Artisan Partners Limited Partnership Has $101.01 Million Stock Holdings in PDD Holdings Inc. (NASDAQ:PDD)

Artisan Partners Limited Partnership lifted its holdings in shares of PDD Holdings Inc. (NASDAQ:PDD - Free Report) by 56.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,041,444 shares of the company's stock after acquiring an additional 375,586 shares during the quarter. Artisan Partners Limited Partnership owned approximately 0.08% of PDD worth $101,010,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PDD. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of PDD by 1,374.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,145,211 shares of the company's stock valued at $1,772,106,000 after purchasing an additional 12,253,589 shares during the last quarter. H&H International Investment LLC boosted its holdings in shares of PDD by 3,693.8% during the 3rd quarter. H&H International Investment LLC now owns 3,907,600 shares of the company's stock worth $526,784,000 after buying an additional 3,804,600 shares during the period. Baillie Gifford & Co. grew its stake in PDD by 5.4% in the 4th quarter. Baillie Gifford & Co. now owns 38,059,343 shares of the company's stock valued at $3,691,376,000 after buying an additional 1,942,891 shares during the last quarter. Capital Today Evergreen Fund L.P. raised its holdings in PDD by 60.1% in the 4th quarter. Capital Today Evergreen Fund L.P. now owns 2,493,586 shares of the company's stock valued at $241,853,000 after acquiring an additional 935,854 shares during the period. Finally, HighTower Advisors LLC lifted its position in PDD by 100.5% during the third quarter. HighTower Advisors LLC now owns 4,129 shares of the company's stock worth $559,000 after acquiring an additional 800,614 shares during the last quarter. 39.83% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Benchmark reiterated a "buy" rating and set a $160.00 target price on shares of PDD in a research note on Friday, March 21st. Nomura reiterated a "neutral" rating and set a $130.00 price objective (down previously from $137.00) on shares of PDD in a research report on Thursday, March 20th. JPMorgan Chase & Co. upped their price target on shares of PDD from $105.00 to $125.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Citigroup reiterated a "neutral" rating on shares of PDD in a research note on Thursday, March 20th. Finally, Nomura Securities lowered shares of PDD from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 21st. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $169.91.

PDD Price Performance

Shares of PDD stock traded down $1.78 during trading hours on Monday, reaching $118.67. The company's stock had a trading volume of 4,065,929 shares, compared to its average volume of 10,663,687. PDD Holdings Inc. has a fifty-two week low of $88.01 and a fifty-two week high of $164.69. The firm's 50 day simple moving average is $118.16 and its 200-day simple moving average is $114.47. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $163.28 billion, a price-to-earnings ratio of 11.60, a PEG ratio of 0.32 and a beta of 0.69.

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.