PDD Holdings Inc. (NASDAQ:PDD) Shares Bought by Howard Capital Management Inc.

Howard Capital Management Inc. raised its holdings in PDD Holdings Inc. (NASDAQ:PDD) by 2.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,386 shares of the company’s stock after purchasing an additional 340 shares during the period. Howard Capital Management Inc.’s holdings in PDD were worth $1,395,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of PDD. Prime Capital Investment Advisors LLC boosted its holdings in PDD by 5.2% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,810 shares of the company’s stock worth $244,000 after buying an additional 89 shares during the last quarter. OneDigital Investment Advisors LLC raised its stake in PDD by 6.8% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,624 shares of the company’s stock valued at $354,000 after purchasing an additional 166 shares during the last quarter. Avior Wealth Management LLC raised its stake in PDD by 50.9% in the 3rd quarter. Avior Wealth Management LLC now owns 501 shares of the company’s stock valued at $68,000 after purchasing an additional 169 shares during the last quarter. Prospera Private Wealth LLC acquired a new position in PDD in the 3rd quarter valued at $27,000. Finally, Fortis Capital Management LLC raised its stake in PDD by 13.1% in the 3rd quarter. Fortis Capital Management LLC now owns 1,784 shares of the company’s stock valued at $241,000 after purchasing an additional 206 shares during the last quarter. 39.83% of the stock is owned by institutional investors and hedge funds.

PDD Stock Up 5.6 %

Shares of NASDAQ:PDD opened at $131.34 on Monday. The business has a 50-day moving average price of $107.12 and a 200 day moving average price of $113.94. PDD Holdings Inc. has a 12-month low of $88.01 and a 12-month high of $164.69. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $180.71 billion, a price-to-earnings ratio of 12.83, a PEG ratio of 0.32 and a beta of 0.67.

Analyst Upgrades and Downgrades

PDD has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered shares of PDD from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $170.00 to $105.00 in a research report on Friday, November 22nd. Jefferies Financial Group lowered their price target on shares of PDD from $181.00 to $171.00 and set a “buy” rating on the stock in a research report on Thursday, November 21st. Benchmark reduced their price objective on PDD from $185.00 to $160.00 and set a “buy” rating on the stock in a research report on Friday, November 22nd. Finally, Dbs Bank downgraded PDD from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 22nd. Three 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 stock. According to MarketBeat, PDD currently has an average rating of “Moderate Buy” and a consensus target price of $173.40.

PDD 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.