SIH Partners LLLP Has $418,000 Stake in PDD Holdings Inc. (NASDAQ:PDD)

SIH Partners LLLP lessened its holdings in PDD Holdings Inc. (NASDAQ:PDD - Free Report) by 73.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,313 shares of the company's stock after selling 11,650 shares during the quarter. SIH Partners LLLP's holdings in PDD were worth $418,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in PDD. Nisa Investment Advisors LLC bought a new position in PDD during the 4th quarter valued at about $39,000. Brooklyn Investment Group raised its stake in shares of PDD by 340.3% in the fourth quarter. Brooklyn Investment Group now owns 524 shares of the company's stock valued at $51,000 after acquiring an additional 405 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in shares of PDD by 939.6% in the 4th quarter. Global Retirement Partners LLC now owns 551 shares of the company's stock worth $53,000 after acquiring an additional 498 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of PDD by 30.9% in the 4th quarter. Farther Finance Advisors LLC now owns 559 shares of the company's stock worth $54,000 after acquiring an additional 132 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in 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 during the last quarter. Institutional investors and hedge funds own 39.83% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on PDD shares. Benchmark reissued a "buy" rating and issued a $160.00 price objective on shares of PDD in a research note on Friday, March 21st. Jefferies Financial Group reduced their price target on shares of PDD from $171.00 to $156.00 and set a "buy" rating on the stock in a research report on Thursday, March 20th. Citigroup reissued a "neutral" rating on shares of PDD in a report on Thursday, March 20th. JPMorgan Chase & Co. boosted their target price on shares of PDD from $105.00 to $125.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Finally, Nomura Securities cut shares of PDD from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 21st. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, PDD presently has a consensus rating of "Moderate Buy" and a consensus target price of $169.91.

PDD Price Performance

PDD stock traded up $0.74 during trading on Friday, reaching $104.01. 5,059,614 shares of the company were exchanged, compared to its average volume of 11,286,151. PDD Holdings Inc. has a twelve month low of $87.11 and a twelve month high of $164.69. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.15 and a quick ratio of 2.15. The company has a market capitalization of $143.10 billion, a price-to-earnings ratio of 10.16, a P/E/G ratio of 0.32 and a beta of 0.73. The company has a 50-day moving average of $112.72 and a two-hundred day moving average of $111.57.

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.