Greenwoods Asset Management Hong Kong Ltd. Sells 318,138 Shares of PDD Holdings Inc. Sponsored ADR $PDD

Greenwoods Asset Management Hong Kong Ltd. reduced its holdings in PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD) by 6.2% in the 2nd quarter, Holdings Channel reports. The fund owned 4,785,666 shares of the company’s stock after selling 318,138 shares during the period. PDD makes up about 16.7% of Greenwoods Asset Management Hong Kong Ltd.’s portfolio, making the stock its 3rd biggest position. Greenwoods Asset Management Hong Kong Ltd.’s holdings in PDD were worth $365,051,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of PDD. Geode Capital Management LLC boosted its holdings in shares of PDD by 5.6% during the fourth quarter. Geode Capital Management LLC now owns 6,759,780 shares of the company’s stock worth $761,720,000 after purchasing an additional 359,921 shares during the period. Wasatch Advisors LP acquired a new position in PDD in the 2nd quarter valued at approximately $3,658,000. Dymon Asia Capital Singapore PTE. LTD. increased its stake in PDD by 125.4% in the 4th quarter. Dymon Asia Capital Singapore PTE. LTD. now owns 64,917 shares of the company’s stock valued at $7,361,000 after buying an additional 36,122 shares during the period. Jupiter Asset Management Ltd. increased its stake in PDD by 721.4% in the 4th quarter. Jupiter Asset Management Ltd. now owns 180,704 shares of the company’s stock valued at $20,490,000 after buying an additional 158,704 shares during the period. Finally, Jennison Associates LLC purchased a new stake in PDD in the 4th quarter worth approximately $24,192,000. 39.83% of the stock is currently owned by institutional investors and hedge funds.

PDD Trading Down 2.4%

NASDAQ:PDD opened at $84.69 on Friday. The firm has a market capitalization of $120.55 billion, a PE ratio of 9.33, a PEG ratio of 0.71 and a beta of 0.02. PDD Holdings Inc. Sponsored ADR has a 1 year low of $71.94 and a 1 year high of $139.41. The firm’s fifty day simple moving average is $84.94 and its 200 day simple moving average is $93.09.

PDD (NASDAQ:PDD) last announced its earnings results on Friday, August 14th. The company reported $2.84 earnings per share for the quarter. PDD had a return on equity of 22.29% and a net margin of 20.73%.The firm had revenue of $16.54 billion during the quarter. As a group, analysts anticipate that PDD Holdings Inc. Sponsored ADR will post 9.7 EPS for the current fiscal year.

PDD News Summary

Here are the key news stories impacting PDD this week:

• Positive Sentiment: Zacks Research upgraded PDD from “Strong Sell” to “Hold,” reducing the severity of its prior bearish view. However, the change still signals limited conviction in near-term upside. Ticker Report article
• Positive Sentiment: PDD beat quarterly earnings expectations, which provides some support for the stock and highlights continued profitability. The benefit was offset by weaker revenue performance and declining net income. MarketBeat earnings article
• Neutral Sentiment: Brokerages’ consensus rating remains “Hold,” indicating analysts see a relatively balanced risk-reward profile rather than a clear catalyst for a stronger rerating. American Banking News consensus rating article
• Neutral Sentiment: Benchmark lowered its expectations for PDD’s stock price, adding to evidence that analysts are becoming more cautious about the company’s growth trajectory. American Banking News Benchmark article
• Negative Sentiment: Quarterly revenue grew 8%, but GAAP net income fell 12%. Increased subsidies, artificial-intelligence spending and merchant investments are pressuring profitability, raising questions about whether the spending is generating enough incremental growth. Insider Monkey article
• Negative Sentiment: Analysts cited moderating online-marketing revenue, intensifying competition, regulatory risks and uncertainty around PDD’s shift toward a more asset-heavy model. Temu also faces higher costs and regulatory headwinds, while the company’s large supply-chain investment has an unclear return. Seeking Alpha analysis
• Negative Sentiment: PDD declined alongside Alibaba and other major Chinese e-commerce stocks in a broad sector selloff, suggesting macro and industry-wide pressure also contributed to the weakness. 24/7 Wall St. article

Analyst Ratings Changes

A number of brokerages have issued reports on PDD. Barclays lowered shares of PDD from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $165.00 to $89.00 in a research note on Thursday, May 28th. The Goldman Sachs Group reiterated a “buy” rating on shares of PDD in a report on Thursday, May 28th. Daiwa Securities Group reissued a “hold” rating and set a $80.00 price objective on shares of PDD in a research report on Tuesday, June 23rd. Zacks Research upgraded PDD from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Finally, Morgan Stanley set a $129.00 target price on PDD in a research report on Wednesday, May 27th. Six equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, PDD presently has a consensus rating of “Hold” and an average target price of $117.17.

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.