707 Shares in PDD Holdings Inc. (NASDAQ:PDD) Bought by AJOVista LLC

AJOVista LLC bought a new stake in PDD Holdings Inc. (NASDAQ:PDD) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 707 shares of the company’s stock, valued at approximately $103,000.

Several other hedge funds and other institutional investors have also made changes to their positions in PDD. Whittier Trust Co. of Nevada Inc. boosted its holdings in PDD by 2.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 3,356 shares of the company’s stock valued at $491,000 after acquiring an additional 66 shares during the period. PDS Planning Inc grew its holdings in shares of PDD by 5.2% in the fourth quarter. PDS Planning Inc now owns 2,328 shares of the company’s stock worth $341,000 after purchasing an additional 116 shares during the last quarter. Ritholtz Wealth Management grew its holdings in shares of PDD by 1.4% in the fourth quarter. Ritholtz Wealth Management now owns 12,189 shares of the company’s stock worth $1,783,000 after purchasing an additional 174 shares during the last quarter. First Trust Direct Indexing L.P. increased its stake in PDD by 3.8% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 4,962 shares of the company’s stock worth $487,000 after buying an additional 181 shares during the period. Finally, Lindbrook Capital LLC grew its stake in PDD by 11.3% in the 4th quarter. Lindbrook Capital LLC now owns 2,047 shares of the company’s stock worth $299,000 after acquiring an additional 207 shares in the last quarter. Hedge funds and other institutional investors own 29.07% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Benchmark lifted their price target on shares of PDD from $215.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, March 21st. JPMorgan Chase & Co. dropped their price target on PDD from $195.00 to $190.00 and set an “overweight” rating on the stock in a research report on Thursday, March 21st. The Goldman Sachs Group downgraded PDD from a “buy” rating to a “neutral” rating and set a $136.00 price objective for the company. in a report on Monday, March 11th. Citigroup increased their target price on shares of PDD from $170.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, March 21st. Finally, Jefferies Financial Group upped their price target on shares of PDD from $157.00 to $161.00 and gave the stock a “buy” rating in a research report on Thursday, March 21st. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $146.85.

PDD Stock Performance

Shares of PDD traded up $2.64 during trading hours on Friday, reaching $140.18. 11,575,696 shares of the company traded hands, compared to its average volume of 8,344,514. The stock has a market capitalization of $184.98 billion, a P/E ratio of 24.46, a P/E/G ratio of 0.36 and a beta of 0.67. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 0.03. The business has a fifty day moving average price of $121.72 and a 200-day moving average price of $127.36. PDD Holdings Inc. has a 12-month low of $59.67 and a 12-month high of $152.99.

PDD (NASDAQ:PDD) last announced its quarterly earnings data on Wednesday, March 20th. The company reported $2.23 EPS for the quarter, beating the consensus estimate of $1.42 by $0.81. PDD had a net margin of 24.23% and a return on equity of 39.10%. The business had revenue of $12.52 billion during the quarter, compared to analysts’ expectations of $11.80 billion. Equities analysts anticipate that PDD Holdings Inc. will post 7.85 EPS for the current fiscal year.

PDD Company Profile

PDD Holdings Inc, a multinational commerce group, owns and operates a portfolio of businesses. It operates Pinduoduo, an e-commerce platform that offers products in various categories, including agricultural produce, apparel, shoes, bags, mother and childcare products, food and beverage, electronic appliances, furniture and household goods, cosmetics and other personal care, sports and fitness items and auto accessories; and Temu, an online marketplace.