RV Capital AG Has $33.51 Million Stock Holdings in PDD Holdings Inc. (NASDAQ:PDD)

RV Capital AG lifted its stake in shares of PDD Holdings Inc. (NASDAQ:PDD) by 8.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 345,489 shares of the company’s stock after purchasing an additional 26,100 shares during the period. PDD comprises about 7.2% of RV Capital AG’s investment portfolio, making the stock its 6th biggest holding. RV Capital AG’s holdings in PDD were worth $33,509,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of PDD. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in PDD by 1,374.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,145,211 shares of the company’s stock worth $1,772,106,000 after buying an additional 12,253,589 shares during the last quarter. H&H International Investment LLC raised its position in shares of PDD by 3,693.8% during the 3rd quarter. H&H International Investment LLC now owns 3,907,600 shares of the company’s stock valued at $526,784,000 after acquiring an additional 3,804,600 shares in the last quarter. FMR LLC lifted its stake in PDD by 8.6% during the third quarter. FMR LLC now owns 20,930,161 shares of the company’s stock worth $2,821,595,000 after purchasing an additional 1,654,764 shares during the last quarter. Baillie Gifford & Co. boosted its holdings in PDD by 2.8% in the third quarter. Baillie Gifford & Co. now owns 36,116,452 shares of the company’s stock worth $4,868,859,000 after purchasing an additional 988,042 shares during the period. Finally, HighTower Advisors LLC increased its stake in PDD by 100.5% during the third quarter. HighTower Advisors LLC now owns 4,129 shares of the company’s stock valued at $559,000 after purchasing an additional 800,614 shares during the last quarter. 39.83% of the stock is currently owned by institutional investors and hedge funds.

PDD Stock Performance

PDD stock opened at $111.34 on Monday. The company has a market capitalization of $153.19 billion, a P/E ratio of 10.87, a PEG ratio of 0.27 and a beta of 0.66. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.02. The company has a 50-day simple moving average of $101.52 and a 200 day simple moving average of $116.13. PDD Holdings Inc. has a fifty-two week low of $88.01 and a fifty-two week high of $164.69.

Analyst Ratings Changes

Several research analysts have recently commented on PDD shares. JPMorgan Chase & Co. lowered shares of 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. Benchmark decreased their target price on PDD from $185.00 to $160.00 and set a “buy” rating for the company in a research note on Friday, November 22nd. Macquarie raised PDD from a “neutral” rating to an “outperform” rating and upped their target price for the company from $126.00 to $224.00 in a report on Monday, October 7th. Dbs Bank downgraded PDD from a “strong-buy” rating to a “hold” rating in a report on Friday, November 22nd. Finally, Jefferies Financial Group lowered their price objective on PDD from $181.00 to $171.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $173.40.

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.