Baillie Gifford & Co. has recently announced that it has increased stake in PDD Holdings Inc ADR (NASDAQ:PDD) by 14.44%. After grabbing 35.67 million shares, the institutional investor is now in possession of 4.5 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 2.69% having worth around $5.26 billion. Moreover, The Vanguard Group, Inc. increased its share by 5.03 million to have a control over 18.05 million shares. And BlackRock Fund Advisors raised its holdings to 1.79 million shares by acquiring 17.05 million shares or 1.28% of the stake.
PDD Holdings Inc ADR (PDD) concluded trading on 12/27/23 at a closing price of $144.45, with 4.49 million shares of worth about $649.22 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 105.74% during that period and on Wednesday the price saw a loss of about -0.53%. Currently the company’s common shares owned by public are about 1.32B shares, out of which, 1.30B shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 45 analysts are covering the PDD stock and their offered price forecasts bring an average price target of $1187.68. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $1518.88 and could fall to a lowest price of $783.03. The stock’s current price level is 13.17% above of average price target set by the analysts, while a rise to estimated low would result in gain of 81.55% for the stock. However, touching the estimated high of $1518.88 would mean a gain of 90.49% for the stock.
Invesco QQQ Trust, Government Pension Fund – Global, and Vanguard Emerging Markets Stock I are the top 3 mutual funds which are holding stakes in PDD Holdings Inc ADR Invesco QQQ Trust is currently holding 11.33 million shares of worth totaling $1.67 billion. The company recently came selling 38456.0 shares which brought its stake up to 0.85% of the company’s outstanding shares. Government Pension Fund – Global bought 3.04 million shares, after which its hold over company’s outstanding shares expand to 0.64%, leaving 8.53 million shares with the mutual fund that have a worth of about $1.26 billion. Vanguard Emerging Markets Stock I, after buying 8.28 million shares, have now control over 0.62% of the stake in the company. It holds 11416.0 shares of worth $1.22 billion.
PDD Holdings Inc ADR (NASDAQ: PDD) started trading at $146.09, above $0.87 from concluding price of the previous day. Stock saw a price change of -3.76% in past 5 days and over the past one month there was a price change of 22.71%. Year-to-date (YTD), PDD shares are showing a performance of 77.13% which increased to 71.90% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $59.67 but also hit the highest price of $150.66 during that period. The average intraday trading volume for PDD Holdings Inc ADR shares is 7.89 million. The stock is currently trading -0.16% below its 20-day simple moving average (SMA20), while that difference is up 17.16% for SMA50 and it goes to 59.55% higher than SMA200.
Baillie Gifford & Co. acquired 35.67 million shares of PDD Holdings Inc ADR having value of about $5.26 billion. Data submitted at the U.S SEC by Baillie Gifford & Co. revealed that the firm now holds 4.5 million shares in the company valued at close to $650187650.7, or have control over 14.44% stake in the company. PDD Holdings Inc ADR (NASDAQ: PDD) currently have 1.32B outstanding shares and institutions hold larger chunk of about 26.57% of that. Holding of mutual funds in the company is about 12.12% while other institutional holders and individual stake holders have control over 14.59% and — of the stake respectively.
The stock has a current market capitalization of $191.91B and its 3Y-monthly beta is at 0.77. PE ratio of stock for trailing 12 months is 32.36, while it has posted earnings per share of $4.46 in the same period. Its PEG reads 1.52 and has Quick Ratio of 1.83 while making debt-to-equity ratio of 0.12. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PDD, volatility over the week remained 2.50% while standing at 2.99% over the month.
Analysts are in expectations that PDD Holdings Inc ADR (PDD) stock would likely to be making an EPS of $3D Systems Corporation in the current quarter, while forecast for next quarter EPS is $6.66 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $PIMCO Dynamic Income Fund which is $Pioneer Natural Resources Compa at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Prologis, Inc. in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 47.41% while it is estimated to increase by 29.50% in next year.
Analysts at 45 brokerage firms have issued recommendations for the PDD Holdings Inc ADR (PDD)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.27. Out of those 45 Wall Street analysts, 36 recommended a “Buy” rating, while 3 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by UBS on November 01, 2023 offering a Buy rating for the stock and assigned a target price range of between $115 and $137 to it.
