PDD Holdings Inc. (NASDAQ:PDD) Shares Purchased by Goldstream Capital Management Ltd

Goldstream Capital Management Ltd lifted its position in PDD Holdings Inc. (NASDAQ:PDD) by 5,012.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 12,780 shares of the company’s stock after acquiring an additional 12,530 shares during the quarter. PDD comprises about 1.2% of Goldstream Capital Management Ltd’s portfolio, making the stock its 16th biggest holding. Goldstream Capital Management Ltd’s holdings in PDD were worth $1,870,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in PDD. SC US Ttgp LTD. increased its holdings in PDD by 1,414.4% in the 3rd quarter. SC US Ttgp LTD. now owns 48,233,322 shares of the company’s stock worth $4,730,242,000 after acquiring an additional 45,048,300 shares in the last quarter. Baillie Gifford & Co. grew its holdings in shares of PDD by 6.4% during the fourth quarter. Baillie Gifford & Co. now owns 37,960,238 shares of the company’s stock worth $5,553,962,000 after buying an additional 2,292,068 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of PDD by 38.0% during the third quarter. Vanguard Group Inc. now owns 24,101,615 shares of the company’s stock worth $2,363,645,000 after buying an additional 6,637,418 shares in the last quarter. FMR LLC grew its holdings in shares of PDD by 32.6% during the third quarter. FMR LLC now owns 17,635,104 shares of the company’s stock worth $1,729,475,000 after buying an additional 4,334,186 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of PDD by 5.4% during the third quarter. Invesco Ltd. now owns 7,349,430 shares of the company’s stock worth $720,759,000 after buying an additional 376,947 shares in the last quarter. 29.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PDD has been the subject of a number of research reports. The Goldman Sachs Group lowered shares of PDD from a “buy” rating to a “neutral” rating and set a $136.00 target price for the company. in a report on Monday, March 11th. Jefferies Financial Group upped their target price on shares of PDD from $157.00 to $161.00 and gave the stock a “buy” rating in a report on Thursday, March 21st. Citigroup upped their target price on shares of PDD from $170.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, March 21st. JPMorgan Chase & Co. dropped their price objective on shares of PDD from $195.00 to $190.00 and set an “overweight” rating for the company in a report on Thursday, March 21st. Finally, Barclays upped their price objective on shares of PDD from $164.00 to $178.00 and gave the company an “overweight” rating in a report on Thursday, March 21st. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, PDD has a consensus rating of “Moderate Buy” and a consensus price target of $146.85.

PDD Stock Up 10.5 %

Shares of PDD traded up $13.05 during mid-day trading on Thursday, hitting $137.54. 21,394,604 shares of the company’s stock were exchanged, compared to its average volume of 8,526,049. The company has a market cap of $181.50 billion, a price-to-earnings ratio of 22.95, a P/E/G ratio of 0.32 and a beta of 0.67. PDD Holdings Inc. has a fifty-two week low of $59.67 and a fifty-two week high of $152.99. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.93 and a current ratio of 1.93. The stock’s 50-day moving average is $121.35 and its 200-day moving average is $127.05.

PDD (NASDAQ:PDD) last issued its quarterly earnings results on Wednesday, March 20th. The company reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.81. The business had revenue of $12.52 billion for the quarter, compared to analysts’ expectations of $11.80 billion. PDD had a net margin of 24.23% and a return on equity of 39.10%. On average, sell-side analysts anticipate that PDD Holdings Inc. will post 7.85 earnings per share for the current fiscal year.

About PDD

PDD Holdings Inc, a multinational commerce group, owns and operates a portfolio of businesses. It operates Pinduoduo, an e-commerce platform that offers products in various categories, including agricultural produce, apparel, shoes, bags, mother and childcare products, food and beverage, electronic appliances, furniture and household goods, cosmetics and other personal care, sports and fitness items and auto accessories; and Temu, an online marketplace.