Diversified Trust Co Has $1.03 Million Holdings in PDD Holdings Inc. (NASDAQ:PDD)

Diversified Trust Co increased its holdings in shares of PDD Holdings Inc. (NASDAQ:PDD) by 124.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,882 shares of the company’s stock after acquiring an additional 4,920 shares during the period. Diversified Trust Co’s holdings in PDD were worth $1,033,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Future Financial Wealth Managment LLC acquired a new stake in shares of PDD in the first quarter valued at $29,000. SRS Capital Advisors Inc. grew its holdings in PDD by 294.4% during the 3rd quarter. SRS Capital Advisors Inc. now owns 280 shares of the company’s stock worth $27,000 after acquiring an additional 209 shares during the last quarter. Gordian Capital Singapore Pte Ltd bought a new position in shares of PDD in the fourth quarter worth about $59,000. EverSource Wealth Advisors LLC raised its stake in shares of PDD by 31.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 427 shares of the company’s stock worth $62,000 after acquiring an additional 101 shares during the last quarter. Finally, AJOVista LLC acquired a new position in shares of PDD during the fourth quarter worth approximately $103,000. 29.07% of the stock is owned by institutional investors and hedge funds.

PDD Stock Performance

Shares of NASDAQ:PDD opened at $132.98 on Tuesday. The firm’s 50 day simple moving average is $141.54 and its 200 day simple moving average is $134.70. PDD Holdings Inc. has a fifty-two week low of $67.55 and a fifty-two week high of $164.69. The company has a market capitalization of $182.96 billion, a price-to-earnings ratio of 17.61, a P/E/G ratio of 0.23 and a beta of 0.63. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.09 and a quick ratio of 2.09.

PDD (NASDAQ:PDD) last posted its earnings results on Wednesday, May 22nd. The company reported $2.63 earnings per share for the quarter, topping the consensus estimate of $1.44 by $1.19. PDD had a net margin of 26.93% and a return on equity of 45.04%. The company had revenue of $12.02 billion for the quarter, compared to analyst estimates of $10.62 billion. As a group, sell-side analysts forecast that PDD Holdings Inc. will post 11.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PDD has been the subject of a number of research reports. Jefferies Financial Group raised their price target on shares of PDD from $157.00 to $161.00 and gave the company a “buy” rating in a report on Thursday, March 21st. The Goldman Sachs Group raised PDD from a “neutral” rating to a “buy” rating and lifted their target price for the company from $145.00 to $184.00 in a research note on Friday, May 24th. JPMorgan Chase & Co. cut their price target on PDD from $195.00 to $190.00 and set an “overweight” rating on the stock in a research note on Thursday, March 21st. Citigroup lifted their price objective on PDD from $185.00 to $198.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Finally, Barclays upped their target price on shares of PDD from $178.00 to $224.00 and gave the company an “overweight” rating in a research report on Friday, May 24th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, PDD currently has an average rating of “Buy” and an average target price of $188.33.

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.