PDD Holdings Inc. Sponsored ADR $PDD Position Raised by Polymer Capital Management HK LTD

Polymer Capital Management HK LTD increased its holdings in PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD) by 107.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 378,574 shares of the company’s stock after acquiring an additional 196,390 shares during the quarter. PDD comprises 6.1% of Polymer Capital Management HK LTD’s investment portfolio, making the stock its 3rd biggest position. Polymer Capital Management HK LTD’s holdings in PDD were worth $42,927,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in PDD. Focus Partners Wealth raised its position in PDD by 352.8% during the first quarter. Focus Partners Wealth now owns 9,939 shares of the company’s stock valued at $1,176,000 after purchasing an additional 7,744 shares in the last quarter. Intech Investment Management LLC raised its position in PDD by 2.7% during the first quarter. Intech Investment Management LLC now owns 14,890 shares of the company’s stock valued at $1,762,000 after purchasing an additional 395 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in PDD by 62.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,662 shares of the company’s stock valued at $174,000 after purchasing an additional 637 shares in the last quarter. Cerity Partners LLC raised its position in PDD by 2.0% during the second quarter. Cerity Partners LLC now owns 19,696 shares of the company’s stock valued at $2,061,000 after purchasing an additional 382 shares in the last quarter. Finally, CIBC Asset Management Inc raised its position in PDD by 0.3% during the second quarter. CIBC Asset Management Inc now owns 142,498 shares of the company’s stock valued at $14,914,000 after purchasing an additional 369 shares in the last quarter. Hedge funds and other institutional investors own 39.83% of the company’s stock.

PDD Trading Up 0.3%

Shares of NASDAQ:PDD opened at $81.56 on Friday. The stock’s 50-day moving average price is $95.33 and its 200-day moving average price is $103.40. PDD Holdings Inc. Sponsored ADR has a 12-month low of $78.87 and a 12-month high of $139.41. The stock has a market capitalization of $116.09 billion, a P/E ratio of 8.81, a price-to-earnings-growth ratio of 0.85 and a beta of -0.02.

PDD (NASDAQ:PDD) last announced its quarterly earnings data on Wednesday, May 27th. The company reported $1.38 earnings per share (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 net margin of 21.86% and a return on equity of 24.32%. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the business posted $1.57 earnings per share. As a group, research analysts predict that PDD Holdings Inc. Sponsored ADR will post 9.92 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on PDD shares. Sanford C. Bernstein lowered their price target on PDD from $132.00 to $110.00 and set a “market perform” rating on the stock in a research report on Wednesday, May 27th. Barclays downgraded PDD from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $165.00 to $89.00 in a research report on Thursday, May 28th. Benchmark lowered their price target on PDD from $160.00 to $127.00 and set a “buy” rating on the stock in a research report on Thursday, May 28th. The Goldman Sachs Group restated a “buy” rating on shares of PDD in a research report on Thursday, May 28th. Finally, Jefferies Financial Group restated a “buy” rating on shares of PDD in a research report on Wednesday, May 27th. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, PDD currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.33.

Key Stories Impacting PDD

Here are the key news stories impacting PDD this week:

• Negative Sentiment: Analysts have turned more cautious on PDD, with one report saying the stock’s modeled fair value was cut from US$148.52 to US$119.85, reflecting worries about heavier investment, softer monetization, and slower order growth. PDD Holdings (PDD) Stock Fair Value Falls After Analysts Cut Targets On Q1 Concerns
• Negative Sentiment: Multiple law firms are continuing securities fraud investigations into PDD Holdings, keeping legal and headline risk elevated for shareholders. Securities Fraud Investigation Into PDD Holdings Inc. (PDD) Continues
• Negative Sentiment: Another legal notice from Frank R. Cruz’s law firm said it is still investigating PDD, adding to concerns about possible federal securities-law violations. Securities Fraud Investigation Into PDD Holdings Inc. (PDD) Continues
• Neutral Sentiment: PDD is drawing unusual investor attention, with Zacks noting heavy web searches and option-market activity, which can signal rising speculation but does not by itself confirm a fundamental change. Investors Heavily Search PDD Holdings Inc. Sponsored ADR (PDD): Here is What You Need to Know
• Neutral Sentiment: Options-trading activity has also picked up around PDD, suggesting traders are positioning for a larger move, but the direction remains unclear. Do Options Traders Know Something About PDD Holdings Stock We Don’t?

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.