PDD Holdings Inc. Sponsored ADR $PDD Stock Holdings Lifted by Blue Trust Inc.

Blue Trust Inc. lifted its position in PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD) by 23.9% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 3,820 shares of the company’s stock after buying an additional 736 shares during the quarter. Blue Trust Inc.’s holdings in PDD were worth $400,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in PDD. Hollencrest Capital Management bought a new stake in PDD in the first quarter worth approximately $26,000. Ameritas Advisory Services LLC bought a new stake in PDD in the second quarter worth $28,000. IFP Advisors Inc boosted its holdings in PDD by 245.8% in the first quarter. IFP Advisors Inc now owns 408 shares of the company’s stock worth $48,000 after purchasing an additional 290 shares in the last quarter. Goldstream Capital Management Ltd bought a new stake in PDD in the first quarter worth $102,000. Finally, Valeo Financial Advisors LLC bought a new stake in PDD in the second quarter worth $136,000. Institutional investors own 39.83% of the company’s stock.

PDD Stock Performance

NASDAQ PDD opened at $127.55 on Tuesday. The firm has a 50-day simple moving average of $125.06 and a 200 day simple moving average of $112.69. PDD Holdings Inc. Sponsored ADR has a twelve month low of $87.11 and a twelve month high of $142.39. The stock has a market cap of $177.57 billion, a PE ratio of 13.83, a PEG ratio of 1.47 and a beta of 0.40.

Analyst Ratings Changes

Several research firms have recently issued reports on PDD. Benchmark reiterated a “buy” rating and set a $160.00 price target (up previously from $128.00) on shares of PDD in a research note on Tuesday, August 26th. Macquarie set a $165.00 target price on PDD and gave the stock an “outperform” rating in a research report on Monday, August 25th. Jefferies Financial Group set a $146.00 price objective on shares of PDD and gave the stock a “buy” rating in a report on Monday, August 25th. Barclays upped their price objective on shares of PDD from $158.00 to $165.00 and gave the stock an “overweight” rating in a report on Tuesday, August 26th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of PDD in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $137.82.

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.