Temasek Holdings Private Ltd Raises Position in PDD Holdings Inc. Sponsored ADR $PDD

Temasek Holdings Private Ltd boosted its stake in PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD) by 7.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,682,894 shares of the company’s stock after buying an additional 334,647 shares during the period. PDD accounts for approximately 1.7% of Temasek Holdings Private Ltd’s portfolio, making the stock its 14th largest position. Temasek Holdings Private Ltd’s holdings in PDD were worth $530,993,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. OMERS ADMINISTRATION Corp lifted its holdings in shares of PDD by 292.9% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 27,805 shares of the company’s stock valued at $3,153,000 after purchasing an additional 20,728 shares during the last quarter. QVT Financial LP lifted its holdings in shares of PDD by 27.8% during the fourth quarter. QVT Financial LP now owns 6,042 shares of the company’s stock valued at $685,000 after purchasing an additional 1,314 shares during the last quarter. MML Investors Services LLC lifted its holdings in shares of PDD by 98.9% during the fourth quarter. MML Investors Services LLC now owns 3,882 shares of the company’s stock valued at $440,000 after purchasing an additional 1,930 shares during the last quarter. Mariner LLC lifted its holdings in shares of PDD by 0.8% during the fourth quarter. Mariner LLC now owns 22,092 shares of the company’s stock valued at $2,506,000 after purchasing an additional 165 shares during the last quarter. Finally, Focus Partners Wealth lifted its holdings in shares of PDD by 1.0% during the fourth quarter. Focus Partners Wealth now owns 13,886 shares of the company’s stock valued at $1,512,000 after purchasing an additional 142 shares during the last quarter. 39.83% of the stock is currently owned by hedge funds and other institutional investors.

PDD Stock Up 2.4%

Shares of PDD opened at $83.55 on Tuesday. The company has a market capitalization of $118.93 billion, a P/E ratio of 9.02, a price-to-earnings-growth ratio of 0.85 and a beta of -0.01. The firm has a 50 day moving average of $94.98 and a 200 day moving average of $103.11. PDD Holdings Inc. Sponsored ADR has a twelve month low of $78.87 and a twelve month high of $139.41.

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

Wall Street Analyst Weigh In

PDD has been the subject of several recent research reports. Sanford C. Bernstein lowered their target price on shares of PDD from $132.00 to $110.00 and set a “market perform” rating for the company in a report on Wednesday, May 27th. BNP Paribas Exane initiated coverage on shares of PDD in a report on Monday. They set an “underperform” rating and a $89.00 target price for the company. Benchmark lowered their target price on shares of PDD from $160.00 to $127.00 and set a “buy” rating for the company in a report on Thursday, May 28th. Morgan Stanley set a $129.00 target price on shares of PDD in a report on Wednesday, May 27th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of PDD in a research report on Thursday, May 28th. Seven research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, PDD has an average rating of “Hold” and an average target price of $128.08.

PDD Company 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.