PDD Holdings Inc. Sponsored ADR $PDD Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its holdings in PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD) by 40.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,121,534 shares of the company’s stock after purchasing an additional 325,066 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in PDD were worth $87,412,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of PDD. H&H International Investment LLC grew its stake in PDD by 71.2% in the 1st quarter. H&H International Investment LLC now owns 19,748,294 shares of the company’s stock valued at $2,017,881,000 after purchasing an additional 8,211,600 shares during the period. Temasek Holdings Private Ltd boosted its holdings in shares of PDD by 5.2% in the 1st quarter. Temasek Holdings Private Ltd now owns 4,926,061 shares of the company’s stock worth $503,345,000 after buying an additional 243,167 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of PDD by 7.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,737,229 shares of the company’s stock worth $381,496,000 after buying an additional 252,537 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in PDD during the third quarter valued at about $202,907,000. Finally, Perseverance Asset Management International raised its position in PDD by 10.2% in the first quarter. Perseverance Asset Management International now owns 2,161,676 shares of the company’s stock worth $220,880,000 after acquiring an additional 199,584 shares during the period. Institutional investors own 39.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Benchmark reduced their target price on shares of PDD from $127.00 to $114.00 and set a “buy” rating for the company in a research report on Tuesday, August 25th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $105.00 price target on shares of PDD in a report on Monday, August 24th. Zacks Research upgraded PDD from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 25th. JPMorgan Chase & Co. dropped their price objective on PDD from $110.00 to $95.00 and set a “neutral” rating on the stock in a research note on Thursday, September 10th. Finally, Arete Research set a $93.00 price objective on PDD and gave the company a “neutral” rating in a report on Monday, September 7th. Five analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $110.31.

PDD Stock Performance

PDD stock opened at $78.72 on Thursday. The stock has a fifty day moving average of $81.40 and a 200-day moving average of $86.97. PDD Holdings Inc. Sponsored ADR has a fifty-two week low of $71.94 and a fifty-two week high of $139.41. The company has a market capitalization of $112.05 billion, a price-to-earnings ratio of 8.99, a PEG ratio of 0.65 and a beta of -0.05.

PDD (NASDAQ:PDD) last announced its quarterly earnings data on Friday, August 14th. The company reported $2.84 earnings per share (EPS) for the quarter. PDD had a return on equity of 22.29% and a net margin of 20.73%. The business had revenue of $16.54 billion for the quarter. Equities analysts predict that PDD Holdings Inc. Sponsored ADR will post 10.02 EPS for the current year.

About PDD

PDD Holdings Inc is a multinational commerce group that operates online marketplace platforms connecting consumers with merchants, manufacturers and agricultural producers. The company’s platforms use interactive shopping features, including group purchasing and personalized product discovery, to offer a broad range of merchandise at competitive prices.

PDD Holdings’ businesses include Pinduoduo, an e-commerce platform serving consumers in China, and Temu, an online marketplace launched in 2022 that serves consumers across multiple international markets, including North America, Europe and other regions.