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 28th. Jefferies Financial Group restated a “buy” rating on shares of PDD in a research note on Wednesday, May 27th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of PDD in a research note on Thursday, May 28th. 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $131.33.

PDD Stock Performance

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

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