National Pension Service Has $22.32 Million Stock Holdings in PDD Holdings Inc. Sponsored ADR $PDD

National Pension Service increased its holdings in shares of PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD) by 9.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 196,838 shares of the company’s stock after purchasing an additional 17,375 shares during the period. National Pension Service’s holdings in PDD were worth $22,319,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC lifted its position in shares of PDD by 595.0% during the 4th quarter. GAMMA Investing LLC now owns 278 shares of the company’s stock worth $32,000 after purchasing an additional 238 shares during the last quarter. Binnacle Investments Inc lifted its position in shares of PDD by 281.7% during the 3rd quarter. Binnacle Investments Inc now owns 271 shares of the company’s stock worth $36,000 after purchasing an additional 200 shares during the last quarter. Wexford Capital LP acquired a new position in shares of PDD during the 3rd quarter worth about $44,000. Assetmark Inc. lifted its position in shares of PDD by 314.4% during the 3rd quarter. Assetmark Inc. now owns 402 shares of the company’s stock worth $53,000 after purchasing an additional 305 shares during the last quarter. Finally, Larson Financial Group LLC lifted 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 purchasing an additional 353 shares during the last quarter. Institutional investors and hedge funds own 39.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on PDD shares. Citigroup cut their price objective on PDD from $142.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday. Morgan Stanley set a $129.00 price target on PDD in a report on Wednesday. Nomura cut PDD from a “strong-buy” rating to a “hold” rating in a report on Thursday. Jefferies Financial Group reaffirmed a “buy” rating on shares of PDD in a report on Wednesday. Finally, Benchmark cut their price target on PDD from $160.00 to $127.00 and set a “buy” rating for the company in a report on Thursday. Seven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.33.

PDD News Summary

Here are the key news stories impacting PDD this week:

• Positive Sentiment: One commentary piece argued the recent sell-off may be overdone and maintained a bullish view on PDD Holdings, suggesting some investors still see upside after the pullback. PDD Holdings: Unjustified Sell-Off, Strong Buy
• Neutral Sentiment: Benchmark lowered its price target on PDD but kept a buy rating, indicating Wall Street still sees meaningful upside even after trimming expectations. Benchmark price target cut
• Neutral Sentiment: Barclays cut its rating to equal weight and sharply reduced its price target, reflecting a more cautious stance on the stock’s near-term setup. Barclays downgrade
• Negative Sentiment: PDD’s latest quarterly results missed EPS and revenue estimates, even though revenue still rose year over year; investors focused on the miss as a sign growth is becoming harder to sustain. PDD Holdings Q1 Earnings Lag Estimates
• Negative Sentiment: Temu was hit with a €200 million EU fine over compliance issues, adding a fresh regulatory overhang for PDD’s fast-growing international business. Temu Hit With €200 Million EU Fine
• Negative Sentiment: Multiple law firms announced or continued securities-fraud investigations tied to PDD, which can weigh on sentiment and increase headline risk for shareholders. Securities Fraud Investigation Continues

PDD Price Performance

PDD stock opened at $84.44 on Monday. The business has a 50 day moving average price of $98.37 and a two-hundred day moving average price of $106.17. The stock has a market cap of $120.19 billion, a price-to-earnings ratio of 9.12, a price-to-earnings-growth ratio of 0.80 and a beta of -0.01. PDD Holdings Inc. Sponsored ADR has a 12 month low of $81.56 and a 12 month high of $139.41.

PDD (NASDAQ:PDD) last released its quarterly earnings data on Friday, May 15th. The company reported $0.34 earnings per share for the quarter. PDD had a return on equity of 24.32% and a net margin of 21.86%.The company had revenue of $15.41 million for the quarter. On average, analysts expect that PDD Holdings Inc. Sponsored ADR will post 10.98 earnings per share for the current fiscal 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.