PDD Target of Unusually Large Options Trading (NASDAQ:PDD)

PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD) was the target of some unusual options trading activity on Thursday. Traders acquired 312,224 put options on the company. This represents an increase of approximately 394% compared to the average volume of 63,152 put options.

Analyst Ratings Changes

A number of equities analysts recently commented on PDD shares. Arete Research set a $130.00 price target on shares of PDD in a research note on Tuesday, December 9th. Citigroup reissued a “neutral” rating on shares of PDD in a research note on Wednesday, January 28th. Loop Capital set a $170.00 target price on PDD in a research report on Tuesday, January 6th. Wall Street Zen downgraded PDD from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Finally, Morgan Stanley set a $148.00 price target on PDD in a research note on Thursday, January 15th. Four investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $140.57.

PDD Price Performance

Shares of PDD opened at $97.43 on Friday. The firm has a market capitalization of $135.64 billion, a price-to-earnings ratio of 10.17, a PEG ratio of 0.89 and a beta of -0.01. PDD has a 1-year low of $87.11 and a 1-year high of $139.41. The company has a 50-day moving average of $104.49 and a 200 day moving average of $117.51.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Advisory Services Network LLC grew its position in PDD by 0.7% during the third quarter. Advisory Services Network LLC now owns 15,458 shares of the company’s stock valued at $2,043,000 after purchasing an additional 102 shares in the last quarter. West Family Investments Inc. boosted its stake in shares of PDD by 2.8% during the 3rd quarter. West Family Investments Inc. now owns 4,026 shares of the company’s stock valued at $532,000 after buying an additional 110 shares during the period. Lido Advisors LLC boosted its stake in shares of PDD by 4.6% during the 2nd quarter. Lido Advisors LLC now owns 2,633 shares of the company’s stock valued at $276,000 after buying an additional 115 shares during the period. Range Financial Group LLC grew its holdings in shares of PDD by 3.4% during the 3rd quarter. Range Financial Group LLC now owns 3,489 shares of the company’s stock valued at $461,000 after acquiring an additional 116 shares in the last quarter. Finally, Focus Partners Wealth grew its holdings in shares of PDD by 1.0% during the 4th quarter. Focus Partners Wealth now owns 13,886 shares of the company’s stock valued at $1,512,000 after acquiring an additional 142 shares in the last quarter. Institutional investors own 39.83% of the company’s stock.

PDD Company Profile

PDD (NASDAQ: PDD) is the holding company best known for operating Pinduoduo, a China-based, mobile-first e-commerce platform that emphasizes interactive, social shopping and group-buying mechanics to drive user engagement and low prices. Founded in 2015 by entrepreneur Colin Huang, the business has grown by connecting consumers directly with merchants and manufacturers, with particular emphasis on value-oriented goods and fresh agricultural produce. The company is based in Shanghai and completed a U.S.