Diversified Trust Co Has $1.03 Million Position in PDD Holdings Inc. (NASDAQ:PDD)

Diversified Trust Co boosted its stake in PDD Holdings Inc. (NASDAQ:PDD) by 124.2% in the first quarter, HoldingsChannel reports. The firm owned 8,882 shares of the company’s stock after buying an additional 4,920 shares during the period. Diversified Trust Co’s holdings in PDD were worth $1,033,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mariner LLC increased its position in PDD by 51.7% in the 3rd quarter. Mariner LLC now owns 13,347 shares of the company’s stock valued at $1,309,000 after buying an additional 4,546 shares in the last quarter. California State Teachers Retirement System increased its holdings in shares of PDD by 5.1% during the third quarter. California State Teachers Retirement System now owns 130,519 shares of the company’s stock valued at $12,800,000 after acquiring an additional 6,318 shares in the last quarter. SRS Capital Advisors Inc. raised its position in shares of PDD by 294.4% during the third quarter. SRS Capital Advisors Inc. now owns 280 shares of the company’s stock worth $27,000 after purchasing an additional 209 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of PDD by 45.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,337,345 shares of the company’s stock worth $131,154,000 after purchasing an additional 417,002 shares in the last quarter. Finally, KEYWISE CAPITAL MANAGEMENT HK Ltd grew its position in PDD by 320.4% in the 3rd quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd now owns 339,700 shares of the company’s stock valued at $33,314,000 after purchasing an additional 258,900 shares during the period. 29.07% of the stock is owned by institutional investors.

PDD Stock Performance

Shares of PDD stock opened at $132.98 on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.09 and a current ratio of 2.09. The firm has a market cap of $182.96 billion, a price-to-earnings ratio of 17.61, a P/E/G ratio of 0.23 and a beta of 0.63. PDD Holdings Inc. has a 52 week low of $67.55 and a 52 week high of $164.69. The firm’s 50-day simple moving average is $141.54 and its two-hundred day simple moving average is $134.70.

PDD (NASDAQ:PDD) last posted its quarterly earnings results on Wednesday, May 22nd. The company reported $2.63 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $1.19. PDD had a net margin of 26.93% and a return on equity of 45.04%. The company had revenue of $12.02 billion for the quarter, compared to analysts’ expectations of $10.62 billion. As a group, equities analysts forecast that PDD Holdings Inc. will post 11.41 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on PDD. Jefferies Financial Group boosted their target price on shares of PDD from $157.00 to $161.00 and gave the stock a “buy” rating in a research report on Thursday, March 21st. UBS Group upped their price target on PDD from $248.00 to $272.00 and gave the stock a “buy” rating in a report on Wednesday, May 22nd. Benchmark raised their price objective on PDD from $220.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Sanford C. Bernstein upped their target price on shares of PDD from $180.00 to $235.00 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd. Finally, JPMorgan Chase & Co. lowered their target price on shares of PDD from $195.00 to $190.00 and set an “overweight” rating for the company in a report on Thursday, March 21st. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $188.33.

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.