NEOS Investment Management LLC Has $4.54 Million Stock Holdings in PDD Holdings Inc. (NASDAQ:PDD)

NEOS Investment Management LLC boosted its holdings in shares of PDD Holdings Inc. (NASDAQ:PDD) by 20.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,758 shares of the company’s stock after buying an additional 7,892 shares during the period. NEOS Investment Management LLC’s holdings in PDD were worth $4,535,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Nisa Investment Advisors LLC purchased a new position in PDD during the 4th quarter valued at about $39,000. Brooklyn Investment Group grew its position in PDD by 340.3% during the fourth quarter. Brooklyn Investment Group now owns 524 shares of the company’s stock valued at $51,000 after purchasing an additional 405 shares in the last quarter. Global Retirement Partners LLC increased its stake in PDD by 939.6% in the 4th quarter. Global Retirement Partners LLC now owns 551 shares of the company’s stock valued at $53,000 after buying an additional 498 shares during the period. Farther Finance Advisors LLC lifted its position in PDD by 30.9% in the 4th quarter. Farther Finance Advisors LLC now owns 559 shares of the company’s stock worth $54,000 after buying an additional 132 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of PDD by 43.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 825 shares of the company’s stock valued at $80,000 after buying an additional 249 shares during the period. 39.83% of the stock is owned by institutional investors and hedge funds.

PDD Stock Performance

NASDAQ:PDD opened at $124.36 on Friday. The firm has a market capitalization of $171.10 billion, a PE ratio of 12.14, a PEG ratio of 0.32 and a beta of 0.69. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.02. PDD Holdings Inc. has a 1 year low of $88.01 and a 1 year high of $164.69. The firm’s fifty day simple moving average is $117.86 and its 200 day simple moving average is $113.99.

Wall Street Analyst Weigh In

PDD has been the topic of a number of research reports. Jefferies Financial Group dropped their price target on shares of PDD from $171.00 to $156.00 and set a “buy” rating on the stock in a research note on Thursday, March 20th. Nomura reaffirmed a “neutral” rating and set a $130.00 price target (down from $137.00) on shares of PDD in a research note on Thursday, March 20th. Nomura Securities cut PDD from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 21st. Benchmark reaffirmed a “buy” rating and set a $160.00 price objective on shares of PDD in a research report on Friday, March 21st. Finally, JPMorgan Chase & Co. lifted their target price on shares of PDD from $105.00 to $125.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $169.91.

PDD Company 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.