International Assets Investment Management LLC Has $238,000 Stake in PDD Holdings Inc. (NASDAQ:PDD)

International Assets Investment Management LLC decreased its stake in shares of PDD Holdings Inc. (NASDAQ:PDD) by 99.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,454 shares of the company’s stock after selling 483,671 shares during the quarter. International Assets Investment Management LLC’s holdings in PDD were worth $238,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of PDD. Prospera Private Wealth LLC acquired a new stake in PDD in the 3rd quarter valued at $27,000. Venturi Wealth Management LLC acquired a new stake in PDD in the 3rd quarter valued at $29,000. Ashton Thomas Private Wealth LLC acquired a new stake in PDD in the 2nd quarter valued at $32,000. Richardson Financial Services Inc. grew its position in PDD by 3,883.3% in the 2nd quarter. Richardson Financial Services Inc. now owns 239 shares of the company’s stock valued at $32,000 after purchasing an additional 233 shares during the period. Finally, Future Financial Wealth Managment LLC acquired a new stake in PDD in the 3rd quarter valued at $34,000. Institutional investors and hedge funds own 39.83% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on PDD. JPMorgan Chase & Co. downgraded shares of PDD from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $170.00 to $105.00 in a research report on Friday, November 22nd. Macquarie upgraded PDD from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $126.00 to $224.00 in a research note on Monday, October 7th. Jefferies Financial Group dropped their price objective on PDD from $181.00 to $171.00 and set a “buy” rating on the stock in a research note on Thursday, November 21st. Dbs Bank cut PDD from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 22nd. Finally, Benchmark dropped their price objective on PDD from $185.00 to $160.00 and set a “buy” rating on the stock in a research note on Friday, November 22nd. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $173.40.

PDD Trading Up 1.4 %

NASDAQ PDD opened at $95.98 on Tuesday. The stock has a market capitalization of $132.06 billion, a price-to-earnings ratio of 9.37, a PEG ratio of 0.29 and a beta of 0.66. PDD Holdings Inc. has a one year low of $88.01 and a one year high of $164.69. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.15 and a quick ratio of 2.15. The business’s fifty day moving average is $104.01 and its 200-day moving average is $118.01.

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.