BIT Capital GmbH cut its position in shares of PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD) by 27.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 495,490 shares of the company's stock after selling 189,875 shares during the quarter. PDD accounts for 5.0% of BIT Capital GmbH's portfolio, making the stock its 4th largest position. BIT Capital GmbH's holdings in PDD were worth $58,641,000 at the end of the most recent quarter. A number of other hedge funds and other institutional investors also recently modified their holdings of PDD. Hollencrest Capital Management bought a new stake in shares of PDD in the 1st quarter worth $26,000. IFP Advisors Inc grew its holdings in shares of PDD by 245.8% in the 1st quarter. IFP Advisors Inc now owns 408 shares of the company's stock worth $48,000 after acquiring an additional 290 shares during the last quarter. Siemens Fonds Invest GmbH acquired a new position in shares of PDD in the 4th quarter worth $192,000. OneDigital Investment Advisors LLC acquired a new position in shares of PDD in the 1st quarter worth $204,000. Finally, Gunderson Capital Management Inc. acquired a new position in shares of PDD in the 1st quarter worth $218,000. Institutional investors own 39.83% of the company's stock. Shares of PDD opened at $110.06 on Friday. The stock's fifty day simple moving average is $105.72 and its 200-day simple moving average is $110.16. PDD Holdings Inc. Sponsored ADR has a 1-year low of $87.11 and a 1-year high of $155.67. The company has a market capitalization of $153.22 billion, a price-to-earnings ratio of 11.85, a P/E/G ratio of 1.54 and a beta of 0.42. PDD last issued its earnings results on Tuesday, May 27th. The company reported $1.37 EPS for the quarter, missing analysts' consensus estimates of $2.25 by ($0.88). PDD had a net margin of 24.63% and a return on equity of 33.76%. The firm had revenue of $13.19 billion during the quarter, compared to analysts' expectations of $103.37 billion. During the same quarter last year, the firm earned $20.72 EPS. The business's revenue for the quarter was up 10.2% compared to the same quarter last year. On average, sell-side analysts predict that PDD Holdings Inc. Sponsored ADR will post 10.24 EPS for the current year. A number of brokerages recently issued reports on PDD. China Renaissance restated a 'hold' rating and issued a $107.00 target price on shares of PDD in a report on Wednesday, May 28th. JPMorgan Chase & Co. decreased their target price on PDD from $125.00 to $105.00 and set a 'neutral' rating on the stock in a report on Wednesday, May 28th. Macquarie restated an 'outperform' rating on shares of PDD in a report on Tuesday, May 27th. Benchmark decreased their target price on PDD from $160.00 to $128.00 and set a 'buy' rating on the stock in a report on Wednesday, May 28th. Finally, Deutsche Bank Aktiengesellschaft reiterated a 'hold' rating and set a $112.00 price target on shares of PDD in a report on Wednesday, May 28th. Seven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of 'Moderate Buy' and a consensus price target of $144.55. 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.

BIT Capital GmbH Cuts Stock Holdings in PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD)

BIT Capital GmbH reduced its stake in PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD) by 27.7% in Q1 2025, holding 495,490 shares worth $58.64 million. Other institutional investors also adjusted their positions, with Hollencrest Capital Management, IFP Advisors Inc., and others buying or increasing holdings. PDD, a multinational e-commerce giant with a $153.22 billion market cap, reported $1.37 EPS for Q1 2025, missing analyst forecasts. Analysts issued mixed ratings, with a consensus price target of $144.55.