PDD Holdings Inc. Sponsored ADR $PDD Shares Bought by Greenwoods Asset Management Hong Kong Ltd.

Greenwoods Asset Management Hong Kong Ltd. lifted its stake in shares of PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD) by 18.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,968,270 shares of the company’s stock after acquiring an additional 611,306 shares during the quarter. PDD comprises approximately 11.1% of Greenwoods Asset Management Hong Kong Ltd.’s holdings, making the stock its 3rd largest position. Greenwoods Asset Management Hong Kong Ltd.’s holdings in PDD were worth $449,962,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PDD. GAMMA Investing LLC lifted its holdings in PDD by 595.0% in 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 grew its holdings in 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 purchasing an additional 200 shares during the last quarter. Wexford Capital LP acquired a new position in PDD during the third quarter valued at approximately $44,000. Assetmark Inc. raised its position in shares of PDD by 314.4% in the third quarter. Assetmark Inc. now owns 402 shares of the company’s stock valued at $53,000 after purchasing an additional 305 shares during the period. Finally, Larson Financial Group LLC lifted its stake in shares of PDD by 720.4% in the third quarter. Larson Financial Group LLC now owns 402 shares of the company’s stock worth $53,000 after buying an additional 353 shares during the last quarter. 39.83% of the stock is owned by institutional investors.

PDD Trading Up 2.5%

PDD opened at $97.34 on Wednesday. PDD Holdings Inc. Sponsored ADR has a 1-year low of $93.81 and a 1-year high of $139.41. The stock has a market capitalization of $138.55 billion, a price-to-earnings ratio of 10.36, a P/E/G ratio of 0.89 and a beta of 0.04. The business has a 50 day moving average of $100.13 and a 200-day moving average of $108.64.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Nomura raised shares of PDD from a “neutral” rating to a “buy” rating and set a $136.00 price objective for the company in a report on Friday, March 27th. Arete Research raised shares of 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. Wall Street Zen cut shares of PDD from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Finally, Citigroup reaffirmed a “neutral” rating on shares of PDD in a research report on Wednesday, January 28th. Six investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $137.86.

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.