PDD Holdings Inc. Sponsored ADR $PDD Stake Raised by Quantinno Capital Management LP

Quantinno Capital Management LP increased its holdings in PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD) by 33.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,160 shares of the company’s stock after buying an additional 17,451 shares during the quarter. Quantinno Capital Management LP’s holdings in PDD were worth $7,169,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Binnacle Investments Inc raised its stake in PDD by 281.7% during the 3rd quarter. Binnacle Investments Inc now owns 271 shares of the company’s stock valued at $36,000 after acquiring an additional 200 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of PDD by 230.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 377 shares of the company’s stock valued at $43,000 after purchasing an additional 263 shares in the last quarter. Wexford Capital LP acquired a new stake in PDD in the third quarter worth about $44,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in PDD during the 4th quarter valued at about $44,000. Finally, Larson Financial Group LLC raised its position in shares of PDD by 720.4% during the 3rd quarter. Larson Financial Group LLC now owns 402 shares of the company’s stock worth $53,000 after buying an additional 353 shares in the last quarter. 39.83% of the stock is currently owned by institutional investors and hedge funds.

PDD Price Performance

NASDAQ PDD opened at $90.94 on Thursday. PDD Holdings Inc. Sponsored ADR has a 12 month low of $71.94 and a 12 month high of $139.41. The company has a market capitalization of $129.44 billion, a P/E ratio of 9.82, a PEG ratio of 0.74 and a beta of 0.02. The company’s 50 day simple moving average is $83.35 and its 200 day simple moving average is $94.92.

PDD (NASDAQ:PDD) last issued its earnings results 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). The business had revenue of $15.41 billion for 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 quarter in the previous year, the business posted $1.57 earnings per share. On average, analysts anticipate that PDD Holdings Inc. Sponsored ADR will post 9.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on PDD shares. Sanford C. Bernstein reduced their price target on shares of PDD from $132.00 to $110.00 and set a “market perform” rating for the company in a research note on Wednesday, May 27th. 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. Arete Research upgraded PDD from a “neutral” rating to a “buy” rating and set a $121.00 target price for the company in a research report on Friday, April 17th. Citigroup dropped their price objective on PDD from $142.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday, May 27th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of PDD in a report on Thursday, May 28th. Seven investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, PDD has a consensus rating of “Hold” and a consensus price target of $124.64.

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.