PDD Holdings Inc. (NASDAQ:PDD) Stock Holdings Increased by Copperwynd Financial LLC

Copperwynd Financial LLC lifted its holdings in PDD Holdings Inc. (NASDAQ:PDD) by 16.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,638 shares of the company’s stock after purchasing an additional 2,378 shares during the quarter. PDD accounts for approximately 0.7% of Copperwynd Financial LLC’s holdings, making the stock its 29th largest position. Copperwynd Financial LLC’s holdings in PDD were worth $2,144,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Hhlr Advisors LTD. increased its holdings in shares of PDD by 37.5% in the fourth quarter. Hhlr Advisors LTD. now owns 10,110,947 shares of the company’s stock valued at $1,479,333,000 after buying an additional 2,760,100 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of PDD by 107.8% in the 2nd quarter. Acadian Asset Management LLC now owns 3,670,799 shares of the company’s stock valued at $487,984,000 after purchasing an additional 1,904,155 shares during the period. Tairen Capital Ltd increased its stake in PDD by 49.8% in the 2nd quarter. Tairen Capital Ltd now owns 5,378,376 shares of the company’s stock worth $715,055,000 after purchasing an additional 1,788,076 shares in the last quarter. Dragoneer Investment Group LLC raised its holdings in PDD by 142.6% during the 2nd quarter. Dragoneer Investment Group LLC now owns 2,620,838 shares of the company’s stock worth $348,440,000 after buying an additional 1,540,346 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in PDD during the second quarter valued at about $176,332,000. 29.07% of the stock is owned by institutional investors and hedge funds.

PDD Stock Up 4.6 %

Shares of PDD stock opened at $135.38 on Friday. The stock has a 50 day moving average of $118.45 and a 200-day moving average of $128.59. The firm has a market cap of $186.27 billion, a PE ratio of 17.93, a price-to-earnings-growth ratio of 0.28 and a beta of 0.69. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.02. PDD Holdings Inc. has a 12 month low of $88.01 and a 12 month high of $164.69.

PDD (NASDAQ:PDD) last issued its quarterly earnings results on Monday, August 26th. The company reported $23.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.66 by $20.58. The firm had revenue of $97.06 billion during the quarter, compared to the consensus estimate of $100.17 billion. PDD had a net margin of 28.92% and a return on equity of 48.14%. The business’s revenue was up 85.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.27 EPS. On average, equities analysts predict that PDD Holdings Inc. will post 11.05 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PDD. Jefferies Financial Group reduced their target price on PDD from $193.00 to $151.00 and set a “buy” rating for the company in a report on Monday, August 26th. Citigroup downgraded shares of PDD from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $194.00 to $120.00 in a research note on Tuesday, August 27th. Sanford C. Bernstein lowered their target price on PDD from $235.00 to $170.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 27th. Barclays reduced their price target on PDD from $224.00 to $158.00 and set an “overweight” rating for the company in a report on Tuesday, August 27th. Finally, Daiwa America raised shares of PDD to a “strong-buy” rating in a research report on Tuesday, August 27th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $177.78.

PDD Company 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.