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

Franchise Capital Ltd increased its position in shares of PDD Holdings Inc. (NASDAQ:PDD) by 6.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 765,196 shares of the company’s stock after purchasing an additional 49,560 shares during the quarter. PDD accounts for approximately 30.7% of Franchise Capital Ltd’s investment portfolio, making the stock its largest holding. Franchise Capital Ltd owned 0.06% of PDD worth $111,956,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. HCEP Management Ltd lifted its holdings in PDD by 100.0% in the fourth quarter. HCEP Management Ltd now owns 500,000 shares of the company’s stock valued at $73,155,000 after acquiring an additional 250,000 shares during the period. Breakout Capital Partners LP purchased a new stake in shares of PDD in the fourth quarter valued at approximately $18,362,000. Altimeter Capital Management LP increased its position in shares of PDD by 191.3% in the fourth quarter. Altimeter Capital Management LP now owns 1,882,770 shares of the company’s stock valued at $275,468,000 after buying an additional 1,236,490 shares in the last quarter. BRIGHT VALLEY CAPITAL Ltd purchased a new stake in shares of PDD in the fourth quarter valued at approximately $85,994,000. Finally, Hhlr Advisors LTD. increased its position in shares of PDD by 37.5% in the fourth quarter. Hhlr Advisors LTD. now owns 10,110,947 shares of the company’s stock valued at $1,479,333,000 after buying an additional 2,760,100 shares in the last quarter. Institutional investors and hedge funds own 29.07% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. JPMorgan Chase & Co. cut their price objective on PDD from $195.00 to $190.00 and set an “overweight” rating for the company in a research report on Thursday, March 21st. Benchmark boosted their price target on PDD from $220.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Bank of America boosted their price target on PDD from $191.00 to $206.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Citigroup boosted their price target on PDD from $185.00 to $198.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Finally, The Goldman Sachs Group upgraded PDD from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $145.00 to $184.00 in a research report on Friday, May 24th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $188.33.

PDD Trading Up 0.0 %

NASDAQ:PDD traded up $0.07 during trading hours on Thursday, hitting $151.07. The company had a trading volume of 4,554,287 shares, compared to its average volume of 8,942,656. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.02. The company has a 50-day moving average of $135.33 and a 200 day moving average of $134.64. The company has a market cap of $207.85 billion, a P/E ratio of 20.11, a P/E/G ratio of 0.26 and a beta of 0.64. PDD Holdings Inc. has a 1 year low of $66.40 and a 1 year high of $164.69.

PDD (NASDAQ:PDD) last announced its quarterly earnings results on Wednesday, March 20th. The company reported $2.23 EPS for the quarter, beating the consensus estimate of $1.42 by $0.81. PDD had a return on equity of 45.04% and a net margin of 26.93%. The business had revenue of $12.52 billion for the quarter, compared to analyst estimates of $11.80 billion. Sell-side analysts expect that PDD Holdings Inc. will post 11.19 earnings per share for the current year.

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.