PDD Holdings Inc. Sponsored ADR $PDD Shares Acquired by Nomura Holdings Inc.

Nomura Holdings Inc. lifted its holdings in PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD) by 67.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 173,637 shares of the company’s stock after acquiring an additional 69,728 shares during the quarter. Nomura Holdings Inc.’s holdings in PDD were worth $18,173,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Westside Investment Management Inc. boosted its holdings in PDD by 398.0% in the second quarter. Westside Investment Management Inc. now owns 249 shares of the company’s stock valued at $26,000 after purchasing an additional 199 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of PDD in the 2nd quarter valued at about $28,000. EMC Capital Management acquired a new position in shares of PDD in the 2nd quarter valued at about $52,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of PDD in the second quarter worth about $56,000. Finally, Activest Wealth Management grew its holdings in PDD by 139.1% during the second quarter. Activest Wealth Management now owns 837 shares of the company’s stock worth $88,000 after acquiring an additional 487 shares during the period. Hedge funds and other institutional investors own 39.83% of the company’s stock.

PDD Stock Performance

PDD stock opened at $111.96 on Monday. The stock has a market capitalization of $155.87 billion, a P/E ratio of 11.69, a P/E/G ratio of 1.26 and a beta of 0.08. The company’s fifty day moving average price is $126.49 and its 200 day moving average price is $118.81. PDD Holdings Inc. Sponsored ADR has a 1 year low of $87.11 and a 1 year high of $139.41.

Analyst Upgrades and Downgrades

PDD has been the subject of a number of analyst reports. Benchmark reissued a “buy” rating and issued a $160.00 price target (up from $128.00) on shares of PDD in a report on Tuesday, August 26th. Arete Research set a $130.00 target price on shares of PDD in a report on Tuesday, December 9th. Bank of America lowered their price target on shares of PDD from $141.00 to $140.00 and set a “neutral” rating on the stock in a report on Wednesday, November 19th. Sanford C. Bernstein set a $135.00 price target on shares of PDD in a research report on Tuesday, November 18th. Finally, Barclays upped their price objective on shares of PDD from $158.00 to $165.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 26th. Five analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat, PDD currently has an average rating of “Hold” and an average price target of $136.43.

PDD 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.