The Producers Life Insurance coverage Firm decreased its stake in shares of PDD Holdings Inc. (NASDAQ:PDD – Free Report) by 26.1% through the 2nd quarter, in accordance with its most up-to-date 13F submitting with the Securities & Trade Fee. The fund owned 416,629 shares of the corporate’s inventory after promoting 147,022 shares through the quarter. The Producers Life Insurance coverage Firm’s holdings in PDD had been price $28,806,000 on the finish of the newest quarter.
A lot of different institutional traders and hedge funds additionally not too long ago made adjustments to their positions in PDD. Hhlr Advisors LTD. raised its place in PDD by 266.5% through the first quarter. Hhlr Advisors LTD. now owns 10,642,847 shares of the corporate’s inventory price $807,792,000 after buying a further 7,739,047 shares within the final quarter. Norges Financial institution acquired a brand new stake in PDD within the 4th quarter valued at about $501,089,000. Baillie Gifford & Co. grew its holdings in PDD by 10.6% through the second quarter. Baillie Gifford & Co. now owns 31,167,044 shares of the corporate’s inventory price $2,154,889,000 after buying a further 2,975,800 shares through the interval. Alliancebernstein L.P. grew its holdings in PDD by 3,780.5% through the fourth quarter. Alliancebernstein L.P. now owns 2,845,009 shares of the corporate’s inventory price $232,010,000 after buying a further 2,771,693 shares through the interval. Lastly, Arrowstreet Capital Restricted Partnership acquired a brand new place in PDD through the first quarter price roughly $72,253,000. Institutional traders personal 31.08% of the corporate’s inventory.
PDD Value Efficiency
PDD inventory opened at $139.00 on Wednesday. The corporate’s 50-day shifting common worth is $106.57 and its two-hundred day shifting common worth is $88.92. PDD Holdings Inc. has a 12 month low of $59.67 and a 12 month excessive of $139.93. The corporate has a fast ratio of 1.91, a present ratio of 1.91 and a debt-to-equity ratio of 0.01. The agency has a market cap of $183.42 billion, a P/E ratio of 34.49, a P/E/G ratio of 1.17 and a beta of 0.64.
PDD (NASDAQ:PDD – Get Free Report) final introduced its quarterly earnings information on Tuesday, November twenty eighth. The corporate reported $11.61 EPS for the quarter, beating the consensus estimate of $8.94 by $2.67. The enterprise had income of $68.84 billion through the quarter, in comparison with the consensus estimate of $55.18 billion. PDD had a internet margin of 24.93% and a return on fairness of 33.87%. The corporate’s income was up 93.9% on a year-over-year foundation. Throughout the identical interval within the earlier 12 months, the enterprise earned $1.03 earnings per share. On common, analysts anticipate that PDD Holdings Inc. will submit 3.92 earnings per share for the present fiscal 12 months.
Analysts Set New Value Targets
PDD has been the topic of a number of analysis stories. Barclays raised their worth goal on PDD from $103.00 to $115.00 and gave the corporate an “obese” ranking in a report on Wednesday, August thirtieth. Morgan Stanley lifted their goal worth on shares of PDD from $110.00 to $120.00 in a report on Tuesday, August twenty ninth. HSBC raised their worth goal on shares of PDD from $107.00 to $126.00 in a analysis report on Wednesday, August thirtieth. Jefferies Monetary Group boosted their worth goal on PDD from $79.00 to $95.50 in a analysis notice on Tuesday, August twenty ninth. Lastly, Benchmark lifted their goal worth on PDD from $125.00 to $140.00 and gave the inventory a “purchase” ranking in a report on Wednesday, August thirtieth. Twelve funding analysts have rated the inventory with a purchase ranking, Based on MarketBeat.com, the inventory presently has a consensus ranking of “Purchase” and a median worth goal of $122.25.
Verify Out Our Newest Inventory Evaluation on PDD
PDD Profile
(Free Report)
PDD Holdings Inc, a multinational commerce group, owns and operates a portfolio of companies. It operates Pinduoduo, an e-commerce platform that provides merchandise in varied classes, together with agricultural produce, attire, footwear, luggage, mom and childcare merchandise, meals and beverage, digital home equipment, furnishings and family items, cosmetics and different private care, sports activities and health objects and auto equipment; and Temu, a web-based market.
Featured Tales
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