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

Triata Capital Ltd grew its stake in PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD) by 0.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,557,700 shares of the company’s stock after buying an additional 13,222 shares during the quarter. PDD accounts for approximately 35.1% of Triata Capital Ltd’s portfolio, making the stock its biggest position. Triata Capital Ltd owned approximately 0.18% of PDD worth $290,018,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Advisory Services Network LLC boosted its stake in shares of PDD by 0.7% in the 3rd quarter. Advisory Services Network LLC now owns 15,458 shares of the company’s stock valued at $2,043,000 after buying an additional 102 shares during the period. West Family Investments Inc. boosted its stake in shares of PDD by 2.8% in the 3rd quarter. West Family Investments Inc. now owns 4,026 shares of the company’s stock valued at $532,000 after buying an additional 110 shares during the period. Range Financial Group LLC boosted its stake in shares of PDD by 3.8% in the 4th quarter. Range Financial Group LLC now owns 3,620 shares of the company’s stock valued at $410,000 after buying an additional 131 shares during the period. Focus Partners Wealth boosted its stake in shares of PDD by 1.0% in the 4th quarter. Focus Partners Wealth now owns 13,886 shares of the company’s stock valued at $1,512,000 after buying an additional 142 shares during the period. Finally, Fifth Third Bancorp boosted its stake in shares of PDD by 4.3% in the 4th quarter. Fifth Third Bancorp now owns 3,649 shares of the company’s stock valued at $414,000 after buying an additional 151 shares during the period. Hedge funds and other institutional investors own 39.83% of the company’s stock.

PDD Stock Down 2.3%

PDD stock opened at $81.59 on Wednesday. The business has a 50 day moving average price of $94.60 and a 200 day moving average price of $102.87. The stock has a market cap of $116.13 billion, a price-to-earnings ratio of 8.81, a PEG ratio of 0.87 and a beta of -0.01. 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 posted 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 business had revenue of $15.41 billion for the quarter, compared to analysts’ expectations of $15.92 billion. PDD had a return on equity of 24.32% and a net margin of 21.86%.PDD’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.57 EPS. As a group, sell-side analysts anticipate that PDD Holdings Inc. Sponsored ADR will post 9.92 EPS for the current year.

Analyst Upgrades and Downgrades

PDD has been the subject of several recent analyst reports. Jefferies Financial Group restated a “buy” rating on shares of PDD in a research note on Wednesday, May 27th. BNP Paribas Exane initiated coverage on PDD in a research note on Monday. They set an “underperform” rating and a $89.00 target price for the company. Benchmark decreased their target price on PDD from $160.00 to $127.00 and set a “buy” rating for the company in a research note 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 note on Friday, April 17th. Finally, Citigroup decreased their target price on PDD from $142.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, May 27th. Seven research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $128.08.

PDD 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.