PDD Holdings Inc. Sponsored ADR $PDD Shares Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP increased its position in shares of PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD) by 353.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,700 shares of the company’s stock after acquiring an additional 16,134 shares during the quarter. GSA Capital Partners LLP’s holdings in PDD were worth $2,347,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Exchange Traded Concepts LLC boosted its position in shares of PDD by 11.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 242,722 shares of the company’s stock valued at $27,522,000 after acquiring an additional 25,369 shares during the last quarter. Rakuten Investment Management Inc. acquired a new position in shares of PDD during the 3rd quarter valued at about $18,311,000. Step Capital Management Pte. Ltd. acquired a new position in shares of PDD during the 4th quarter valued at about $8,504,000. Triata Capital Ltd boosted its position in shares of PDD by 55.7% during the 3rd quarter. Triata Capital Ltd now owns 2,544,478 shares of the company’s stock valued at $336,304,000 after acquiring an additional 910,150 shares during the last quarter. Finally, Aspex Management HK Ltd acquired a new position in PDD in the third quarter valued at about $419,287,000. Institutional investors and hedge funds own 39.83% of the company’s stock.

PDD Price Performance

NASDAQ PDD opened at $94.97 on Tuesday. The firm’s 50-day moving average is $100.23 and its two-hundred day moving average is $108.93. PDD Holdings Inc. Sponsored ADR has a 12 month low of $93.81 and a 12 month high of $139.41. The stock has a market capitalization of $135.18 billion, a P/E ratio of 10.10, a PEG ratio of 0.90 and a beta of 0.04.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Citigroup reaffirmed a “neutral” rating on shares of PDD in a research report on Wednesday, January 28th. Nomura raised shares of PDD from a “neutral” rating to a “buy” rating and set a $136.00 target price on the stock in a research report on Friday, March 27th. Wall Street Zen cut shares of PDD from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, Arete Research raised shares of PDD from a “neutral” rating to a “buy” rating and set a $121.00 target price on the stock in a research report on Friday, April 17th. Six research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $137.86.

PDD Company Profile

PDD (NASDAQ: PDD) is the holding company best known for operating Pinduoduo, a China-based, mobile-first e-commerce platform that emphasizes interactive, social shopping and group-buying mechanics to drive user engagement and low prices. Founded in 2015 by entrepreneur Colin Huang, the business has grown by connecting consumers directly with merchants and manufacturers, with particular emphasis on value-oriented goods and fresh agricultural produce. The company is based in Shanghai and completed a U.S.