Temasek Holdings Private Ltd Has $134.09 Million Stock Holdings in PDD Holdings Inc. Sponsored ADR $PDD

Temasek Holdings Private Ltd raised its holdings in PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD) by 8.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,132,985 shares of the company’s stock after acquiring an additional 86,183 shares during the quarter. Temasek Holdings Private Ltd owned about 0.08% of PDD worth $134,089,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in PDD. Hollencrest Capital Management acquired a new stake in PDD in the first quarter valued at approximately $26,000. IFP Advisors Inc lifted its stake in PDD by 245.8% in the first quarter. IFP Advisors Inc now owns 408 shares of the company’s stock valued at $48,000 after acquiring an additional 290 shares during the last quarter. Goldstream Capital Management Ltd acquired a new stake in PDD in the first quarter valued at approximately $102,000. Siemens Fonds Invest GmbH acquired a new stake in PDD in the fourth quarter valued at approximately $192,000. Finally, OneDigital Investment Advisors LLC acquired a new stake in PDD in the first quarter valued at approximately $204,000. 39.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on PDD. Citigroup reiterated a “buy” rating on shares of PDD in a research note on Monday, August 25th. Benchmark reissued a “buy” rating and issued a $160.00 price target (up previously from $128.00) on shares of PDD in a research report on Tuesday, August 26th. JPMorgan Chase & Co. dropped their price target on shares of PDD from $125.00 to $105.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 28th. Macquarie set a $165.00 price target on shares of PDD and gave the company an “outperform” rating in a research report on Monday, August 25th. Finally, Bank of America lifted their price target on shares of PDD from $120.00 to $141.00 and gave the company a “neutral” rating in a research report on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $137.82.

PDD Stock Up 0.7%

NASDAQ:PDD opened at $124.68 on Friday. PDD Holdings Inc. Sponsored ADR has a 12 month low of $87.11 and a 12 month high of $155.67. The firm has a market cap of $173.57 billion, a price-to-earnings ratio of 13.52, a P/E/G ratio of 1.47 and a beta of 0.46. The company’s 50 day moving average is $114.22 and its 200-day moving average is $111.24.

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.