535 Shares in PDD Holdings Inc. Sponsored ADR $PDD Purchased by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich acquired a new position in PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 535 shares of the company’s stock, valued at approximately $56,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Westside Investment Management Inc. increased its holdings in shares of PDD by 398.0% during the second quarter. Westside Investment Management Inc. now owns 249 shares of the company’s stock worth $26,000 after purchasing an additional 199 shares during the period. Ameritas Advisory Services LLC acquired a new stake in PDD during the second quarter worth approximately $28,000. IFP Advisors Inc increased its stake in PDD by 245.8% during the 1st quarter. IFP Advisors Inc now owns 408 shares of the company’s stock worth $48,000 after acquiring an additional 290 shares during the period. EMC Capital Management acquired a new position in PDD in the 2nd quarter valued at $52,000. Finally, Activest Wealth Management raised its holdings in PDD by 139.1% in the 2nd quarter. Activest Wealth Management now owns 837 shares of the company’s stock valued at $88,000 after acquiring an additional 487 shares in the last quarter. Institutional investors and hedge funds own 39.83% of the company’s stock.

PDD Trading Up 0.2%

NASDAQ PDD opened at $113.49 on Tuesday. The firm has a market capitalization of $158.00 billion, a PE ratio of 11.85, a price-to-earnings-growth ratio of 1.34 and a beta of 0.47. The business’s 50-day moving average price is $130.84 and its two-hundred day moving average price is $118.71. PDD Holdings Inc. Sponsored ADR has a 12 month low of $87.11 and a 12 month high of $139.41.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Barclays increased their target price on PDD from $158.00 to $165.00 and gave the stock an “overweight” rating in a report on Tuesday, August 26th. Bank of America reduced their price objective on shares of PDD from $141.00 to $140.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 19th. Macquarie set a $165.00 target price on shares of PDD and gave the company an “outperform” rating in a research report on Monday, August 25th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of PDD in a report on Wednesday, October 8th. Finally, Benchmark reissued a “buy” rating and issued a $160.00 price objective (up from $128.00) on shares of PDD in a research note on Tuesday, August 26th. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, PDD currently has a consensus rating of “Hold” and a consensus target price of $137.50.

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.