Goldstream Capital Management Ltd Has $1.87 Million Stock Position in PDD Holdings Inc. (NASDAQ:PDD)

Goldstream Capital Management Ltd grew its stake in shares of PDD Holdings Inc. (NASDAQ:PDD) by 5,012.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,780 shares of the company’s stock after purchasing an additional 12,530 shares during the period. PDD makes up 1.2% of Goldstream Capital Management Ltd’s investment portfolio, making the stock its 16th biggest holding. Goldstream Capital Management Ltd’s holdings in PDD were worth $1,870,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in PDD. SRS Capital Advisors Inc. raised its holdings in shares of PDD by 294.4% in the 3rd quarter. SRS Capital Advisors Inc. now owns 280 shares of the company’s stock worth $27,000 after acquiring an additional 209 shares during the last quarter. Turim 21 Investimentos Ltda. acquired a new stake in shares of PDD in the 3rd quarter worth about $55,000. CWM LLC raised its holdings in shares of PDD by 22.7% in the 3rd quarter. CWM LLC now owns 758 shares of the company’s stock worth $74,000 after acquiring an additional 140 shares during the last quarter. Tennessee Valley Asset Management Partners acquired a new stake in shares of PDD in the 4th quarter worth about $144,000. Finally, Shen Neil Nanpeng acquired a new stake in shares of PDD in the 3rd quarter worth about $175,000. Institutional investors and hedge funds own 29.07% of the company’s stock.

PDD Price Performance

NASDAQ PDD traded up $13.05 on Thursday, hitting $137.54. The stock had a trading volume of 21,394,604 shares, compared to its average volume of 8,526,049. PDD Holdings Inc. has a 52-week low of $59.67 and a 52-week high of $152.99. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.93 and a current ratio of 1.93. The company has a market capitalization of $181.50 billion, a price-to-earnings ratio of 22.95, a price-to-earnings-growth ratio of 0.32 and a beta of 0.67. The firm has a 50-day moving average of $121.35 and a 200-day moving average of $127.05.

PDD (NASDAQ:PDD) last posted its earnings results on Wednesday, March 20th. The company reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.81. PDD had a net margin of 24.23% and a return on equity of 39.10%. The business had revenue of $12.52 billion for the quarter, compared to analysts’ expectations of $11.80 billion. Equities analysts expect that PDD Holdings Inc. will post 7.85 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PDD. JPMorgan Chase & Co. reduced their price objective on shares of PDD from $195.00 to $190.00 and set an “overweight” rating for the company in a research report on Thursday, March 21st. The Goldman Sachs Group downgraded shares of PDD from a “buy” rating to a “neutral” rating and set a $136.00 price objective for the company. in a research report on Monday, March 11th. Barclays upped their price objective on shares of PDD from $164.00 to $178.00 and gave the stock an “overweight” rating in a research report on Thursday, March 21st. Citigroup increased their target price on shares of PDD from $170.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, March 21st. Finally, Jefferies Financial Group increased their target price on shares of PDD from $157.00 to $161.00 and gave the company a “buy” rating in a research report on Thursday, March 21st. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, PDD currently has an average rating of “Moderate Buy” and an average price target of $146.85.

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.