PDD Holdings Inc. Sponsored ADR $PDD is Headwater Capital Co Ltd’s 4th Largest Position

Headwater Capital Co Ltd grew its holdings in PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD) by 73.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 260,000 shares of the company’s stock after purchasing an additional 110,000 shares during the period. PDD makes up 5.7% of Headwater Capital Co Ltd’s portfolio, making the stock its 4th biggest position. Headwater Capital Co Ltd’s holdings in PDD were worth $29,481,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of PDD. Advisory Services Network LLC boosted its holdings in PDD by 0.7% during the third quarter. Advisory Services Network LLC now owns 15,458 shares of the company’s stock valued at $2,043,000 after purchasing an additional 102 shares in the last quarter. West Family Investments Inc. boosted its holdings in PDD by 2.8% during the third quarter. West Family Investments Inc. now owns 4,026 shares of the company’s stock valued at $532,000 after purchasing an additional 110 shares in the last quarter. Range Financial Group LLC boosted its holdings in PDD by 3.8% during the fourth quarter. Range Financial Group LLC now owns 3,620 shares of the company’s stock valued at $410,000 after purchasing an additional 131 shares in the last quarter. Savant Capital LLC boosted its holdings in PDD by 5.2% during the third quarter. Savant Capital LLC now owns 3,079 shares of the company’s stock valued at $407,000 after purchasing an additional 151 shares in the last quarter. Finally, Fifth Third Bancorp boosted its holdings in PDD by 4.3% during the fourth quarter. Fifth Third Bancorp now owns 3,649 shares of the company’s stock valued at $414,000 after purchasing an additional 151 shares in the last quarter. Hedge funds and other institutional investors own 39.83% of the company’s stock.

PDD Price Performance

Shares of PDD opened at $81.30 on Friday. The company has a market capitalization of $115.72 billion, a P/E ratio of 8.78, a PEG ratio of 0.85 and a beta of -0.02. PDD Holdings Inc. Sponsored ADR has a one year low of $78.87 and a one year high of $139.41. The business’s 50 day simple moving average is $95.73 and its 200-day simple moving average is $103.55.

PDD (NASDAQ:PDD) last issued its quarterly earnings results on Wednesday, May 27th. The company reported $1.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.40 by ($1.02). The company had revenue of $15.41 billion for the quarter, compared to analyst estimates of $15.92 billion. PDD had a return on equity of 24.32% and a net margin of 21.86%.The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the company earned $1.57 EPS. On average, sell-side analysts anticipate that PDD Holdings Inc. Sponsored ADR will post 9.92 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Sanford C. Bernstein decreased their price objective on PDD from $132.00 to $110.00 and set a “market perform” rating on the stock in a report on Wednesday, May 27th. Jefferies Financial Group reaffirmed a “buy” rating on shares of PDD in a report on Wednesday, May 27th. Benchmark decreased their price objective on PDD from $160.00 to $127.00 and set a “buy” rating on the stock in a report on Thursday, May 28th. Nomura downgraded PDD from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 28th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of PDD in a report on Thursday, May 28th. Seven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, PDD has an average rating of “Moderate Buy” and a consensus target price of $131.33.

PDD Profile

PDD (NASDAQ: PDD) is the holding company best known for operating Pinduoduo, a China-based, mobile-first e-commerce platform that emphasizes interactive, social shopping and group-buying mechanics to drive user engagement and low prices. Founded in 2015 by entrepreneur Colin Huang, the business has grown by connecting consumers directly with merchants and manufacturers, with particular emphasis on value-oriented goods and fresh agricultural produce. The company is based in Shanghai and completed a U.S.