Leonteq Securities AG Has $10.13 Million Stock Holdings in PDD Holdings Inc. Sponsored ADR $PDD

Leonteq Securities AG lifted its position in PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD) by 1,164.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 99,141 shares of the company’s stock after buying an additional 91,298 shares during the quarter. Leonteq Securities AG’s holdings in PDD were worth $10,130,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Advisory Services Network LLC lifted its position in PDD by 0.7% during the 3rd quarter. Advisory Services Network LLC now owns 15,458 shares of the company’s stock worth $2,043,000 after acquiring an additional 102 shares during the last quarter. Range Financial Group LLC increased its stake in shares of PDD by 3.8% in the fourth quarter. Range Financial Group LLC now owns 3,620 shares of the company’s stock worth $410,000 after purchasing an additional 131 shares during the period. Focus Partners Wealth increased its stake in shares of PDD by 1.0% in the fourth quarter. Focus Partners Wealth now owns 13,886 shares of the company’s stock worth $1,512,000 after purchasing an additional 142 shares during the period. Fifth Third Bancorp lifted its position in shares of PDD by 4.3% during the 4th quarter. Fifth Third Bancorp now owns 3,649 shares of the company’s stock worth $414,000 after purchasing an additional 151 shares during the last quarter. Finally, Mariner LLC boosted its stake in PDD by 0.8% during the 4th quarter. Mariner LLC now owns 22,092 shares of the company’s stock valued at $2,506,000 after purchasing an additional 165 shares during the period. 39.83% of the stock is owned by institutional investors.

PDD Price Performance

PDD opened at $82.39 on Friday. The company has a market capitalization of $117.27 billion and a P/E ratio of 8.90. The firm’s fifty day moving average price is $88.91 and its two-hundred day moving average price is $99.65. PDD Holdings Inc. Sponsored ADR has a fifty-two week low of $71.94 and a fifty-two week high of $139.41.

PDD (NASDAQ:PDD) last released its quarterly earnings data on Wednesday, May 27th. The company reported $1.38 EPS for the quarter, missing analysts’ consensus estimates of $2.40 by ($1.02). PDD had a return on equity of 24.32% and a net margin of 21.86%.The business had revenue of $15.41 billion for the quarter, compared to the consensus estimate of $15.92 billion. During the same period in the previous year, the business posted $1.57 earnings per share. PDD’s revenue was up 11.0% on a year-over-year basis. On average, equities research analysts expect that PDD Holdings Inc. Sponsored ADR will post 9.7 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PDD has been the topic of several recent analyst reports. Daiwa Securities Group reaffirmed a “hold” rating and issued a $80.00 price target on shares of PDD in a research report on Tuesday, June 23rd. Sanford C. Bernstein dropped their target price on shares of PDD from $132.00 to $110.00 and set a “market perform” rating on the stock in a research report on Wednesday, May 27th. Citigroup reduced their price target on shares of PDD from $142.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, May 27th. Benchmark dropped their price objective on shares of PDD from $160.00 to $127.00 and set a “buy” rating on the stock in a report on Thursday, May 28th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of PDD in a research note on Wednesday, May 27th. Seven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $124.64.

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.