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

Artisan Partners Limited Partnership lifted its holdings in PDD Holdings Inc. (NASDAQ:PDD - Free Report) by 56.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,041,444 shares of the company's stock after purchasing an additional 375,586 shares during the quarter. Artisan Partners Limited Partnership owned about 0.08% of PDD worth $101,010,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Jones Financial Companies Lllp lifted its holdings in shares of PDD by 8.7% in the fourth quarter. Jones Financial Companies Lllp now owns 1,215 shares of the company's stock valued at $118,000 after purchasing an additional 97 shares in the last quarter. Farther Finance Advisors LLC raised its position in PDD by 30.9% in the 4th quarter. Farther Finance Advisors LLC now owns 559 shares of the company's stock valued at $54,000 after buying an additional 132 shares during the last quarter. New York Life Investment Management LLC lifted its stake in PDD by 5.8% in the 4th quarter. New York Life Investment Management LLC now owns 2,528 shares of the company's stock valued at $245,000 after acquiring an additional 139 shares in the last quarter. Cibc World Markets Corp boosted its position in PDD by 1.1% during the 4th quarter. Cibc World Markets Corp now owns 14,799 shares of the company's stock worth $1,435,000 after acquiring an additional 164 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of PDD by 43.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 825 shares of the company's stock worth $80,000 after acquiring an additional 249 shares in the last quarter. 39.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

PDD Stock Performance

Shares of NASDAQ:PDD traded up $3.84 on Tuesday, hitting $122.19. The company had a trading volume of 7,064,924 shares, compared to its average volume of 10,677,630. The stock has a market cap of $168.12 billion, a price-to-earnings ratio of 11.93, a P/E/G ratio of 0.32 and a beta of 0.69. The stock has a 50 day moving average price of $118.77 and a 200 day moving average price of $114.81. PDD Holdings Inc. has a 1-year low of $88.01 and a 1-year high of $164.69. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.02.

About PDD

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.