Henry James International Management Inc. Boosts Stake in PDD Holdings Inc. (NASDAQ:PDD)

Henry James International Management Inc. lifted its stake in shares of PDD Holdings Inc. (NASDAQ:PDD) by 65.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,861 shares of the company’s stock after buying an additional 9,063 shares during the period. PDD makes up approximately 1.3% of Henry James International Management Inc.’s investment portfolio, making the stock its 23rd biggest holding. Henry James International Management Inc.’s holdings in PDD were worth $3,345,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. SRS Capital Advisors Inc. lifted its stake in PDD by 294.4% during the 3rd quarter. SRS Capital Advisors Inc. now owns 280 shares of the company’s stock valued at $27,000 after acquiring an additional 209 shares during the period. Turim 21 Investimentos Ltda. purchased a new stake in PDD in the third quarter valued at $55,000. AJOVista LLC purchased a new stake in PDD in the fourth quarter valued at $103,000. Tennessee Valley Asset Management Partners acquired a new stake in PDD during the 4th quarter worth about $144,000. Finally, Shen Neil Nanpeng purchased a new position in shares of PDD during the 3rd quarter valued at about $175,000. 29.07% of the stock is owned by hedge funds and other institutional investors.

PDD Price Performance

PDD stock traded up $2.64 during trading on Friday, hitting $140.18. The stock had a trading volume of 11,575,696 shares, compared to its average volume of 8,344,514. The company’s 50-day moving average price is $121.72 and its two-hundred day moving average price is $127.36. PDD Holdings Inc. has a twelve month low of $59.67 and a twelve month high of $152.99. The stock has a market capitalization of $184.98 billion, a P/E ratio of 24.46, a PEG ratio of 0.36 and a beta of 0.67. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.93 and a quick ratio of 1.93.

PDD (NASDAQ:PDD) last announced its quarterly earnings data on Wednesday, March 20th. The company reported $2.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.81. PDD had a return on equity of 39.10% and a net margin of 24.23%. The company had revenue of $12.52 billion for the quarter, compared to analyst estimates of $11.80 billion. As a group, research analysts predict that PDD Holdings Inc. will post 7.85 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on PDD. Citigroup boosted their price target on PDD from $170.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, March 21st. Jefferies Financial Group boosted their target price on shares of PDD from $157.00 to $161.00 and gave the company a “buy” rating in a research note on Thursday, March 21st. JPMorgan Chase & Co. lowered their price target on shares of PDD from $195.00 to $190.00 and set an “overweight” rating on the stock in a report on Thursday, March 21st. Barclays lifted their price objective on shares of PDD from $164.00 to $178.00 and gave the company an “overweight” rating in a report on Thursday, March 21st. Finally, Benchmark increased their target price on shares of PDD from $215.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, March 21st. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, PDD presently has an average rating of “Moderate Buy” and a consensus target price of $146.85.

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.