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2,610 Shares in PDD Holdings Inc. (NASDAQ:PDD) Bought by Lester Murray Antman dba SimplyRich

PDD logo with Retail/Wholesale background

Lester Murray Antman dba SimplyRich bought a new position in shares of PDD Holdings Inc. (NASDAQ:PDD - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,610 shares of the company's stock, valued at approximately $253,000.

Several other institutional investors have also recently bought and sold shares of PDD. Focus Financial Network Inc. acquired a new position in shares of PDD in the fourth quarter valued at approximately $208,000. Newbridge Financial Services Group Inc. acquired a new position in shares of PDD in the fourth quarter valued at approximately $126,000. Vaughan Nelson Investment Management L.P. increased its stake in shares of PDD by 8.7% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 24,385 shares of the company's stock valued at $2,365,000 after buying an additional 1,950 shares during the period. WCM Investment Management LLC increased its stake in shares of PDD by 657.3% in the fourth quarter. WCM Investment Management LLC now owns 12,745 shares of the company's stock valued at $1,203,000 after buying an additional 11,062 shares during the period. Finally, Apollon Wealth Management LLC boosted its holdings in PDD by 17.7% in the fourth quarter. Apollon Wealth Management LLC now owns 3,077 shares of the company's stock valued at $298,000 after acquiring an additional 463 shares during the last quarter. Institutional investors and hedge funds own 39.83% of the company's stock.

PDD Trading Up 2.2 %

Shares of PDD stock traded up $2.62 on Friday, reaching $124.16. 11,807,365 shares of the company's stock were exchanged, compared to its average volume of 8,066,543. The company has a market capitalization of $170.83 billion, a P/E ratio of 12.13, a price-to-earnings-growth ratio of 0.29 and a beta of 0.67. PDD Holdings Inc. has a 52 week low of $88.01 and a 52 week high of $164.69. The firm's 50-day moving average is $104.97 and its two-hundred day moving average is $114.21. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.15 and a current ratio of 2.15.

Wall Street Analyst Weigh In

Several brokerages recently commented on PDD. Dbs Bank cut PDD from a "strong-buy" rating to a "hold" rating in a report on Friday, November 22nd. Jefferies Financial Group reduced their target price on PDD from $181.00 to $171.00 and set a "buy" rating on the stock in a report on Thursday, November 21st. JPMorgan Chase & Co. cut PDD from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $170.00 to $105.00 in a report on Friday, November 22nd. Finally, Benchmark reduced their target price on PDD from $185.00 to $160.00 and set a "buy" rating on the stock in a report on Friday, November 22nd. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $173.40.

Check Out Our Latest Report on PDD

PDD Profile

(Free Report)

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.

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Institutional Ownership by Quarter for PDD (NASDAQ:PDD)

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