Jupiter Asset Management Ltd. Sells 48,709 Shares of PDD Holdings Inc. (NASDAQ:PDD)

Jupiter Asset Administration Ltd. trimmed its place in PDD Holdings Inc. (NASDAQ:PDD – Free Report) by 63.9% through the second quarter, based on its most up-to-date 13F submitting with the SEC. The fund owned 27,506 shares of the corporate’s inventory after promoting 48,709 shares through the interval. Jupiter Asset Administration Ltd.’s holdings in PDD have been value $1,901,000 as of its most up-to-date submitting with the SEC.

Different hedge funds and different institutional buyers additionally just lately made adjustments to their positions within the firm. Captrust Monetary Advisors lifted its holdings in PDD by 108.5% within the first quarter. Captrust Monetary Advisors now owns 636 shares of the corporate’s inventory valued at $26,000 after shopping for a further 331 shares through the interval. Altshuler Shaham Ltd purchased a brand new stake in shares of PDD through the 4th quarter valued at $43,000. Psagot Worth Holdings Ltd. Israel acquired a brand new place in shares of PDD within the 1st quarter valued at $53,000. Wahed Make investments LLC purchased a brand new place in shares of PDD within the 1st quarter value $70,000. Lastly, Advisor Group Holdings Inc. grew its stake in shares of PDD by 100.2% through the first quarter. Advisor Group Holdings Inc. now owns 3,741 shares of the corporate’s inventory value $152,000 after buying a further 1,872 shares through the interval. 31.08% of the inventory is owned by institutional buyers and hedge funds.

Analyst Upgrades and Downgrades

Plenty of equities analysts have issued experiences on PDD shares. CLSA raised their goal value on PDD from $95.00 to $114.00 in a report on Wednesday, August thirtieth. UBS Group reissued a “purchase” score and set a $137.00 value goal (up beforehand from $115.00) on shares of PDD in a analysis word on Wednesday, November 1st. Citigroup upped their goal value on shares of PDD from $110.00 to $125.00 in a analysis word on Tuesday, August twenty ninth. Jefferies Monetary Group lifted their value goal on shares of PDD from $79.00 to $95.50 in a analysis report on Tuesday, August twenty ninth. Lastly, Sanford C. Bernstein upped their value goal on shares of PDD from $105.00 to $120.00 and gave the corporate an “outperform” score in a analysis report on Wednesday, August thirtieth. Twelve equities analysis analysts have rated the inventory with a purchase score, In line with MarketBeat.com, the inventory at present has a consensus score of “Purchase” and a consensus value goal of $122.25.

Test Out Our Newest Inventory Evaluation on PDD

PDD Worth Efficiency

Shares of PDD opened at $115.15 on Monday. The corporate has a fast ratio of 1.91, a present ratio of 1.91 and a debt-to-equity ratio of 0.01. PDD Holdings Inc. has a twelve month low of $59.67 and a twelve month excessive of $117.05. The inventory has a market capitalization of $151.95 billion, a P/E ratio of 28.57, a P/E/G ratio of 1.12 and a beta of 0.64. The corporate has a 50 day shifting common of $103.47 and a 200-day shifting common of $86.06.

PDD (NASDAQ:PDD – Get Free Report) final launched its earnings outcomes on Tuesday, August twenty ninth. The corporate reported $10.47 earnings per share for the quarter, beating analysts’ consensus estimates of $7.30 by $3.17. PDD had a internet margin of 24.93% and a return on fairness of 33.87%. The enterprise had income of $52.28 billion through the quarter, in comparison with the consensus estimate of $43.39 billion. Throughout the identical quarter final 12 months, the agency earned $0.93 earnings per share. The agency’s income for the quarter was up 66.3% in comparison with the identical quarter final 12 months. As a gaggle, equities analysis analysts forecast that PDD Holdings Inc. will publish 3.92 EPS for the present fiscal 12 months.

PDD Profile

(Free Report)

PDD Holdings Inc, a multinational commerce group, owns and operates a portfolio of companies. It operates Pinduoduo, an e-commerce platform that provides merchandise in varied classes, together with agricultural produce, attire, footwear, luggage, mom and childcare merchandise, meals and beverage, digital home equipment, furnishings and family items, cosmetics and different private care, sports activities and health objects and auto equipment; and Temu, a web-based market.

Advisable Tales

Need to see what different hedge funds are holding PDD? Go to HoldingsChannel.com to get the newest 13F filings and insider trades for PDD Holdings Inc. (NASDAQ:PDD – Free Report).

Institutional Ownership by Quarter for PDD (NASDAQ:PDD)

This on the spot information alert was generated by narrative science expertise and monetary knowledge from MarketBeat with a view to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial crew previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

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