PDD Holdings Inc. (NASDAQ:PDD) Shares Acquired by Investmentaktiengesellschaft Fuer Langfristige Investoren TGV

Investmentaktiengesellschaft Fuer Langfristige Investoren TGV boosted its holdings in shares of PDD Holdings Inc. (NASDAQ:PDD) by 4.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 230,000 shares of the company’s stock after acquiring an additional 10,000 shares during the period. PDD comprises 1.6% of Investmentaktiengesellschaft Fuer Langfristige Investoren TGV’s portfolio, making the stock its 11th largest holding. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV’s holdings in PDD were worth $21,710,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of PDD. Howard Capital Management Inc. raised its position in PDD by 2.4% in the fourth quarter. Howard Capital Management Inc. now owns 14,386 shares of the company’s stock valued at $1,395,000 after purchasing an additional 340 shares during the period. Panview Capital Ltd bought a new stake in PDD in the fourth quarter valued at about $22,376,000. Handelsbanken Fonder AB raised its position in shares of PDD by 3.0% during the 4th quarter. Handelsbanken Fonder AB now owns 373,216 shares of the company’s stock valued at $36,198,000 after acquiring an additional 10,897 shares in the last quarter. Alberta Investment Management Corp lifted its position in shares of PDD by 12.6% in the 4th quarter. Alberta Investment Management Corp now owns 190,060 shares of the company’s stock worth $18,434,000 after buying an additional 21,302 shares during the last quarter. Finally, Global Retirement Partners LLC grew its holdings in shares of PDD by 939.6% during the fourth quarter. Global Retirement Partners LLC now owns 551 shares of the company’s stock valued at $53,000 after purchasing an additional 498 shares during the last quarter. Institutional investors and hedge funds own 39.83% of the company’s stock.

PDD Stock Up 5.6 %

PDD opened at $131.34 on Friday. PDD Holdings Inc. has a 1-year low of $88.01 and a 1-year high of $164.69. The business has a 50 day moving average of $107.12 and a 200-day moving average of $114.08. The stock has a market capitalization of $180.71 billion, a price-to-earnings ratio of 12.83, a P/E/G ratio of 0.32 and a beta of 0.67. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.02.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Dbs Bank downgraded shares of PDD from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 22nd. JPMorgan Chase & Co. downgraded PDD from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $170.00 to $105.00 in a research report on Friday, November 22nd. Jefferies Financial Group decreased their price objective on PDD from $181.00 to $171.00 and set a “buy” rating for the company in a report on Thursday, November 21st. Finally, Benchmark cut their target price on PDD from $185.00 to $160.00 and set a “buy” rating on the stock in a research note on Friday, November 22nd. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $173.40.

PDD Profile

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.