Edmond DE Rothschild Holding S.A. Has $1.65 Million Stock Holdings in PDD Holdings Inc. (NASDAQ:PDD)

Edmond DE Rothschild Holding S.A. trimmed its position in PDD Holdings Inc. (NASDAQ:PDD) by 50.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,010 shares of the company’s stock after selling 17,280 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in PDD were worth $1,650,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

Several analysts have issued reports on the stock. Nomura Securities lowered shares of PDD from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 21st. Citigroup restated a “neutral” rating on shares of PDD in a research report on Thursday, March 20th. Benchmark reaffirmed a “buy” rating and issued a $160.00 target price on shares of PDD in a research report on Friday, March 21st. Jefferies Financial Group dropped their price target on shares of PDD from $171.00 to $156.00 and set a “buy” rating for the company in a research report on Thursday, March 20th. Finally, JPMorgan Chase & Co. boosted their price target on shares of PDD from $105.00 to $125.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. Five research 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 data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $169.91.

PDD Trading Up 3.2 %

NASDAQ:PDD opened at $122.19 on Wednesday. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $168.12 billion, a price-to-earnings ratio of 11.93, a PEG ratio of 0.32 and a beta of 0.69. The business’s 50-day moving average price is $118.77 and its two-hundred day moving average price is $114.81. PDD Holdings Inc. has a 1-year low of $88.01 and a 1-year high of $164.69.

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.