6,000 Shares in PDD Holdings Inc. (NASDAQ:PDD) Bought by Sava Infond d.o.o.

Sava Infond d.o.o. purchased a new stake in shares of PDD Holdings Inc. (NASDAQ:PDD) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 6,000 shares of the company’s stock, valued at approximately $582,000.

A number of other large investors have also added to or reduced their stakes in the company. Advisors Asset Management Inc. increased its stake in shares of PDD by 39.9% during the third quarter. Advisors Asset Management Inc. now owns 4,148 shares of the company’s stock valued at $559,000 after buying an additional 1,184 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in PDD in the third quarter valued at $678,000. Townsquare Capital LLC increased its position in PDD by 51.7% during the 3rd quarter. Townsquare Capital LLC now owns 3,810 shares of the company’s stock valued at $514,000 after purchasing an additional 1,298 shares during the period. BNP Paribas bought a new position in PDD in the 3rd quarter worth $475,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of PDD by 6.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 363,958 shares of the company’s stock worth $49,065,000 after purchasing an additional 21,348 shares during the period. Institutional investors own 39.83% of the company’s stock.

PDD Trading Up 1.5 %

Shares of NASDAQ PDD opened at $124.36 on Friday. The firm’s 50 day moving average price is $117.86 and its 200-day moving average price is $113.99. PDD Holdings Inc. has a 52-week low of $88.01 and a 52-week high of $164.69. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.15 and a current ratio of 2.15. The company has a market cap of $171.10 billion, a PE ratio of 12.14, a P/E/G ratio of 0.32 and a beta of 0.69.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on PDD shares. Nomura reiterated a “neutral” rating and set a $130.00 price target (down previously from $137.00) on shares of PDD in a research report on Thursday, March 20th. Nomura Securities lowered PDD from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 21st. Jefferies Financial Group lowered their target price on PDD from $171.00 to $156.00 and set a “buy” rating for the company in a research note on Thursday, March 20th. Citigroup reaffirmed a “neutral” rating on shares of PDD in a research note on Thursday, March 20th. Finally, JPMorgan Chase & Co. boosted their target price on shares of PDD from $105.00 to $125.00 and gave the company a “neutral” rating in a report on Friday, March 21st. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently 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.