RV Capital AG Buys 26,100 Shares of PDD Holdings Inc. (NASDAQ:PDD)

RV Capital AG increased its position in PDD Holdings Inc. (NASDAQ:PDD - Free Report) by 8.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 345,489 shares of the company's stock after purchasing an additional 26,100 shares during the quarter. PDD makes up about 7.2% of RV Capital AG's portfolio, making the stock its 6th biggest position. RV Capital AG's holdings in PDD were worth $33,509,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PDD. Maverick Capital Ltd. purchased a new position in PDD in the second quarter worth $598,000. Mackenzie Financial Corp raised its stake in PDD by 4.6% in the second quarter. Mackenzie Financial Corp now owns 143,597 shares of the company's stock valued at $19,091,000 after buying an additional 6,370 shares during the last quarter. Lighthouse Investment Partners LLC purchased a new stake in shares of PDD during the second quarter worth about $251,000. Driehaus Capital Management LLC acquired a new position in shares of PDD during the second quarter valued at about $22,088,000. Finally, Copperwynd Financial LLC raised its position in PDD by 16.7% during the 2nd quarter. Copperwynd Financial LLC now owns 16,638 shares of the company's stock worth $2,144,000 after buying an additional 2,378 shares during the last quarter. Institutional investors own 39.83% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on PDD shares. JPMorgan Chase & Co. downgraded PDD from an "overweight" rating to a "neutral" rating and decreased their price target for the company from $170.00 to $105.00 in a report on Friday, November 22nd. Dbs Bank cut shares of PDD from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 22nd. Jefferies Financial Group lowered their price objective on shares of PDD from $181.00 to $171.00 and set a "buy" rating for the company in a research note on Thursday, November 21st. Benchmark cut their price target on PDD from $185.00 to $160.00 and set a "buy" rating on the stock in a report on Friday, November 22nd. Finally, Macquarie raised shares of PDD from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from $126.00 to $224.00 in a research report on Monday, October 7th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, PDD currently has a consensus rating of "Moderate Buy" and an average target price of $173.40.

PDD Stock Performance

NASDAQ PDD traded down $0.46 during trading on Monday, reaching $110.88. The company's stock had a trading volume of 11,115,993 shares, compared to its average volume of 7,677,628. The firm has a market cap of $152.56 billion, a price-to-earnings ratio of 10.83, a P/E/G ratio of 0.27 and a beta of 0.66. PDD Holdings Inc. has a twelve month low of $88.01 and a twelve month high of $164.69. The business's fifty day moving average price is $101.52 and its 200-day moving average price is $115.98. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.15 and a current ratio of 2.15.

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.