PDD Holdings Inc. Sponsored ADR $PDD is Triata Capital Ltd’s Largest Position

Triata Capital Ltd raised its position in PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD) by 0.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,557,700 shares of the company’s stock after buying an additional 13,222 shares during the quarter. PDD makes up approximately 35.1% of Triata Capital Ltd’s portfolio, making the stock its biggest position. Triata Capital Ltd’s holdings in PDD were worth $290,018,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC lifted its stake in PDD by 11.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 242,722 shares of the company’s stock valued at $27,522,000 after buying an additional 25,369 shares during the last quarter. Step Capital Management Pte. Ltd. acquired a new position in shares of PDD in the fourth quarter valued at approximately $8,504,000. LBP AM SA acquired a new position in shares of PDD in the fourth quarter valued at approximately $6,690,000. Aspex Management HK Ltd acquired a new position in shares of PDD in the third quarter valued at approximately $419,287,000. Finally, Caprock Group LLC acquired a new position in shares of PDD in the third quarter valued at approximately $674,000. Hedge funds and other institutional investors own 39.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Morgan Stanley set a $129.00 target price on PDD in a report on Wednesday, May 27th. Citigroup dropped their target price on PDD from $142.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, May 27th. Arete Research raised PDD from a “neutral” rating to a “buy” rating and set a $121.00 target price on the stock in a report on Friday, April 17th. Nomura lowered PDD from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 28th. Finally, Benchmark dropped their target price on PDD from $160.00 to $127.00 and set a “buy” rating on the stock in a report on Thursday, May 28th. Seven analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $128.08.

PDD Price Performance

Shares of PDD stock opened at $81.59 on Wednesday. The business’s fifty day moving average price is $94.60 and its 200 day moving average price is $102.87. PDD Holdings Inc. Sponsored ADR has a 1-year low of $78.87 and a 1-year high of $139.41. The firm has a market capitalization of $116.13 billion, a PE ratio of 8.81, a P/E/G ratio of 0.87 and a beta of -0.01.

PDD (NASDAQ:PDD) last announced its quarterly earnings data on Wednesday, May 27th. The company reported $1.38 earnings per share for the quarter, missing analysts’ consensus estimates of $2.40 by ($1.02). PDD had a return on equity of 24.32% and a net margin of 21.86%.The business had revenue of $15.41 billion for the quarter, compared to analyst estimates of $15.92 billion. During the same period in the prior year, the company earned $1.57 EPS. The company’s revenue was up 11.0% on a year-over-year basis. Equities research analysts expect that PDD Holdings Inc. Sponsored ADR will post 9.92 earnings per share for the current fiscal year.

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.