PDD Holdings Inc. Sponsored ADR $PDD Shares Purchased by H&H International Investment LLC

H&H International Investment LLC boosted its holdings in shares of PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD) by 71.2% in the 1st quarter, Holdings Channel reports. The firm owned 19,748,294 shares of the company’s stock after buying an additional 8,211,600 shares during the period. PDD makes up approximately 10.1% of H&H International Investment LLC’s portfolio, making the stock its 4th largest holding. H&H International Investment LLC’s holdings in PDD were worth $2,017,881,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of PDD. Binnacle Investments Inc raised its holdings in shares of PDD by 281.7% during the third quarter. Binnacle Investments Inc now owns 271 shares of the company’s stock valued at $36,000 after acquiring an additional 200 shares during the period. GAMMA Investing LLC increased its position in PDD by 595.0% during the fourth quarter. GAMMA Investing LLC now owns 278 shares of the company’s stock worth $32,000 after buying an additional 238 shares during the last quarter. Wexford Capital LP acquired a new stake in shares of PDD in the third quarter worth $44,000. Smartleaf Asset Management LLC boosted its stake in PDD by 230.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 377 shares of the company’s stock valued at $43,000 after purchasing an additional 263 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of PDD during the fourth quarter worth approximately $44,000. Institutional investors and hedge funds own 39.83% of the company’s stock.

PDD Stock Up 3.0%

NASDAQ PDD opened at $88.32 on Thursday. PDD Holdings Inc. Sponsored ADR has a 12-month low of $71.94 and a 12-month high of $139.41. The firm has a 50-day moving average price of $83.79 and a two-hundred day moving average price of $95.76. The company has a market capitalization of $125.71 billion and a P/E ratio of 9.54.

PDD (NASDAQ:PDD) last posted its quarterly earnings data on Wednesday, May 27th. The company reported $1.38 EPS for the quarter, missing analysts’ consensus estimates of $2.40 by ($1.02). The company 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%.PDD’s revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the business earned $1.57 EPS. Equities analysts expect that PDD Holdings Inc. Sponsored ADR will post 9.7 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Nomura cut shares of PDD from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 28th. The Goldman Sachs Group reissued a “buy” rating on shares of PDD in a report on Thursday, May 28th. Morgan Stanley set a $129.00 price target on PDD in a report on Wednesday, May 27th. Zacks Research downgraded PDD from a “hold” rating to a “strong sell” rating in a research note on Monday. Finally, Barclays downgraded shares of PDD from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $165.00 to $89.00 in a report on Thursday, May 28th. Seven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, PDD presently has an average rating of “Hold” and a consensus price target of $124.64.

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.