Avior Wealth Administration LLC grew its holdings in PDD Holdings Inc. (NASDAQ:PDD – Free Report) by 50.9% through the third quarter, in line with its most up-to-date 13F submitting with the Securities and Trade Fee (SEC). The institutional investor owned 501 shares of the corporate’s inventory after buying an extra 169 shares through the quarter. Avior Wealth Administration LLC’s holdings in PDD have been price $68,000 as of its most up-to-date SEC submitting.
A variety of different institutional buyers have additionally purchased and bought shares of the enterprise. Advisors Asset Administration Inc. raised its place in shares of PDD by 39.5% through the 1st quarter. Advisors Asset Administration Inc. now owns 1,767 shares of the corporate’s inventory valued at $205,000 after shopping for an extra 500 shares through the interval. Caxton Associates LP bought a brand new stake in shares of PDD through the 1st quarter valued at roughly $971,000. California State Lecturers Retirement System raised its place in shares of PDD by 20.2% through the 1st quarter. California State Lecturers Retirement System now owns 217,319 shares of the corporate’s inventory valued at $25,263,000 after shopping for an extra 36,595 shares through the interval. iA World Asset Administration Inc. raised its place in shares of PDD by 6.5% through the 1st quarter. iA World Asset Administration Inc. now owns 73,060 shares of the corporate’s inventory valued at $8,493,000 after shopping for an extra 4,467 shares through the interval. Lastly, Artal Group S.A. raised its place in shares of PDD by 73.8% through the 1st quarter. Artal Group S.A. now owns 56,500 shares of the corporate’s inventory valued at $6,568,000 after shopping for an extra 24,000 shares through the interval. 29.07% of the inventory is owned by hedge funds and different institutional buyers.
PDD Inventory Efficiency
NASDAQ:PDD opened at $100.07 on Monday. The corporate has a fifty day easy shifting common of $123.24 and a two-hundred day easy shifting common of $129.64. The corporate has a market cap of $137.68 billion, a price-to-earnings ratio of 9.77, a price-to-earnings-growth ratio of 0.25 and a beta of 0.71. The corporate has a fast ratio of two.11, a present ratio of two.11 and a debt-to-equity ratio of 0.02. PDD Holdings Inc. has a 52 week low of $88.01 and a 52 week excessive of $164.69.
PDD (NASDAQ:PDD – Get Free Report) final posted its quarterly earnings outcomes on Monday, August twenty sixth. The corporate reported $23.24 EPS for the quarter, topping the consensus estimate of $2.66 by $20.58. The enterprise had income of $97.06 billion through the quarter, in comparison with the consensus estimate of $100.17 billion. PDD had a web margin of 29.05% and a return on fairness of 49.53%. The corporate’s quarterly income was up 85.7% in comparison with the identical quarter final yr. Throughout the identical quarter within the earlier yr, the agency posted $1.27 earnings per share. As a gaggle, equities analysts anticipate that PDD Holdings Inc. will put up 11.19 earnings per share for the present fiscal yr.
Analyst Rankings Adjustments
PDD has been the subject of a number of analyst stories. JPMorgan Chase & Co. lowered shares of PDD from an “chubby” score to a “impartial” score and lowered their worth goal for the corporate from $170.00 to $105.00 in a analysis report on Friday. Jefferies Monetary Group reduce their goal worth on PDD from $181.00 to $171.00 and set a “purchase” score on the inventory in a analysis report on Thursday. Financial institution of America reduce their goal worth on PDD from $206.00 to $170.00 and set a “purchase” score on the inventory in a analysis report on Tuesday, August twenty seventh. Benchmark reduce their goal worth on PDD from $185.00 to $160.00 and set a “purchase” score on the inventory in a analysis report on Friday. Lastly, Daiwa America raised PDD to a “strong-buy” score in a analysis report on Tuesday, August twenty seventh. Two analysis analysts have rated the inventory with a maintain score, eight have issued a purchase score and two have assigned a powerful purchase score to the inventory. Based on MarketBeat.com, PDD presently has a consensus score of “Purchase” and a mean worth goal of $173.40.
Verify Out Our Newest Inventory Report on PDD
PDD Profile
PDD Holdings Inc, a multinational commerce group, owns and operates a portfolio of companies. It operates Pinduoduo, an e-commerce platform that gives merchandise in numerous classes, together with agricultural produce, attire, footwear, baggage, 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, an internet market.
Additional Studying
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